StockNews.AI
CWH
StockNews.AI
197 days

Camping World Acquires the Assets of Three Locations in Delaware, Pennsylvania, and New Jersey

1. Camping World acquired Hitch RV, expanding to Delaware, its 44th state. 2. The acquisition reflects a strategy to increase dealership locations and conversion. 3. Marcus Lemonis emphasized M&A growth in a robust market for RV dealerships.

M&A
-3.2%Current Return
VS
-0.67%S&P 500
$23.0902/03 07:48 AM EDTEvent Start
$22.3502/03 08:12 PM EDTLatest Updated
6m saved
Insight
Article

FAQ

Why Bullish?

The acquisition signifies growth potential, similar to past successful deals.

How important is it?

Growth through acquisitions impacts market perception and long-term financial stability.

Why Short Term?

Immediate revenue from new locations may boost stock performance soon.

Related Companies

CWH
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Camping World Holdings, Inc. (NYSE: CWH) (“Camping World” or “Company”), the World’s Largest Recreational Vehicle Dealer, today announced that it has closed on the asset purchase of Hitch RV, with three locations in Delaware, Pennsylvania, and New Jersey. Upon the completion of certain facility renovations, the Company intends to open these locations throughout the first quarter. Marcus Lemonis, Chairman and CEO of Camping World, commented, “The acquisition of Hitch RV represents our first location in Delaware, marking the entrance into our 44th state. These locations are another example of widening our acquisition funnel by identifying targets that allow for conversion to Manufacturer Exclusive locations, and we expect to continue to capitalize on today’s robust dealership M&A environment.” 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. Through Camping World and Good Sam brands, our vision is to build a business that makes RVing and other outdoor adventures fun and easy. We strive to build long-term value for our customers, employees, and stockholders 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 associates serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of highly specialized services and plans, including roadside assistance, protection plans and insurance, uniquely enables us to connect with our customers as stewards of an outdoor and recreational 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 pace of growth, timing of location openings, benefits from the announced acquisition, and product offerings at 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 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, 2023. 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.

Related News