Camping World Set to Acquire RV Arizona Consignment Specialists
07 Agosto 2023 - 6:30AM
Business Wire
Establishes Platform and Plan for
Nationwide Rollout of Consignment Exclusive Locations and Improved
Consignment Process
Camping World Holdings, Inc. (NYSE: CWH) (“Camping World”), the
World’s Largest Recreational Vehicle Dealer, today announced that
it is set to acquire RV Arizona Consignment Specialists in El
Mirage, Arizona. The transaction establishes a platform and plan
for a nationwide rollout of consignment exclusive locations and
best practices integration into the Company’s existing dealership
locations with consignment sales. It is anticipated to close in the
fourth quarter of 2023.
The standalone consignment location is led by Marty Holman, a 25
year plus RV industry veteran who has excelled in roles ranging
from Chief Financial Officer of a multi-store dealership group to
owner-operator. Mr. Holman will spearhead the Company’s plan to
ramp up efforts around consignment sales. The Company believes
consignment units are an enhancement to its existing multi-year
goal to reach $3 billion of used RV sales annually. Over the
36-month period ending June 30, 2023, the Company has more than
doubled its used RV sales to just under $2 billion on a trailing
12-months basis.
Marcus Lemonis, Chairman and CEO of Camping World commented,
“Marty Holman and the RV Arizona team have built an industry
leading process around RV consignments, we expect to leverage these
skills to supercharge our existing consignment business, improve
returns on our used RV inventory, and further grow our used RV
business towards the previously stated $3 billion annual goal.” Mr.
Lemonis continued, “Growing our used RV business is one of our top
revenue objectives, and any time we can increase inventory turns
while reducing working capital, we believe it is win-win for our
shareholders.”
Individuals interested in applying for a position 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 42 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 timing of and benefits from statements about our future
business growth, anticipated store growth, strategic focuses, plans
and objectives of management, the expected timing of the closure of
and benefits from acquisitions and new store openings, products and
services offered at existing and 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230807729916/en/
Brett Andress InvestorRelations@campingworld.com
Media Outlets: PR-CWGS@CampingWorld.com
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