Camping World has announced its plans to acquire Hitch RV, a leading RV dealership in the Mid-Atlantic region. The acquisition includes three Hitch RV locations situated across Delaware, Pennsylvania, and New Jersey. The deal is expected to be finalized in the third quarter of 2023.
Marcus Lemonis, the CEO and Chairman of Camping World, expressed his enthusiasm about the acquisition, stating, “Hitch RV has been proudly serving the Mid-Atlantic region for over 15 years, and we’re excited to have Tim Waters join our management team as we expand in the Northeast. This acquisition brings us into Delaware for the first time, marking the entrance into our 43rd state, while adding to our leading market share positions in both Pennsylvania and New Jersey.”
The specific locations of the Hitch RV facilities are as follows: the Delaware facility is situated at 2152 Bay Road Route 1, Milford, DE 19963; the Pennsylvania facility is located at 890 Swinehart Rd, Boyertown, PA 19512; and the New Jersey facility can be found at 127 NJ-73, Berlin, NJ 08009.
Individuals interested in career opportunities with Camping World can apply for positions by visiting the company’s website at http://www.campingworldjobs.com/.
Camping World Holdings, Inc. is headquartered in Lincolnshire, IL, and is recognized as the largest retailer of recreational vehicles (RVs) and related products and services in the United States. With a vision to create a long-term legacy business that promotes the enjoyment and ease of RVing, Camping World and its subsidiary, Good Sam, have been catering to RV consumers since 1966. The company strives to deliver long-term value to customers, employees, and shareholders by offering a comprehensive range of RV products and services, maintaining a national network of RV dealerships, service centers, and customer support centers, and establishing a strong online presence. With a presence in 42 states and a highly trained team of employees, Camping World has become the go-to destination for all things RV-related.
The acquisition of Hitch RV reflects Camping World’s commitment to expanding its presence and services. By adding a location in Delaware, Camping World will extend its reach into its 43rd state. This strategic move further strengthens the company’s leading market share positions in both Pennsylvania and New Jersey.
Marcus Lemonis, known for his role as a celebrity CEO and his appearance on the CNBC show “The Profit,” brings his expertise and guidance to Camping World. Lemonis has a track record of investing in and advising troubled companies, which has contributed to his success in the business world.
In addition to the recent acquisition of Hitch RV, Camping World has also acquired dealerships in Washington state, further demonstrating its commitment to growth and expansion.
The recreational vehicle sales market experienced a surge during the COVID-19 pandemic but has since cooled down. This presents an opportunity for Camping World to acquire dealerships and capitalize on maintenance and other services while awaiting the next upturn in RV sales.
Hitch RV, located in Milford, Delaware, is positioned off northbound Bay Road (Route 1) between Springhill Drive and Milford Neck Road. The dealership offers a wide range of new RVs for sale, including travel trailers, fifth wheels, toy haulers, destination trailers, park model homes, and class A and class C motorhomes. They carry popular RV brands such as CrossRoads, Forest River, Gulf Stream, Heartland, Keystone, Palomino, Riverside, Shasta, Skyline, Thor Motor Coach, and more. Hitch RV also maintains a substantial inventory of used RVs across various types and price ranges. Serving customers in Delaware, Maryland, Pennsylvania, Virginia,