RecNation, a nation-leading owner, operator and developer of specialized recreational vehicle and marine storage facilities, has broadened it’s footprint with its 50th acquisition, expanding the company’s portfolion to six states. The expansion follows the company’s recent $500-million debt financing announcement last month.
RecNation now has a presence in 10 out of 15 of the country’s fastest-growing cities. The recent addition marks the company’s first premier recreational vehicle storage facility in the Bradenton, Fla. area, while adding two more Texas locations to its portfolio: Houston and Galveston. The new acquisitions further enhance RecNation’s market-leading position in the specialized boat and RV storage industry with approximately 14,000 rental units spread across 50 locations in six states.
“Reaching our 50th acquisition milestone is a tremendous accomplishment that everyone on the entire RecNation team is celebrating,” said Gary Wojtaszek, Chief Camper & Founder of RecNation. “I’m so proud of all that we have achieved in such a relatively short amount of time and glad that I get to spend each day working alongside such a talented team. Not only have we scaled the company very quickly, but more importantly, we have built an incredibly robust operating platform and adopted many of the high-technology tools and techniques that we deployed in our prior data center business, which allows us to efficiently manage these facilities in a highly automated and centralized way.”
As the largest institutional platform in the industry, RecNation is able to provide significant economies of scale to a very fragmented asset class by acquiring, designing, building and operating premium storage facilities. The company continues to innovate and expand its product and service offerings to enhance their customers’ experience.
The company established the first of its kind “AirBnB” equivalent for their RV customers, which enables RV owners to monetize their RVs when not in use by handling all the marketing and sales and operational support required to rent their customers’ RVs, to other outdoor enthusiasts who would rather rent than own an expensive rec vehicle. Additionally, RecNation has also launched a RV resale program, which helps customers sell and upgrade their RVs. The company also recently introduced an RV repair and cleaning business. As part of its innovative branding, the company continues to find ways to enhance their product offering to provide a more fulsome customer experience.
RecNation also released the Q2 “Rec Report,” which is a comprehensive industry update report on RV and boats storage, crafted to empower owners, developers, brokers, investors and outdoor enthusiasts with invaluable insights. It highlights many of the trends and key storage-market drivers for the recreational vehicle and marine industry. seasoned owner or an adventure seeking road tripper, The RecReport provides firsthand insights into the RV and boat storage world–valuable information for both seasoned outdoor-rec enthusiasts or the intermittent adventure-seeking road tripper
About RecNation
RecNation acquires, builds and manages specialized RV and boat storage facilities across the United States. The company was founded to meet the burgeoning storage requirements of the owners of recreational and marine vehicles. As the first institutional grade, specialized storage company created to serve the growing storage needs for both recreational and marine vehicles, RecNation continues to solidify its position as the leading recreational storage operator in the nation. Since its inception in 2020, the Company has expanded its footprint to more than 50 locations across Texas, Florida, Arizona, Kansas, Tennessee and Missouri to serve a growing community of outdoor and recreational enthusiasts seeking a secure facility to house their mosts valuable “toys.”
RecNation partnered with WOJO Capital Partners LLC and Centerbridge Partners L.P., a private investment management firm, to accelerate its expansion into a national platform dedicated to serving recreational and marine storage enthusiasts across the nation.
To learn more about RV and boat storage trends, see the company’s quarterly report, check out its portfolio of properties or watch its recent video promo.
