Holiday RV Superstores Inc., the retail chain doing business as Recreation USA, announced today (March 1) that it created three executive general manager positions and completed the final round of a private equity offering.
Also, Recreation USA announced it will re-open its Clermont, Fla., store and establish a new dealership in Las Vegas, both to occur sometime in the May-through-July time frame.
The three executive general managers will oversee Recreation USA operations in its three key markets: the West Coast; Mid-Atlantic and Southeast. “The new positions will not add another layer of management but will be an extension of responsibilities for three current general managers,” according to the company.
Meanwhile, the company completed its $3.5 million private equity offering when it received an additional $1.5 million in proceeds from the sale of units consisting of convertible preferred stock and warrants.