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Camping World Closes on the Purchase of Lazydays in Sturtevant, Wisconsin

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Camping World Holdings (NYSE: CWH), the World's Largest Recreational Vehicle Dealer, has announced the successful completion of its asset purchase of Lazydays in Sturtevant, Wisconsin. The acquisition marks a strategic expansion for the company, with additional location closings expected in the coming weeks.

The Sturtevant location, formerly known as Burlington RV, was originally founded by Tim Wegge. Chairman and CEO Marcus Lemonis expressed confidence in the location's potential, citing the strong processes and quality team established by the original founder, and aims to restore the location's market dominance.

Camping World Holdings (NYSE: CWH), il più grande rivenditore di veicoli ricreativi al mondo, ha annunciato il completamento con successo dell'acquisto degli asset di Lazydays a Sturtevant, Wisconsin. L'acquisizione rappresenta un'espansione strategica per l'azienda, con ulteriori chiusure di sedi previste nelle prossime settimane.

La sede di Sturtevant, precedentemente nota come Burlington RV, è stata fondata originariamente da Tim Wegge. Il presidente e CEO Marcus Lemonis ha espresso fiducia nel potenziale della sede, citando i solidi processi e il team di qualità stabiliti dal fondatore originale, e mira a ripristinare il dominio di mercato della sede.

Camping World Holdings (NYSE: CWH), el mayor concesionario de vehículos recreativos del mundo, ha anunciado la finalización exitosa de la compra de activos de Lazydays en Sturtevant, Wisconsin. La adquisición marca una expansión estratégica para la empresa, con cierres de ubicaciones adicionales esperados en las próximas semanas.

La ubicación de Sturtevant, anteriormente conocida como Burlington RV, fue fundada originalmente por Tim Wegge. El presidente y CEO Marcus Lemonis expresó confianza en el potencial de la ubicación, citando los sólidos procesos y el equipo de calidad establecidos por el fundador original, y tiene como objetivo restaurar el dominio del mercado de la ubicación.

캠핑 월드 홀딩스 (NYSE: CWH), 세계 최대의 레크리에이션 차량 딜러가 위스콘신주 스터티반트에 있는 Lazydays의 자산 구매를 성공적으로 완료했다고 발표했습니다. 이번 인수는 회사의 전략적 확장을 의미하며, 향후 몇 주 내에 추가 매장 폐쇄가 예상됩니다.

스터티반트 매장은 이전에 벌링턴 RV로 알려져 있었으며, 원래 팀 웨지에 의해 설립되었습니다. 회장 겸 CEO인 마커스 레모니스는 원래 설립자가 만든 강력한 프로세스와 품질 팀을 언급하며 매장의 잠재력에 대한 신뢰를 표명했으며, 매장의 시장 지배력을 회복하는 것을 목표로 하고 있습니다.

Camping World Holdings (NYSE: CWH), le plus grand concessionnaire de véhicules récréatifs au monde, a annoncé l'achèvement réussi de l'achat d'actifs de Lazydays à Sturtevant, Wisconsin. Cette acquisition marque une expansion stratégique pour l'entreprise, avec d'autres fermetures de sites attendues dans les semaines à venir.

Le site de Sturtevant, anciennement connu sous le nom de Burlington RV, a été fondé à l'origine par Tim Wegge. Le président et CEO Marcus Lemonis a exprimé sa confiance dans le potentiel de cet emplacement, citant les processus solides et l'équipe de qualité établis par le fondateur original, et vise à restaurer la domination du marché de cet emplacement.

Camping World Holdings (NYSE: CWH), der größte Händler für Freizeitfahrzeuge der Welt, hat den erfolgreichen Abschluss des Kaufs von Vermögenswerten von Lazydays in Sturtevant, Wisconsin, bekannt gegeben. Die Übernahme stellt eine strategische Expansion für das Unternehmen dar, wobei in den kommenden Wochen mit weiteren Standortschließungen gerechnet wird.

Der Standort Sturtevant, früher bekannt als Burlington RV, wurde ursprünglich von Tim Wegge gegründet. Der Vorsitzende und CEO Marcus Lemonis äußerte Vertrauen in das Potenzial des Standorts und verwies auf die starken Prozesse und das qualitätsorientierte Team, das vom ursprünglichen Gründer etabliert wurde. Er hat das Ziel, die Marktführerschaft des Standorts wiederherzustellen.

Positive
  • Strategic expansion through acquisition of established RV dealership
  • Additional location acquisitions pending in coming weeks
  • Acquisition of location with strong existing processes and team
Negative
  • None.

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- Camping World Holdings, Inc. (NYSE: CWH) (“Camping World” or “Company”), the World’s Largest Recreational Vehicle Dealer, today announced that it has closed on the asset purchase of Lazydays in Sturtevant, Wisconsin. The Company expects to close on additional locations in the coming weeks.

Marcus Lemonis, Chairman and CEO of Camping World, commented, “The acquisition of the Sturtevant location is a significant accomplishment for our Company. We have long been fans of the location’s original founder, Tim Wegge, and the Burlington RV brand prior to the Lazydays acquisition. We know that Tim built strong processes with great people and look forward to resurrecting this location’s market dominance.”

Individuals interested in applying for a position may visit http://www.campingworldjobs.com/.

About Camping World Holdings, Inc.

Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is the world’s largest retailer of RVs and related products and services. Through Camping World and Good Sam brands, our vision is to build a business that makes RVing and other outdoor adventures fun and easy. We strive to build long-term value for our customers, employees, and stockholders 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 highly specialized services and plans, including roadside assistance, protection plans and insurance, uniquely enables us to connect with our customers as stewards of an outdoor and recreational lifestyle. With RV sales and service locations in 43 states, Camping World has grown to become the prime destination 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 including statements about the timing of the closure of and benefits from the announced acquisitions and future market position. 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, 2024. 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.

Brett Andress

InvestorRelations@campingworld.com

Media Outlets:

PR-CWGS@CampingWorld.com

Source: Camping World

FAQ

What location did Camping World (CWH) acquire from Lazydays in December 2023?

Camping World acquired the Lazydays location in Sturtevant, Wisconsin, formerly known as Burlington RV.

How many additional Lazydays locations will Camping World (CWH) acquire?

The company expects to close on additional locations in the coming weeks, but the specific number was not disclosed in the announcement.

Who was the original founder of the Sturtevant location acquired by Camping World (CWH)?

Tim Wegge was the original founder of the location, which was previously known as Burlington RV before becoming Lazydays.

What are Camping World's (CWH) plans for the newly acquired Sturtevant location?

Camping World plans to resurrect the location's market dominance, building upon the strong processes and team established by the original founder.

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