Camping World Holdings, Inc. (NYSE: CWH), known as the world’s largest recreational vehicle (RV) dealer, is set to solidify its presence in Minnesota and Missouri with the acquisition of Roth RV and Youngblood RV, respectively. The company’s CEO, Marcus Lemonis, believes these strategic moves will further augment Camping World’s position in the ever-growing RV market.
Announcing the acquisition of Roth RV, which has three locations in Bemidji, Grand Rapids, and Deerwood, Minnesota, Camping World expects the transaction to be completed in the second quarter of 2024. Currently operating eight locations in Minnesota, this acquisition will bring Camping World’s Minnesota location count to an impressive 11. Lemonis emphasizes that this expansion will allow the company to cater to a broader customer base and meet the increasing demand for RVs and related services in the state.
Similarly, Camping World is set to acquire Youngblood RV in Springfield, Missouri, with the transaction scheduled to close in the first quarter of 2024. With existing locations in Missouri, this acquisition will boost Camping World’s presence in the state, further solidifying its market share and paving the way for potential growth opportunities. Lemonis identifies Springfield as a key market, and the addition of Youngblood RV supports the company’s expansion strategy in the region.
These acquisitions reflect Camping World’s commitment to fulfilling its vision of providing exceptional customer service and being the go-to destination for all things RV. By strategically expanding its footprint, the company aims to leverage its scale, resources, and expertise to enhance the overall RV ownership experience for consumers.
As the RV market continues to thrive, driven by a desire for outdoor adventures and the flexibility of home on wheels, Camping World has been capitalizing on the industry’s momentum. With the surge in demand for RVs during the COVID-19 pandemic, the company experienced unprecedented sales growth. These acquisitions are a testament to Camping World’s ambition to further capitalize on this trend and solidify its position as a market leader.
The company’s CEO, Marcus Lemonis, has been instrumental in shaping Camping World’s growth strategy. He is recognized for his passion for entrepreneurship and his role as a star investor on the hit television show The Profit. Lemonis believes these acquisitions will not only expand the company’s geographic reach but also enhance its ability to serve customers at a local level.
Camping World’s acquisition of Roth RV and Youngblood RV represents an important milestone for the company and the RV industry as a whole.
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