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Camping World Holdings (NYSE:CWH) has announced its largest acquisition to date: the purchase of Richardson’s RV Centers. This deal boosts Camping World’s status as the leading RV dealer in California, encompassing eight locations in California and Indiana. The acquisition includes five established dealerships and additional parts and service centers. CEO Marcus Lemonis highlighted the value of Richardson’s management and brand, emphasizing enhanced customer service. The acquisition will expand Camping World's dealership network, featuring 12 RV dealerships and future growth opportunities.
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Acquisition of Richardson’s RV Centers strengthens Camping World's position as the number 1 RV dealer in California.
Expansion to 12 RV dealerships in California enhances market presence.
Inclusion of established management team from Richardson's adds immediate value.
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Acquisition firmly plants Camping World as the Number 1 RV Dealer in California
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s Recreation Dealer, today announced an agreement to acquire Richardson’s RV Centers. The Richardson’s RV Centers acquisition is the largest acquisition in company history and strengthens Camping World’s position as the Number 1 RV dealer in California. The agreement includes eight locations in California and Indiana: five current dealership locations, one future dealership location, and two parts and service centers.
“The Richardson’s top-notch management along with their solid team members are the primary reason we sought this deal,” said Marcus Lemonis, CEO and Chairman of Camping World Holdings. “We know the Richardson’s RV Centers add immediate value for our customers, as an iconic family brand that has been providing exceptional service to RVers for over 30 years.”
The California locations will transition to the Camping World brand and bring the company current count to 12 RV dealerships and five parts and service centers in the state, with a future RV dealership coming soon. The Indiana location will convert to our RVs.com brand and provide a digital and factory direct experience for customers nationwide. The SuperCenters will offer a wide range of new and used RVs from top manufacturers in addition to a full assortment of RV and outdoor products and accessories and the entire portfolio of Good Sam products and services.
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 185 locations in 42 states, Camping World has grown to become the prime destinations for everything RV. For more information, visit www.CampingWorld.com.
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 expansions, acquisitions, and new store openings 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, 2021, with the SEC on February 24, 2022, and our other reports filed with the SEC. 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.
