Camping World Announces Deal to Acquire Hilmerson RV in Minnesota
Camping World Holdings (NYSE: CWH) has announced the acquisition of Hilmerson RV, a dealership in Little Falls, Minnesota. Expected to close by early summer 2021, this acquisition will enhance Camping World's presence in the state, representing its 11th location. Hilmerson RV has a strong reputation with over 37 years of service. The facility will be rebranded under Camping World, offering new and used RVs, along with a wide selection of RV products. Currently, Camping World operates in 45 states and continues to expand its footprint in the RV market.
- Acquisition of Hilmerson RV strengthens Camping World's presence in Minnesota.
- Expected opening of the new location will provide a full range of RV products and services.
- Hilmerson RV's strong reputation enhances brand value for Camping World.
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Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s Recreation Dealer, today announced the expansion of its business presence in the Minnesota market with an agreement to acquire Hilmerson RV in Little Falls. The acquisition is expected to close in early summer 2021.
“With a history of top-notch customer service for over 37 years, Hilmerson RV is one of the best dealerships in America,” said Marcus Lemonis, CEO and Chairman of Camping World. “I’ve been in this business for almost 20 years and this team simply runs one of the strongest operations I’ve ever seen.”
The facility, located at 14884 113th Street in Little Falls just off Highway 10, will transition to the Camping World brand and open for business early this summer. This will be the company’s 11th location in the state of Minnesota and will include a wide range of new and used RVs from top manufacturers in addition to a full assortment of RV and outdoor products and accessories.
The company currently has operating dealerships, agreements to acquire existing RV dealerships, is under new construction or has a land acquisition pending in 45 of the 48 continuous states.
Camping World is always looking for seasoned and professional RV sales associates, technicians, and retail support to assist with locations across the country. Individuals interested in applying for a position may visit http://www.campingworldcareers.com/.
About Camping World Holdings, Inc.
Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is America’s largest retailer of RVs and related products and services. Our vision is to build a long-term legacy business that makes RVing fun and easy, and our Camping World and Good Sam brands have been serving RV consumers since 1966. We strive to build long-term value for our customers, employees, and shareholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry’s most extensive online presence and a highly-trained and knowledgeable team of associates serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of programs and services uniquely enables us to connect with our customers as stewards of the RV enthusiast community and the RV lifestyle. With over 175 locations in 38 states, Camping World, and sister company Gander RV & Outdoors, have grown to become prime destinations for everything RV. For more information, visit www.CampingWorld.com.
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. Statements about our future development plans, expansions, acquisitions, new store openings, business plans and goals, our expectations regarding market potential, demand for our products and growth strategy are forward-looking statements. 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 those 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, 2020 with the SEC on February 26, 2021. 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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FAQ
What is the significance of Camping World's acquisition of Hilmerson RV?
When is Camping World expected to close the acquisition of Hilmerson RV?
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