Monday, July 17, 2006
STAG-PARKWAY ACQUIRED BY GREENBRIAR EQUITY GROUP
RV Business
Monday, July 17, 2006
Greenbriar Equity Group LLC today (July 17) announced it has acquired a majority stake in Stag-Parkway Inc., a leading U.S. full-line aftermarket supplier of recreational vehicle parts and accessories.
Greenbriar, based in Rye, N.Y., acquired its interest from Stan Sunshine, Stag president and CEO. Greenbriar said Sunshine will retain a substantial interest in the business and continue to serve as CEO while the entire Stag management team will remain intact. Terms of the deal were not disclosed.
Headquartered in Atlanta, Ga., Stag sources from over 500 suppliers and services a customer base of over 2,000 RV dealers and independent service locations. In May, Stag acquired Middlebury, Ind.-based Development Training Inc. (DTI), the leading provider of aftermarket service parts to RV dealers
Greenbriar Equity Group LLC is focused exclusively on making private equity investments in the global transportation industry, including companies in freight and passenger transport, commercial aerospace, automotive, logistics, and related sectors.
“We are delighted to have Greenbriar as a partner and investor,” said Sunshine. “I have been impressed with the operating expertise and investment approach of the Greenbriar team. Working together, we will continue the growth of the business, while achieving our mission of delivering profitable business solutions to the RV industry in partnership with our employees, suppliers and customers.”
“Stan Sunshine has established Stag as a critical distribution link in the RV industry,” said Jill Raker, managing director of Greenbriar Equity Group. “We are excited to work with Stan and his management team. They have already built a tremendous franchise and we expect together to continue enhancing Stag’s leadership position in the RV parts and accessories industry.”
Monday, July 17, 2006
Greenbriar Equity Group LLC today (July 17) announced it has acquired a majority stake in Stag-Parkway Inc., a leading U.S. full-line aftermarket supplier of recreational vehicle parts and accessories.
Greenbriar, based in Rye, N.Y., acquired its interest from Stan Sunshine, Stag president and CEO. Greenbriar said Sunshine will retain a substantial interest in the business and continue to serve as CEO while the entire Stag management team will remain intact. Terms of the deal were not disclosed.
Headquartered in Atlanta, Ga., Stag sources from over 500 suppliers and services a customer base of over 2,000 RV dealers and independent service locations. In May, Stag acquired Middlebury, Ind.-based Development Training Inc. (DTI), the leading provider of aftermarket service parts to RV dealers
Greenbriar Equity Group LLC is focused exclusively on making private equity investments in the global transportation industry, including companies in freight and passenger transport, commercial aerospace, automotive, logistics, and related sectors.
“We are delighted to have Greenbriar as a partner and investor,” said Sunshine. “I have been impressed with the operating expertise and investment approach of the Greenbriar team. Working together, we will continue the growth of the business, while achieving our mission of delivering profitable business solutions to the RV industry in partnership with our employees, suppliers and customers.”
“Stan Sunshine has established Stag as a critical distribution link in the RV industry,” said Jill Raker, managing director of Greenbriar Equity Group. “We are excited to work with Stan and his management team. They have already built a tremendous franchise and we expect together to continue enhancing Stag’s leadership position in the RV parts and accessories industry.”
