After reading comments about Inventory Units as well as learning the lead times for new orders have dramatically shortened I wondered who KV Capital- the owner of Escape Trailers is and found some interesting facts.
The original company was formed in 2006 and engaged in Mortgage Lending. their name back then was The Mortgage Corner. In 2010 they rebranded as KV Capital.
This was their business until 2017 when they started KV Private Equity Fund I.
In May 2017 they bought Northern Lite.
In October 2017 they bought Off Grid Trailers.
In July 2018 they bought Escape Trailer.
In October 2018 they bought Campion Boats.
In August 2022 they shut down Campion Boats and liquidated all the equipment and supplies and listed the land and 104,000 sq.ft. building for 14.9 Million. KV Capital says they have plans to re-locate the business and resume building boats under the Campion nameplate through a contract manufacturing arrangement with an as-yet undetermined partner.
In September 2022 KV Capital divests Northern Lite & Off Grid Trailers to Tri-West Capital-founded in 1998 and has a much larger portfolio of Funds with some 28 different companies across a wide range of industries.
https://triwest.ca/portfolio/
So what about Escape Trailer's prospects? Seems like the Mortgage Lending Business is falling significantly- From PR Newswire:
"Lenders issued a total of 1,518,933 residential mortgages in the fourth quarter of 2022 - the lowest number since the first quarter of 2014. The latest figure was down 24.5 percent from 2,010,609 in the third quarter of 2022 and down 55.2 percent from 3,390,801 in the fourth quarter of 2021.Mar 2, 2023."
I see KV Capital re-launched their Residential Mortgage Brokering in 2021 and in 2022 divested 3 of the 4 Recreational products mfg's they purchased in 2017/2018.
https://www.kvcapital.ca/about
Thoughts?
Threaded Mode
