Camping World acquires Iowa business

LINCOLNSHIRE - Camping World Holdings Inc. said it will acquire Thompson Family RV L.C. in Davenport, Iowa.

Terms of the acquisition were not announced. Camping World anticipates closing the acquisition within the next 60y days.

Current arrangements are to commence operations upon finalizing the transaction, with renovation plans to feature a Camping World retail store and preparing the location to join over 120 other Camping World retail locations across the U.S.

Thompson Family RV was started by Charles W. Thompson in 1959, along with his children Mag, Gene and Jim. Continuing under the leadership of the Thompson family's third generation, Thompson Family RV has grown to one

of the Midwest's largest recreational vehicle dealers. RV Business magazine has named Thompson Family RV a Top 50 RV Dealer in North America multiple times and Thompson Family RV has received numerous other awards and recognitions over the years.

"Under the Thompson family's leadership and dedication, Thompson Family RV has established itself as one of the most successful, well-known and respected RV dealerships in the Midwest,'' said Marcus Lemonis, Chairman and CEO of Camping World and Good Sam. Lemonis added, ''The acquisition of Thompson Family RV will strengthen our footprint in the Iowa market and allow us to leverage the experience of the Thompson family management team, market knowledge and product lines to expand to surrounding markets, including additional Iowa and southern Illinois opportunities,

further increasing our market share and penetration of our Good Sam products, services and plans."

Lemonis added the company is acquiring property in Bloomington, IL for further expansion and actively searching for opportunities in Des Moines, IA, Dubuque, IA, Peoria, IL, Springfield, IL and Joliet, IL."