Camping World Holdings, Inc., a recreation dealer, has announced its plans to acquire Crain RV, a multi-location RV dealer in Arkansas. This acquisition is set to fortify Camping World’s position as the number one market player in Arkansas.
Crain RV operates in Benton, Springdale, and Little Rock, predominantly selling Jayco, Winnebago, Tiffin, Coachmen, and Forest River products.
The acquisition is expected to close in the fourth quarter of 2023, and Camping World intends to convert these locations into Manufacturer Exclusive dealerships upon completion of property and facility improvements.
Marcus Lemonis, Chairman and CEO of Camping World, commented on the acquisition, stating, “The Crain RV acquisition is an example of widening our acquisition funnel by identifying targets that allow for conversion to Manufacturer Exclusive locations. Our goal is to achieve 50% percent growth in our store count over the next five years.”
The RV industry in Arkansas has been growing steadily. Moix RV, another prominent player in the industry, operates facilities in Conway and Hot Springs. The company is committed to providing excellent customer service, further contributing to the growth of the industry in the state.
The Campgrounds & RV Parks industry in Arkansas is expected to grow an annualized rate to $82 million over the five years to 2023, according to IBISWorld.
The acquisition of Crain RV is a significant move for Camping World. It not only expands the company’s footprint in Arkansas but also strengthens its position as the leading RV dealer in the United States.
This acquisition is part of Camping World’s broader strategy to grow its store count and expand its market presence.
The RV industry in Arkansas is thriving, with several dealers operating across the state. These dealers offer a wide range of RVs and related services, catering to the diverse needs of RV enthusiasts.
The growth of the industry is expected to continue in the coming years, driven by the increasing popularity of RVing as a leisure activity.
The plan acquisition of Crain RV by Camping World is a testament to the growth potential of the RV industry in Arkansas. It reflects the increasing demand for RVs and related services in the state and the opportunities this presents for dealers like Camping World.
In addition to the acquisition, Camping World is also focusing on enhancing its online presence and customer support services.
The company’s comprehensive online platform and highly trained team of employees enable it to serve its customers effectively and efficiently.
The acquisition of Crain RV by Camping World is a significant development for the RV industry in Arkansas.
It not only strengthens Camping World’s market position but also contributes to the growth of the industry in the state. As the RV industry continues to grow, companies like Camping World are well-positioned to capitalize on the opportunities this presents.