Camping World Continues Expansion With Vermont Acquisition
Camping World Holdings (CWH) has announced a land acquisition for TC's RV dealership in St. Albans City, Vermont. This marks the company's entry into the Vermont market and is expected to close later this summer, with plans for renovation and expansion slated for mid to late 2022. The new facility will offer a vast selection of RVs and outdoor products, enhancing Camping World's presence in the contiguous states, as they currently operate in 46 out of 48 states. CEO Marcus Lemonis emphasized the strategic importance of this acquisition for growth.
- Acquisition allows entry into the Vermont market.
- Strategic expansion with operations in 46 of 48 contiguous states.
- Facility will offer a wide range of RVs and outdoor products.
- None.
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World” or the “Company”), America’s Recreation Dealer, today announced a land acquisition agreement for TC’s RV dealership in St. Albans City, VT. The acquisition is anticipated to close later this summer. The property will undergo a full renovation and expansion with an anticipated opening in mid to late 2022. This location will be the retailer’s first facility in the state of Vermont.
“We continue to march towards our goal of operating a recreational dealer platform in the 48 contiguous states,” said Marcus Lemonis, CEO and Chairman of Camping World Holdings. “This land acquisition allows us to enter the Vermont market and brings us one step closer to our overall goal.”
The property, located at 457 Swanton Road, is conveniently off Interstate – 89, just 20 minutes from the Canadian border. The location 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 46 of the 48 contiguous 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 180 locations in 40 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 business plans and goals, our investments and investment objectives, our long term growth and success, our expectations regarding market potential, demand for our products, capital allocation priorities, our growth strategy, new technology initiatives, our plans and our beliefs regarding our competitive position and prospects for the future, 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
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