Camping World announces its largest acquisition
LINCOLNSHIRE - Camping World Holdings Inc. Monday said it has agreed to acquire Richardson's RV Centers, the largest acquisition in company history. The deal will make Camping World the No. 1 recreation vehicle dealer in California, the company said.
Financial terms of the acquisition were not disclosed.
The agreement includes eight locations in California and Indiana: five current dealership locations, one future dealership location, and two parts and service centers.
The California locations will transition to the Camping World brand and bring the company current count to 12 RV dealerships and five parts and service centers in the state, with a future RV dealership coming soon. The Indiana location will convert to Camping World's RVs.com brand and provide a digital and factory direct experience for customers nationwide.
"We know the Richardson's RV Centers add immediate value for our customers, as an iconic family brand that has been providing exceptional service to RVers for over 30 years," said Marcus Lemonis, CEO and chairman of Camping World.
Camping World, headquartered in Lincolnshire, is America's largest retailer of RVs and related products and services with more than 185 locations in 42 states.