March 28, 2022
Ryco Advisors, LLC Advises Chesnut Bay on its Sale to The Jenkins Organization, Inc.
Ryco Advisors, LLC (“Ryco Advisors”) is pleased to announce the sale of Chesnut Bay RV Resort and Campground, Chesnut Bay Resort, and Pirate’s Bay Waterpark (collectively, “Chesnut Bay”) to The Jenkins Organization, Inc. (“TJO”). Ryco Advisors acted as the exclusive financial advisor to Chesnut Bay.
Chesnut Bay is an expansive RV resort, campground and waterpark located on in Cherokee County, Alabama. The resort includes a variety of family friendly activities and amenities, all situated on beautiful Weiss Lake.
TJO is a Houston-based real estate investment and development firm specializing in the RV resort and self storage industries. The firm currently has an ownership portfolio of over 30 properties, with a market value in excess of $500 million.
Ryco Advisors is an Atlanta-based independent advisory firm focused on the sale of small and lower-middle-market owner-operated companies. The professionals of Ryco Advisors are skilled in all aspects of the sale transaction process and have transaction experience across a broad range of industry sectors. Ryco also offers buyside representation to clients looking to acquire a business, as well as commercial real estate advisory for business owners and investors.