Camping World Closes on the Purchase of Lazydays in Surprise, Arizona

Rhea-AI Summary

Camping World Holdings (NYSE: CWH) has successfully completed the acquisition of Lazydays assets and real estate in Surprise, Arizona. This marks the first of several anticipated location closings in the upcoming weeks. According to Chairman and CEO Marcus Lemonis, these acquisitions will bring top OEM brands and increase market share opportunities, while offering a more traditional RV product mix that aligns with the company's strategic priorities. The company aims to take advantage of the current favorable dealership M&A environment.

Positive

• Strategic expansion through acquisition of Lazydays location in Arizona
• Multiple additional location acquisitions expected to close soon
• Opportunity for increased market share
• Access to top OEM brands through acquisition

Negative

• None.

Insights

M&A and Business Strategy Analyst

The acquisition of Lazydays' Surprise, Arizona location represents a calculated move in Camping World's consolidation strategy, particularly significant given Arizona's position as a prime RV market due to its favorable climate and large retiree population. This deal is noteworthy for several strategic reasons:

The focus on traditional RV product mix signals a strategic pivot back to core competencies, potentially improving inventory turnover and reducing exposure to specialty or non-core products. This alignment with strategic priorities suggests a more focused approach to inventory management and capital allocation.

The mention of multiple locations closing in coming weeks indicates an accelerated M&A strategy, likely capitalizing on current market conditions where smaller dealers may be facing pressures from inventory costs and interest rates. This consolidation opportunity allows CWH to:

• Acquire established customer bases and service relationships
• Gain immediate market share without the costs of greenfield expansion
• Strengthen relationships with key OEM partners
• Optimize regional distribution networks

The Surprise, Arizona location is particularly valuable given its proximity to Phoenix's growing metropolitan area and position along major travel corridors. The acquisition strengthens CWH's presence in a key sunbelt state where RV usage remains strong year-round.

The reference to a robust dealership M&A environment suggests favorable acquisition multiples and terms for buyers, indicating CWH is executing this expansion strategy at an opportune time. This could lead to accretive acquisitions that enhance shareholder value through immediate market penetration and operational synergies.

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 and real estate purchase of Lazydays in Surprise, Arizona. The Company expects to close on additional locations in the coming weeks.

Marcus Lemonis, Chairman and CEO of Camping World, commented, “This is the first of multiple locations anticipated to close in the coming weeks. These locations bring top OEM brands, incremental market share opportunity, and a more traditional RV product mix that aligns with our strategic priorities. We expect to continue to capitalize on today’s robust dealership M&A environment.”

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, future market position, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250220213377/en/

Brett Andress

InvestorRelations@campingworld.com

Media Outlets:

PR-CWGS@CampingWorld.com

Source: Camping World

FAQ

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

Camping World acquired the Lazydays location in Surprise, Arizona, including both assets and real estate.

How many additional Lazydays locations will CWH acquire?

While the exact number wasn't specified, Camping World indicated that multiple additional locations are expected to close in the coming weeks.

What strategic benefits does the Lazydays acquisition bring to CWH?

The acquisition brings top OEM brands, incremental market share opportunity, and a more traditional RV product mix that aligns with Camping World's strategic priorities.

When did Camping World (CWH) close the Lazydays Surprise, Arizona acquisition?

Camping World announced the closing of the Surprise, Arizona location acquisition in the press release, with additional locations expected to close in the coming weeks.