Apollo to step into the Australian Stock Exchange
Major motorhome manufacturer, retailer and rental company Apollo is taking the next step to grow this Australian grassroots family business.
One of the biggest motorhome brands in Australasia is taking a major step forward: Apollo Tourism & Leisure (ATL) has kicked off the process to become listed on the Australian Stock Exchange (ASX) by early November. The Brisbane-born company will raise $50 million at Initial Public Offering and has received strong support from investors in both Australia and New Zealand.
Apollo makes, sells and rents motorhomes in Australia, New Zealand and the United States, and has even extended its reach to Canada with a strategic investment in the RV sales and rental company CanaDream.
The company started in 1985 as a husband and wife effort from Gus and Carolyn Trouchet, renting RVs from their Brisbane family home, and has grown into a multinational organisation with motorhome manufacturing operations in both Auckland and Brisbane, and a strong rental presence both in Australasia and the United States. In spite of this dramatic growth, it’s still a family business, with Gus and Carolyn’s two sons, Luke and Karl Trouchet, running the business today.
CEO and Managing Director, Luke Trouchet said of Apollo’s future, “Apollo has established a strong position on the west coast of the USA with an estimated 9% of the national rental fleet, and is expanding into new locations serving Florida and New York.”
Trouchet also mentioned an upcoming roll-out of new retail centres in major Australian cities among Apollo’s strategies for future growth.
Apollo is expected to list on the ASX on or around the 4th of November 2016, and new shareholders under the Offer will hold 34.49% of total shares once ATL is listed.
When it comes to renting an Apollo motorhome, it’s still as easy as ever: booking a campervan hire in NZ, a motorhome rental in Australia or an RV hire in the USA can be done in a matter of minutes, and gives you the chance to take your vacation on the road with one of the world’s top motorhome rental brands.