Camping World Set to Acquire Two Locations in Louisiana, Sets Stage for Goal of Being #1 in the State
Camping World Holdings, Inc. (NYSE: CWH) is set to acquire Bent’s RV, with two locations in Boutte and Albany, Louisiana, increasing the Company’s Louisiana location count to four. The transaction is expected to close in the second quarter of 2024. Camping World aims to increase its dealership count to over 320 locations in the next five years through acquisitions, new store openings, and manufacturer exclusive locations.
The acquisition of Bent's RV by Camping World Holdings, Inc. represents a strategic expansion within the recreational vehicle (RV) industry. This move is indicative of Camping World's aggressive growth strategy to solidify its market leadership. From a market research perspective, the increase in dealership count, particularly in a targeted region like Louisiana, suggests Camping World is strengthening its regional footprint. This could potentially improve market share and customer reach, which are critical factors for revenue growth in a retail-driven business.
Considering the RV industry's cyclical nature, which often correlates with economic conditions and consumer discretionary spending, this expansion could be viewed as a positive signal of Camping World's confidence in the market's prospects. However, the timing and success of this strategy will depend on broader economic trends, including travel and leisure spending post-pandemic. The expansion also raises questions about market saturation and the balance between growth and profitability, which stakeholders should monitor closely.
The announcement of Camping World's acquisition of Bent's RV is likely to have financial implications for the company and its investors. The transaction, slated for the second quarter of 2024, may affect the company's liquidity and leverage in the short term due to the capital outlay for the acquisition. Investors will be keen on understanding the deal's financing structure and its impact on Camping World's balance sheet.
In the long term, the strategic acquisition could lead to revenue diversification and increased economies of scale, potentially improving margins. It is essential to evaluate how this acquisition aligns with Camping World's overall financial strategy and whether it will deliver the intended return on investment. Stakeholders should also consider the acquisition's timing, as it may coincide with economic cycles that could influence the RV market's performance and, consequently, the company's financial outcomes.
The expansion of Camping World through the acquisition of Bent's RV can be analyzed from an economic standpoint, focusing on industry and consumer trends. The RV industry is sensitive to economic fluctuations, as it is tied to consumer confidence and disposable income levels. The planned acquisition, therefore, reflects Camping World's assessment of future economic conditions and its projection of sustained or increasing consumer demand in the leisure and travel sectors.
Moreover, the move could stimulate local economies in Louisiana through job creation and increased business activities. However, it is crucial to consider the potential risks, such as economic downturns or shifts in consumer preferences away from RV travel, which could dampen the expected benefits of the acquisition. An economist would also examine the competitive dynamics of the RV market, assessing whether Camping World's growth through acquisition might lead to antitrust concerns or alter the competitive landscape in a way that affects consumer choices and prices.
01/04/2024 - 07:30 AM
LINCOLNSHIRE, Ill. --(BUSINESS WIRE)--
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), the World’s Largest Recreational Vehicle Dealer, today announced that it is set to acquire Bent’s RV, with two locations in Boutte and Albany, Louisiana . The transaction is anticipated to close in the second quarter of 2024 and will increase the Company’s Louisiana location count to four.
Marcus Lemonis, Chairman and CEO of Camping World commented, “The acquisition of Bent’s RV further builds our presence around New Orleans as we drive towards the #1 spot in Louisiana . We continue to be focused on our goal to increase our dealership count to over 320 locations over the next five years, through a combination of acquisitions, new store openings, and manufacturer exclusive locations.”
Individuals interested in applying for a position with Camping World 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. Our vision is to build a long-term legacy business that makes RVing fun and easy. Our Camping World and Good Sam brands have been serving RV consumers since 1966. We strive to build long-term value for our customers, employees, and shareholders 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 employees serving our customers, the RV lifestyle, 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 the RV 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 the closure of and benefits from the announced acquisition, future store count, future market position, 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 the risk that the acquisition may not close on the timeline expected or at all, as well as the other important 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, 2022. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240104809706/en/
Brett Andress
InvestorRelations@campingworld.com
Media Outlets:
PR-CWGS@CampingWorld.com
Source: Camping World
What is the latest acquisition announcement by Camping World Holdings, Inc. (NYSE: CWH)?
Camping World Holdings, Inc. (NYSE: CWH) is set to acquire Bent’s RV, with two locations in Boutte and Albany, Louisiana.
When is the expected closing date of the acquisition by Camping World Holdings, Inc. (NYSE: CWH)?
The transaction is anticipated to close in the second quarter of 2024.
What is the goal of Camping World Holdings, Inc. (NYSE: CWH) in terms of dealership count in the next five years?
Camping World aims to increase its dealership count to over 320 locations over the next five years through a combination of acquisitions, new store openings, and manufacturer exclusive locations.
Where can individuals apply for a position with Camping World Holdings, Inc. (NYSE: CWH)?
Individuals interested in applying for a position with Camping World may visit http://www.campingworldjobs.com/.
