Camping World Continues Expansion of RV Dealer Network with Planned Acquisition of Noble RV in Minnesota
Company set to expand market share in the Midwest with 4 new locations
LINCOLNSHIRE, Ill.–(BUSINESS WIRE)–
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), the nation’s largest network of RV and outdoor lifestyle – centric retail locations, today announced that an agreement has been signed to acquire the four existing dealership locations of Noble RV, in Owatonna, Madelia, Oronoco (Rochester area) and Jordan (Minneapolis area), Minnesota, with plans for the acquisition to close in December 2020.
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Camping World RV SuperCenter (Photo: Business Wire)
“For over 14 years, under the leadership of brothers, Mike and Pat Noble, Noble RV has established itself as one of the most successful and well-known RV dealership groups in Minnesota,” said Marcus Lemonis, Chairman of Camping World. “RV Business magazine has named Noble RV a Top 50 RV Dealer in North America multiple times and they have received numerous other awards and recognitions over the years. We look forward to them joining our Camping World RV family and continuing our market share expansion throughout the Midwest region.”
Camping World Holdings currently owns and operates over 160 SuperCenters nationwide, with most locations 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.
The acquisition of the four Noble RV dealerships brings the count of Camping World Holdings RV SuperCenters in the state of Minnesota to a total of eight; and this acquisition is in line with company’s future growth plans. The company expects to soon announce several additional markets for expansion throughout the country in 2021.
Lemonis continued, “I always look for three things: People, Process and Product in relation to enhancing our brand and presence, all of which are exemplified by Noble RV. Our goal is to add more quality manufacturers and brands, increase our presence in the market, and grow the workforce.”
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 with Camping World 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 160 locations in 36 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 results of operations and financial position, our capital return strategy, and expected dividend payments 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 June 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201112005190/en/
Karen Porter [email protected]
KEYWORDS: United States North America Illinois Minnesota
INDUSTRY KEYWORDS: Recreational Vehicles Automotive
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