THO - Thor Industries to sell majority interest in TH2Connect digital application business

Thor Industries (NYSE:THO) has signed a Letter of Intent to sell a majority interest in its TH2Connect digital application business to private equity firm Graham Allen Partners. Graham Allen will acquire controlling interest in the business for $81M. The TH2Connect digital platform collectively operates as Roadpass Digital, and consists of Roadtrippers, Campendium, RVillage, Togo RV, Roadpass, and Overnight RV Parking. This transaction, expected to close on April 30, 2022, will enable Thor to focus capital and strategic initiatives on its core business. Moving forward, THOR will be a customer of Roadpass to gain consumer insights and help serve the needs of its customers in improving their RV experiences.

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Thor Industries to sell majority interest in TH2Connect digital application business