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 an agreement to acquire the Outlet Recreation dealership based in the Fargo market. This acquisition marks the Company’s first location in North Dakota, with plans for the deal to close in December 2020.
“We are well-positioned to remain a leader in the RV industry as it continues to evolve,” said Marcus Lemonis, Chairman of Camping World. “The addition of Outlet Recreation in Fargo will allow us to expand our footprint into the state of North Dakota while continuing to deliver a high standard of customer service and integrity in the industry.”
Located in West Fargo, ND off I-94, Outlet Recreation offers a wide range of new and used travel trailers, fifth wheels and motorhomes from top manufacturers and brands. This acquisition is in line with the Company’s future growth plans.
"I'm proud of the network that Camping World has built over the last few years, and we are not even close to reaching our potential," continued Lemonis. “As we enter our 38th state, we are laser focused on being in all 48 continental states by the end of 2021, which will help us execute our goal of selling RVs seamlessly online, to complement our physical retail locations.”
Camping World currently owns and operates over 160 SuperCenters nationwide, 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.
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 37 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.