Camping World Acquires RV Dealership In Vermont For Undisclosed Sum

Camping World Holdings Inc CWH has acquired Recreational Vehicle (RV) dealership in St. Albans City, Vermont, for an undisclosed sum.
The deal is expected to close later this summer.
The property will undergo a full renovation and expansion with an anticipated opening in mid to late 2022.
The location will be the retailer’s first facility in Vermont.
The location will include a wide range of new and used RVs from top manufacturers, in addition to a full range of RV and outdoor products and accessories.
“We continue to march towards our goal of operating a recreational dealer platform in the 48 contiguous states,” said CEO Marcus Lemonis.
Camping’s cash and equivalents totaled $256.8 million as of March 31, 2021.
Price action: CWH shares are trading lower by 2.40% at $37.84 on the last check Tuesday.