Rocky Mountain Dealerships ("RME") and AcquireCo, an entity controlled by Matthew Campbell, chairman of the Board of Directors of RME and Garrett Ganden, president and CEO of RME, are pleased to announce that they have entered into an arrangement agreement pursuant to which AcquireCo will acquire all of the issued and outstanding common shares of RME.

The Purchase Price represents a 26.8% premium to the closing share price of the Shares on Oct. 30, 2020, and a 25.8% premium to the 20-day volume-weighted average price of the Shares for the period ended Oct. 30, 2020. The Arrangement values RME at $135 million on an equity basis and at $188 million on an enterprise basis, including debt (net of cash) and lease obligations, and excluding floor plan payables.

Read the full press release here.