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Camping World Holdings, Inc. (NYSE: CWH) announced its agreement to acquire Pan Pacific RV Center, which includes two RV dealerships in northern California, located in French Camp and Morgan Hill. This acquisition will increase Camping World’s California locations to twenty and is expected to close in Q2 2023. The company aims to enhance its market presence in a major RV market, leveraging Pan Pacific's 50 years of experience. The new SuperCenters will offer a variety of new and used RVs from top brands, alongside a range of RV and outdoor products.
Positive
Acquisition of Pan Pacific RV Center increases California locations to twenty.
Enhances market presence in a significant RV market in northern California.
Pan Pacific has 50 years of experience, bringing an established team.
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None.
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s Recreation Dealer, today announced an agreement to acquire Pan Pacific RV Center. This acquisition includes two northern California RV Dealerships located in French Camp and Morgan Hill. The acquisition is anticipated to close in the second quarter of 2023 and will increase the Company’s California location count to twenty.
“Pan Pacific RV Center has been serving the RV consumer in northern California for over 50 years and brings an experienced team to our company as we continue our rapid pace of growth in one of America’s largest RV markets,” said Marcus Lemonis, Chairman and CEO of Camping World.
The French Camp facility is located at 252 W. Yettner Road on Interstate 5 south of Stockton. The Morgan Hill facility is located at 16695 Condit Road on Highway 101 south of San Jose.
The new SuperCenters will offer a wide range of new and used RVs from top brands including Keystone and Jayco in addition to a full assortment of RV and outdoor products and accessories and the entire portfolio of Good Sam products and services.
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. 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 employees 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 enable us to connect with our customers as stewards of the RV enthusiast community and the RV lifestyle. With RV sales and service locations in 42 states, Camping World has grown to become the prime destination 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, including statements about the expected timing of the closure of and benefits from the announced acquisitions, offerings of acquired companies and our future growth and pace of growth. 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 the risk that the acquisitions may not close on the timelines expected or at all, as well as the other important 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, 2022. 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.
