Camping World Holdings Continues Expansion in the Northeast with Maine Acquisition
Camping World Holdings (CWH) has signed an agreement to acquire Lee’s Family Trailer in Windham, ME, marking its first location in Maine. The acquisition aims to establish a recreational dealer platform across all 48 contiguous states and is expected to close in April 2021. This initiative is projected to enhance convenience for Camping World's 5.5 million customers, facilitating online sales of new and used RVs. The new facility will operate under the Camping World brand and is set to open by mid-April.
- Expansion into Maine, enhancing geographical presence.
- Anticipated closure in April 2021 accelerates growth plans.
- Supports goal of operating in all 48 contiguous states.
- Potential increase in customer convenience with online sales.
- None.
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s Recreation Dealer, today announced that an agreement has been signed to acquire Lee’s Family Trailer in Windham, ME. The acquisition is anticipated to close in April 2021 and will be the company’s first location in the state of Maine. Camping World continues to march towards establishing a recreation dealer platform in all 48 contiguous states.
“It’s our intention with acquisitions like this to complete our goal of operating our recreational dealer platform in all 48 contiguous states,” said Marcus Lemonis, CEO and Chairman of Camping World Holdings. “This achievement not only creates more convenience for our nearly 5.5 million unique customers but sets the stage for a web centric process to sell both new and used RVs nationwide completely online.”
The company currently has operating RV dealerships, agreements to acquire existing RV dealerships, is under new construction or has land acquisition pending in all 48 states.
The new Maine facility will transition to the Camping World brand with a target open date of mid-April and be the first of at least two locations in the state. The SuperCenter 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 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 Lee's Family Trailer?
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