Camping World Acquires the Assets of Three Locations in Delaware, Pennsylvania, and New Jersey
Camping World Holdings (NYSE: CWH) has announced the completion of its asset purchase of Hitch RV, acquiring three locations across Delaware, Pennsylvania, and New Jersey. The company plans to open these locations throughout the first quarter following facility renovations.
This strategic acquisition marks Camping World's entrance into Delaware, expanding its presence to its 44th state. The company views these locations as targets for conversion to Manufacturer Exclusive locations and plans to capitalize on the current dealership M&A environment.
Camping World Holdings (NYSE: CWH) ha annunciato il completamento dell'acquisto di beni di Hitch RV, acquisendo tre sedi in Delaware, Pennsylvania e New Jersey. L'azienda prevede di aprire queste sedi durante il primo trimestre dopo le ristrutturazioni delle strutture.
Questa acquisizione strategica segna l'ingresso di Camping World nel Delaware, espandendo la sua presenza al suo 44° stato. L'azienda considera queste sedi come obiettivi per la conversione in sedi Esclusive del Produttore e pianifica di sfruttare l'attuale ambiente di M&A tra concessionari.
Camping World Holdings (NYSE: CWH) ha anunciado la finalización de la compra de activos de Hitch RV, adquiriendo tres ubicaciones en Delaware, Pennsylvania y Nueva Jersey. La compañía planea abrir estas ubicaciones durante el primer trimestre, tras realizar renovaciones en las instalaciones.
Esta adquisición estratégica marca la entrada de Camping World en Delaware, ampliando su presencia a su 44° estado. La empresa considera estas ubicaciones como objetivos para su conversión a ubicaciones Exclusivas del Fabricante y planea aprovechar el actual entorno de fusiones y adquisiciones entre concesionarios.
캠핑 월드 홀딩스 (NYSE: CWH)는 히치 RV의 자산 구매가 완료되었음을 발표하며, 델라웨어, 펜실베이니아, 뉴저지에 있는 세 개의 매장을 인수했습니다. 이 회사는 시설 개조 후 첫 분기 내에 이 매장을 열 계획입니다.
이번 전략적 인수는 캠핑 월드의 델라웨어 진입을 의미하며, 44번째 주로 그들의 존재를 확장하고 있습니다. 이 회사는 이러한 매장을 제조업체 독점 매장으로 전환할 목표로 보고 있으며, 현재의 대리점 인수합병 환경을 활용할 계획입니다.
Camping World Holdings (NYSE: CWH) a annoncé l'achèvement de l'achat d'actifs de Hitch RV, acquérant trois sites dans le Delaware, la Pennsylvanie et le New Jersey. L'entreprise prévoit d'ouvrir ces sites tout au long du premier trimestre après les rénovations des installations.
Cette acquisition stratégique marque l'entrée de Camping World dans le Delaware, étendant ainsi sa présence à son 44ème état. L'entreprise considère ces sites comme des cibles pour la conversion en sites Exclusifs de Fabricant et prévoit de tirer parti de l'environnement actuel de fusions et acquisitions entre concessionnaires.
Camping World Holdings (NYSE: CWH) hat den Abschluss des Erwerbs von Vermögenswerten von Hitch RV bekannt gegeben und drei Standorte in Delaware, Pennsylvania und New Jersey erworben. Das Unternehmen plant, diese Standorte nach Renovierungsarbeiten im ersten Quartal zu eröffnen.
Diese strategische Akquisition markiert den Eintritt von Camping World in Delaware und erweitert ihre Präsenz auf ihren 44. Bundesstaat. Das Unternehmen sieht diese Standorte als Ziel für die Umwandlung in Herstellerexklusive Standorte und plant, die aktuellen M&A-Bedingungen für Händler zu nutzen.
- Expansion into Delaware marks entry into 44th state, increasing geographic footprint
- Strategic acquisition of three new locations across three states
- Opportunity to convert locations to Manufacturer Exclusive facilities
- Short-term capital expenditure required for facility renovations
- Integration costs and temporary closure during renovation period
Insights
This strategic acquisition by Camping World represents a calculated move to strengthen its presence in the lucrative Mid-Atlantic market. The addition of three locations from Hitch RV not only provides entry into Delaware - their 44th state - but also reinforces their footprint in the densely populated markets of Pennsylvania and New Jersey.
The conversion to Manufacturer Exclusive locations is particularly noteworthy as it typically leads to enhanced operational efficiencies through streamlined inventory management, reduced carrying costs and potentially higher margins through volume-based manufacturer relationships. This model has proven successful in other markets where Camping World operates.
The timing of this acquisition is strategic, capitalizing on what management describes as a "robust dealership M&A environment." This suggests favorable valuations and potential consolidation opportunities in the RV retail sector. The Mid-Atlantic region is especially attractive due to its:
- High population density and disposable income levels
- Strong outdoor recreation culture and proximity to numerous camping destinations
- Year-round RV market potential compared to more seasonal regions
This expansion also positions Camping World to capture market share in a region where the RV lifestyle has seen growing adoption among both traditional camping enthusiasts and a new generation of outdoor recreation consumers. The strategic placement of these locations creates a stronger distribution network that can better serve the flow of inventory and customer demand across the northeastern corridor.
Marcus Lemonis, Chairman and CEO of Camping World, commented, “The acquisition of Hitch RV represents our first location in
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About Camping World Holdings, Inc.
Camping World Holdings, Inc., headquartered in
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Camping World and other matters. All statements other than statements of historical facts contained in this press release may be forward-looking statements including statements about the expected pace of growth, timing of location openings, benefits from the announced acquisition, and product offerings at future locations. In some cases, you can identify forward-looking statements by terms such as ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘expects,’’ ‘‘plans,’’ ‘‘anticipates,’’ ‘‘could,’’ ‘‘intends,’’ ‘‘targets,’’ ‘‘projects,’’ ‘‘contemplates,’’ ‘‘believes,’’ ‘‘estimates,’’ ‘‘predicts,’’ ‘‘potential’’ or ‘‘continue’’ or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including risks described in our filings with the Securities and Exchange Commission (“SEC”), including under the caption “Risk Factors” in our Annual Report on Form 10-K filed for the year ended December 31, 2023. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC.
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Brett Andress
InvestorRelations@campingworld.com
Media Outlets:
PR-CWGS@CampingWorld.com
Source: Camping World
FAQ
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