Camping World (CWH) has purchase select assets from Gander Mountain Company. The purchase includes 15.6 Million for inventory and over 22 million for Real Estate,IP Platforms etc.
“The structure of our deal provides much flexibility and will not only allow us to refine the inventory selection and select only those stores which are profitable or we believe have a clear path to profitability, but will also allow us to immediately offer our comprehensive portfolio of services, protection plans, products and resources to the existing Gander Mountain and Overton customer base and in stores in which we elect to operate,” notes Camping World CEO Marcus Lemonis.
Camping World is a recent IPO (2016) that was owned by Marcus Lemonis, star of the popular TV show, “The Profit”. It has a Market Cap of 2.6 Billion and operates as a REIT. Camping World also owns the popular “Good Sam Club”