Travel Resorts of America is pleased to announce the acquisition of Bass Lakes Resorts in New York. The acquisition adds a seventh membership resort to the company and continues its strategy of providing the highest quality RV membership resorts up and down the eastern United States.
Scale Finance provides fractional CFO services for Travel Resorts of America and coordinated the acquisition. Gerhard Renner, Travel Resort’s CFO, remarked “this is a perfect example of the synergies which Scale Finance brings to transactions – providing pragmatic, on-site CFO support, and having the expertise on the transaction side to coordinate the acquisition process. In this instance, we acquired 5 different entities, required bank financing to complete the transaction, and had a unique tax structure to consider. By pulling from resources across the company, we were able to complete the transaction and meet the needs of all stakeholders, which was critical in getting closed.”
TRA is a collection of private resort RV campgrounds that feature spacious RV sites, a better camping experience, a safer environment and a more family-friendly atmosphere that the typical RV clubs can provide. With now over 600 RV campgrounds to choose from, there is something for everyone.
This is Travel Resorts of America’s first acquisition in the New York market, with other properties previously acquired in Ohio, Pennsylvania, North Carolina and Florida.
About Scale Finance
Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices throughout the southeast including Charlotte, Raleigh/Durham, Greensboro, Wilmington, Washington D.C. and South Florida with a team of more than 50 professionals serving more than 100 companies throughout the region.