LINCOLNSHIRE, IL--(Marketwired - Jan 19, 2017) - Camping World Holdings, Inc. (NYSE: CWH) ("Camping World"), the nation's largest network of RV-centric retail locations, announced a definitive agreement under which Camping World will acquire family-owned Jamatt RV in Poteau, Oklahoma.
Camping World currently operates two SuperCenters in Oklahoma City and Tulsa, and with the acquisition of Jamatt RV, is further expanding in eastern Oklahoma. "We are pleased to bring Jamatt RV into the Camping World family of industry-leading RV inventory, accessory products and knowledgeable people as we expand our market share in the state of Oklahoma," said Marcus Lemonis, Chairman and CEO of Camping World and Good Sam. "Owners Jason and Sandy Blake have built a strong business with an incredible employee base and with this acquisition, Camping World continues to solidify its position as the leader in RV and outdoor accessory sales in the United States."
"This agreement to acquire Jamatt RV represents an exciting new chapter for Camping World," said Brent Moody, Chief Operating Officer of Camping World and Good Sam. "Combining the companies not only creates market value, but the commitment to excellence and innovation that both companies share will significantly benefit customers and provide new opportunities for employees."
Added Moody, "The Blake family exemplifies Marcus' People, Process and Product philosophy as part of their first-class business and we look forward to building and expanding on the level of service their customers have grown accustom to."
About Camping World Holdings, Inc.
Camping World Holdings Inc. (NYSE: CWH) is the only provider of a comprehensive portfolio of services, protection plans, products and resources for recreational vehicle ("RV") enthusiasts. Through its two iconic brands, Camping World and Good Sam, the company offers new and used RVs for sale, vehicle service and maintenance along with more than 10,000 products and services through its retail locations and membership clubs. Good Sam branded offerings provide the industry's broadest and deepest range of services, protection plans, products and resources while the Camping World brand operates the largest national network of RV-centric retail locations in the United States with over 120 retail locations in 36 states and an e-commerce platform. With both brands founded in 1966, product and service offerings are based on 50 years of experience and customer feedback from RV enthusiasts.
For more information, visit www.CampingWorld.com.
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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.