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, bringing the company’s count to 12 RV dealerships and five parts and service centers in the state.
“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.
Camping World held $139.5 million in cash and equivalents as of March 31, 2022.
Price Action: CWH shares closed lower by 3.52% at $26.06 on Friday.
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