Camping World Closes on Purchases of 2 Lazydays Stores – RVBusiness – Breaking RV Industry News
LINCOLNSHIRE, Ill. – Camping World Holdings, Inc. (NYSE: CWH) (“Camping World” or “Company”), the World’s Largest Recreational Vehicle Dealer, today announced that it has closed on the asset and real estate purchase of Lazydays in Murfreesboro, Tennessee, and it closed on the asset purchase of Lazydays in Vancouver, Washington. The Company expects to close on additional locations in the coming weeks.
The news comes 17 days after Camping World closed on the asset and real estate purchase of Lazydays in Surprise, Ariz., and the announcement in November last year that it would be acquiring seven stores from Lazydays.
“This completes the first batch of location closings, with more anticipated in the coming weeks,” stated Marcus Lemonis, chairman and CEO of Camping World. “We expect these locations to contribute meaningfully to our market share momentum in each respective state, bringing top OEM brands and a more traditional RV product mix that aligns with our strategic priorities. We expect to continue to capitalize on today’s robust dealership M&A environment.”
Stock Titan provided analysis of these acquisition closings:
Camping World Holdings (CWH) has closed on strategic acquisitions of Lazydays locations in Tennessee and Washington, representing the first phase of what appears to be an opportunistic consolidation play amid Lazydays’ bankruptcy proceedings. This move demonstrates CWH’s aggressive expansion strategy as it capitalizes on distressed assets in the RV dealer market.
These acquisitions are particularly well-timed from a strategic perspective. The RV industry has faced significant headwinds since its post-pandemic boom, with many dealers struggling with excess inventory and reduced consumer demand. By acquiring established locations with existing customer bases and premium real estate, CWH can expand its geographic footprint without the higher costs of greenfield development.
CEO Lemonis’ reference to a “robust dealership M&A environment” suggests a buyer’s market where CWH can negotiate favorable terms. The company’s focus on locations with “top OEM brands and a more traditional RV product mix” indicates a strategic shift toward higher-margin product categories and away from the entry-level units that have seen the most significant sales declines.
From a financial perspective, these acquisitions should provide immediate revenue contributions with minimal integration risk, as CWH has extensive experience absorbing competitor locations. The company’s ability to leverage its superior inventory management systems, financing relationships, and Good Sam membership ecosystem across newly acquired locations typically creates meaningful synergies.
For investors, this expansion reflects CWH’s counter-cyclical growth strategy – acquiring assets at potentially discounted valuations during industry downturns to position for stronger market share when the RV market eventually recovers. The company’s continued consolidation in a fragmented industry strengthens its competitive moat and potentially improves economies of scale in purchasing, marketing, and operations.
For more information, visit www.CampingWorld.com.
