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Camping World Holdings Inc (NYSE: CWH) has agreed to acquire Richardson’s RV Centers in California. The financial terms of the deal were not disclosed.
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The agreement includes eight locations in California and Indiana, five current dealership locations, one future dealership location, and two parts and service centers.
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The California locations will transition to the Camping World brand, bringing the company’s count to 12 RV dealerships and five parts and service centers in the state.
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“The Richardson’s top-notch management along with their solid team members are the primary reason we sought this deal,” said Chairman and CEO Marcus Lemonis.
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Camping World held $139.5 million in cash and equivalents as of March 31, 2022.
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Price Action: CWH shares closed lower by 3.52% at $26.06 on Friday.
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