LINCOLNSHIRE, IL--(Marketwired - Jan 3, 2017) - Camping World Holdings, Inc. (NYSE: CWH) ("Camping World"), the nation's largest network of RV-centric retail locations, announced the signing of a deal to acquire RV World of Georgia and further expansion in the Georgia market with its "side by side" business strategy.
Camping World is actively seeking opportunities to acquire quality dealerships with strong management, brand recognition and a solid customer base in markets where Camping World has an existing presence, with its "side by side" strategy. The acquired businesses will continue to be operated by Camping World under their legacy name.
"With our 'side by side' strategy we are aggressively pursuing opportunities to expand market share, grow our database and add additional distribution points for our Good Sam portfolio in our existing markets," said Brent Moody, Chief Operating Officer of Camping World and Good Sam. Added Moody, "The addition of RV World of Georgia will accomplish all three objectives and add the number two dealership in the state of Georgia to Camping World's established number one position."
"Mark Derrick has assembled a tremendous management team and established RV World of Georgia as one of the most successful, well-known and respected dealerships in the state of Georgia," said Marcus Lemonis, Chairman and CEO of Camping World and Good Sam. Lemonis added, "The acquisition of RV World of Georgia exemplifies our 'side by side' strategy and will fulfill each of our objectives -- increased market share, growth of our database and an additional distribution point for our Good Sam products and services."
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.
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.