Camping World Set to Acquire Mount Comfort RV, Premier Dealer Adds Strength to #1 Position in Indiana

Rhea-AI Summary

Camping World Holdings, Inc. is set to acquire Mount Comfort RV in Greenfield, Indiana, increasing its Indiana location count to three. The transaction is expected to close in Q4 2023.

Positive

• Acquisition of Mount Comfort RV will strengthen Camping World's position in Indiana.

Negative

• None.

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), the World’s Largest Recreational Vehicle Dealer, today announced that it is set to acquire Mount Comfort RV in Greenfield, Indiana, predominantly selling Forest River, Coachmen, Tiffin, Newmar, and Winnebago products. The transaction is anticipated to close in the fourth quarter of 2023 and will increase the Company’s Indiana location count to three.

Marcus Lemonis, Chairman and CEO of Camping World commented, “Mount Comfort is one of the premier RV dealers in America. They bring expertise and talent which help strengthen our already number one position in Indiana.”

Individuals interested in applying for a position may visit http://www.campingworldjobs.com/.

About Camping World Holdings, Inc.

Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is the World’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 43 states, Camping World has grown to become the prime destination for everything RV. 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, including statements about the expected timing of the closure of and benefits from the announced acquisition, future financial results, future market position, and product offerings at existing and future locations. 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 acquisition may not close on the timeline 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230724124889/en/

Brett Andress

InvestorRelations@campingworld.com

Media Outlets:

PR-CWGS@CampingWorld.com

Source: Camping World

FAQ

What is Camping World acquiring?

Camping World is acquiring Mount Comfort RV in Greenfield, Indiana.

When is the transaction expected to close?

The transaction is expected to close in the fourth quarter of 2023.

How many locations will Camping World have in Indiana after the acquisition?

Camping World will have three locations in Indiana after the acquisition.

Where can individuals apply for a position?

Individuals can apply for a position at http://www.campingworldjobs.com/.