The acquisition solidifies Camping World as the number 1 RV dealership in California
LINCOLNSHIRE, Ill., May 23, 2022–(BUSINESS WIRE)–Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), America’s recreational retailer, today announced an agreement to acquire Richardsons RV Centers. The acquisition of Richardson’s RV Centers is the largest acquisition in company history and strengthens Camping World’s position as the number 1 RV dealership in California. The agreement includes eight locations in California and Indiana: five current dealer locations, one future dealer location, and two parts and service centers.
“Richardson’s world-class management along with their solid team members are the primary reason we pursued this deal,” said Marcus Lemonis, CEO and Chairman of Camping World Holdings. “As an iconic family brand that has been providing exceptional service to motorhomes for over 30 years, we know that Richardson motorhome centers bring immediate value to our customers.”
California locations will transition to the Camping World brand, increasing the company’s current number to 12 RV dealerships and five parts and service centers in the state, with a future RV dealership to follow shortly. The Indiana location will transition to our RVs.com brand, offering a digital factory direct experience to customers across the country. SuperCenters offer a wide selection of new and used RVs from top manufacturers, as well as a full line of RV and outdoor products and accessories, as well as the full portfolio of Good Sam products and services.
About Camping World Holdings, Inc.
Headquartered in Lincolnshire, IL, Camping World Holdings, Inc. is (together with its subsidiaries) America’s largest retailer of RV and related products and services. Our vision is to build a long-term legacy business that makes RV travel fun and easy, and our Camping World and Good Sam brands have been serving RV customers since 1966. We strive to create long-term value for our customers, employees and shareholders to create by combining a unique and comprehensive range of RV products and services with a national network of RV dealers, service centers and customer service centers together with the most comprehensive online presence in the industry and a highly qualified and knowledgeable team of employees who bring the RV market to our customers Lifestyle provide , 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 lifestyle. With over 185 locations in 42 states, Camping World has become one of the premier RV travel destinations. Visit www.CampingWorld.com for more information.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Camping World and other matters. All statements other than statements of historical fact contained in this press release may be forward-looking statements. Statements regarding our future expansions, acquisitions and store openings are forward-looking statements. In some cases, you can identify forward-looking statements by words such as “may”, “will”, “should”, “expects”, “plans”, “anticipates”. ”could” ”intends” ”goals” ”projects” ”considers” ”believes” ”estimates” ”projects” ” “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 could 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 differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties affecting our business, including those described in our filings with the Securities and Exchange Commission (“SEC”), including under the heading “Risk Factors” in our Annual Report on the form we filed 10-K year ended December 31, 2021, with the SEC February 24, 2022, and our other reports filed with the SEC. These forward-looking statements speak only as of the date of this release. Except as required by law, we do not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. However, we encourage you to consult any additional disclosures we make on related topics in our public filings and filings with the SEC.
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