In a recent Stockhouse DealRoom article, Stockhouse investors were introduced to an intriguing investment opportunity that fits perfectly into the new COVID-19 economy.
Vancouver BC-based Pacific Frontier Investments (PFI) (P.PFI) – a soon-to-be-listed public company – is focussed on identifying and developing modern, family friendly RV and campground locations – a market that eclipses the $5 billion mark. Over 65% of Canadians camp at least occasionally and approximately 90% of campgrounds report increasing and stable demand with RV use growing by about 10% per year. And because of the province’s mild weather conditions, BC leads Canada in operating days per year (230 days). With COVID-19 positively impacting the industry as a whole, the future is indeed sunny for the camping / RV industry.
As for the market, RV sales in North America broke records in 2020 and 2021 and is forecasted to meet and exceed these records based on major RV manufacturers sales backlogs. As a result, PFI is strategically and aggressively growing a portfolio of private campgrounds and RV parks into the network of premier, freshly-upgraded family-friendly camp resorts in high tourism locations.
Pacific Frontier Investments is a Made-in-Canada company based out of British Columbia that’s laser focused on growing its portfolio of Pathfinder Camp Resorts into a network of family friendly RV parks and campgrounds. The Company has multiple locations under sale contract and in its acquisition pipeline, where all businesses are located in desirable locations with strong tourism demand.
The Business Plan: 2020 and Beyond
In the wake of travel restriction post-pandemic, recreational vehicle companies have seen a huge surge in sales across Canada and the U.S. travel. Experts say the surge in sales is likely due to RVs being seen as a safer space for those that want to travel without coming into contact with others outside their social bubbles. A recent American study conducted by the polling firm Ipsos found that 20% of Americans are interested in planning a trip with an RV in comparison to traveling by plane. Locally speaking, camping is the second most popular outdoor activity (based on spending in the Fraser Valley Regional District in BC). It creates 18% of total outdoor recreation revenue to the local economy.
In the News
On October 8th, Pacific Frontier Investments announced that it had entered into a non-binding letter of intent with Discovery One Investment Corporation (TSX-V:DOIT.P) pursuant to which DOIT will acquire all of the outstanding shares of PFI. It is expected that the arrangement will represent a Reverse-Take-Over transaction of DOIT by PFI.
Len Brownlie, President, CEO and director of Discovery One Investment Corporation commented:
“DOIT is excited to combine with PFI and has been impressed with its review of PFI’s business and growth strategy, as well as PFI’s experienced management team. In addition, PFI has an expansive pipeline of new business opportunities. We look forward to working with PFI towards building shareholder value and executing PFI’s business plan.”
Meet the Team
The management of PFI boast over 150 years of combined experience in business, investing, real estate development, and hospitality, and PFI is set to carefully grow its portfolio into a network of year-round, family-friendly RV resorts and campgrounds in the most desirable locations.
The old adage ‘good business is where you find it’ has never been better applied than in this industry. An exploding multi-billion dollar marketplace is now available for savvy investors looking for an investment opportunity with huge upside and profit potential.
With a combination of well-placed, upscale camping resort properties, an experienced management team, and rock solid business plan makes this Company worth far more than just a glancing look.
Pacific Frontier Investments has developed and is implementing a strategic multi-year growth plan that checks a lot of boxes when it comes to early-stage value opportunities.