Camping World Holdings Continues Expansion of Dealer Network with Planned Acquisition of Flagg RV in New England
Camping World Holdings (NYSE: CWH) announced the acquisition of Flagg RV's two dealerships in Uxbridge and West Boylston, MA, plus land in Griswold, CT, for a future location. Set to close in April 2021, this acquisition aims to bolster Camping World's presence, doubling its store count in Massachusetts to four. The deal aligns with Camping World’s strategy to expand into Rhode Island and Connecticut, enhancing its market share across the U.S.
- Acquisition of Flagg RV strengthens market presence in Massachusetts, doubling store count to four.
- Expansion plans include entry into Rhode Island and Connecticut, aligning with market share goals.
- Addition of experienced team from Flagg RV to enhance operations and customer service.
- None.
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s Recreation Dealer, today announced that an agreement has been signed to acquire the two dealership locations of Flagg RV in Uxbridge, MA and West Boylston, MA, and additional land in Griswold, CT for a planned future location. The acquisition is anticipated to close in April 2021.
“Flagg RV has been a family owned and operated business in the RV industry for over 30 years and brings a team with great passion and energy to our company,” said Marcus Lemonis, CEO and Chairman of Camping World Holdings. “We will continue the pursuit of Flagg RV’s key initiatives which include expansion into the states of Rhode Island and Connecticut. As I have stated before, we remain committed to locations in all 48 contiguous states and accelerating our goal of increasing market share.”
Various improvements will be made at both locations as they transition to the Camping World brand with a target date of mid-April 2021. 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 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. With this addition, the company is doubling its store count in Massachusetts to four.
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 Flagg RV?
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