Monaco Coach Corp. announced today (Jan. 5) that it has engaged Imperial Capital LLC as a financial adviser to assist the company with its evaluation of strategic alternatives.
The Coburg, Ore.-based builder said it intends to consider a variety of financial and strategic alternatives including joint ventures, mergers or other strategic transactions, with “a focus on improving liquidity and maintaining its strong balance sheet.”
In addition, Monaco has retained Avondale Partners LLC to evaluate strategic alternatives for its Signature Motorhome Resorts unit while BMO Capital Markets has been retained for its equine trailer division, Bison Manufacturing LLC, and its specialty trailer division, Roadmaster LLC.
“Monaco will continue to execute its business plan while maintaining its tradition as a leading national manufacturer of recreational vehicles,” said CEO Kay Toolson. “We are confident that our retention of Imperial Capital will help us capitalize on our competitive position and the strength of our brands in order to maximize long-term value.”
Monaco noted that there can be no assurance that this evaluation will result in any specific financial or strategic transactions.