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Camping World Holdings, Inc. (NYSE: CWH) has announced its agreement to acquire Carbon Emery RV, enhancing its dealership footprint in Utah to six locations. The acquisition, expected to close in Q2 2023, is strategically positioned along US Route 6, a key area near central Utah's national park corridor. CEO Marcus Lemonis stated this expansion will help solidify Camping World’s status as Utah's leading RV retailer by unit volume. The new SuperCenters will provide a variety of RVs and outdoor products, alongside Good Sam services, aimed at enhancing customer value and strengthening market presence.
Positive
Acquisition of Carbon Emery RV increases Utah locations to six, expanding market presence.
Strategic positioning along US Route 6 targets key national park corridor, likely boosting sales.
Anticipated growth in market share as Camping World aims for number one RV retailer status in Utah.
Negative
None.
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s Recreation Dealer, today announced an agreement to acquire Carbon Emery RV. This acquisition includes two dealerships conveniently located along historic US Route 6 between Provo and Interstate 70. It is anticipated to close in the second quarter of 2023 and will increase the Company’s Utah location count to six.
“Carbon Emery RV expands our presence into the important national park corridor of central Utah, and post-acquisition we expect to solidify our position as the number one RV retailer by unit volume in Utah,” said Marcus Lemonis, Chairman and CEO of Camping World.
Carbon Emery North Lot is located at 5129 N. Hwy 6, Helper, Carbon County, UT 84526. Carbon Emery South Lot is located at 4590 N. Hwy 6, Helper, Carbon County, UT 84526.
The new SuperCenters will offer a wide range of new and used RVs from top brands along with 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 acquisition, offerings of acquired locations, and our future market position. 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.
