Camping World Announces Deal to Acquire Russ Dean RV in the Pasco, Washington Market
Jul. 11, 2018
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Jul 11, 2018--Camping World Holdings, Inc. (NYSE: CWH) (“Camping World” or the “Company”), the nation’s largest network of RV-centric retail locations, today announced that it has signed an agreement to acquire Russ Dean RV located in Pasco, Washington.
“Over the past 40 years, Russ Dean RV has established itself as a successful and well-known RV dealership in the state of Washington,” said Marcus Lemonis, Chairman and CEO of Camping World Holdings. “We are pleased to announce this acquisition and look forward to the continued expansion of our market share throughout the Pacific Northwest.”
Camping World recently announced the planned expansion of its RV sales locations by more than 30% through the launch of Gander RV Sales, new store openings and continued acquisitions. The acquisition of Russ Dean RV is in line with the Company’s future growth plans.
Camping World currently operates three Washington locations in Burlington, Spokane and Fife, with services ranging from RV sales, service and retail accessories. With the acquisition of Russ Dean RV, the company will increase its Washington presence to four stores.
“Our goal with this acquisition is to continue adding quality manufacturers and brands, increase our presence in the market and expand the distribution of our Good Sam portfolio of products and services,” said Brent Moody, Chief Operating Officer of Camping World. “We continue to successfully execute our expansion strategy and we believe adding Russ Dean RV to our dealership network will strengthen our position in the Pacific Northwest region.”
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 the leading outdoor and camping 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 145 RV centric 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, business strategy and plans and objectives of management for future operations 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 those described in our filings with the Securities and Exchange Commission. 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/20180711005196/en/
CONTACT: For Camping World Holdings, Inc.
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS WASHINGTON
INDUSTRY KEYWORD: OTHER CONSUMER OUTDOORS TRAVEL TRANSPORTATION AUTOMOTIVE RECREATIONAL VEHICLES RETAIL SPECIALTY GENERAL AUTOMOTIVE CONSUMER SPORTS
SOURCE: Camping World Holdings, Inc.
Copyright Business Wire 2018.
PUB: 07/11/2018 09:00 AM/DISC: 07/11/2018 09:01 AM