Camping World Holdings Announces Planned Acquisition of Nielson RV in Utah
Camping World Holdings, Inc. (NYSE: CWH) has signed an agreement to acquire Nielson RV, which includes two dealership locations in St. George and Hurricane, UT. Expected to close in Spring 2021, this acquisition will expand Camping World's presence in the western US, increasing its Utah locations to five. The deal aims to enhance the company's market share by offering a wider range of RVs and outdoor products. Camping World currently operates over 170 centers nationwide and focuses on RV sales, service, and outdoor lifestyle products.
- Expansion into Utah with two new dealership locations, increasing to five total in the state.
- Acquisition aims to enhance market share in the western US.
- Broader product offerings including new and used RVs and accessories.
- None.
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s Recreation Dealer, today announced that an agreement has been signed to acquire Nielson RV. The agreement includes two RV Dealership locations, one residing in St. George, UT and a second in Hurricane, UT. The deal is anticipated to close in Spring 2021.
“The state of Utah has many great RV and outdoor venues,” said Marcus Lemonis, CEO and Chairman of Camping World Holdings. “This acquisition allows us to the expand our footprint in the western portion of the US and continue to gain market share.”
The SuperCenters 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. Camping World will have five locations in Utah once the acquisitions are complete.
Camping World Holdings, the nation’s largest network of RV and outdoor lifestyle - centric locations, currently owns and operates over 170 SuperCenters nationwide, specializing in RV sales and service, RV parts and accessories, outdoor lifestyle products and its entire portfolio of Good Sam products and services. From new strategic acquisitions, new store development and facility upgrades, the Company’s network will continue to expand and evolve while serving its customers' outdoor, RV and camping needs.
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, headquartered in Lincolnshire, Illinois, is America’s leading recreational vehicle and outdoor retailer, offering an extensive assortment of recreational vehicles for sale, RV and camping gear, RV maintenance and repair, other outdoor and active sports products, and the industry’s broadest and deepest range of services, protection plans, products and resources. Since the Company's founding in 1966, Camping World has grown to become one of the most well-known destinations for everything RV, with more than 170 locations in 38 states and a comprehensive e-commerce platform. 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 regarding our future development plans, 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 the important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K filed for the year ended December 31, 2019, as updated in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, 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 Securities and Exchange Commission.
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FAQ
What is the purpose of Camping World's acquisition of Nielson RV?
When is the Nielson RV acquisition expected to close?
How many locations will Camping World have in Utah after the acquisition?
What types of products will be offered at the new Camping World locations?
