If you’ve ever wondered what is Camping World, you’re not alone. There are a number of companies associated with the brand, including Good Sam Enterprises, Camping World Holdings, Lordstown Motors, and Gander Outdoors. However, one question that still remains unanswered is who owns it? Here’s a look. What is Camping World? What does it do? And what is it best known for?
Good Sam Enterprises
Camping World is a chain of retail campgrounds owned by Good Sam Enterprises. It has roots dating back several decades. Originally founded as a publisher of RV magazines, the company has since changed hands through several corporate parents. Before the IPO in 2016, Camping World was owned by Good Sam Enterprises, a holding company that had merged the magazine’s assets with other Good Sam Enterprises businesses. In 1997, the company purchased Camping World from founder David Garvin.
Since the Good Sam Club was founded, it has expanded to more than 1.5 million members in the U.S. and Canada, with attendance at RV gatherings rising to more than 500,000 people. Due to the increasing numbers, the number of RV gatherings has been limited, and Camping World and Good Sam Enterprises needed to reevaluate their options to meet the growing demand. The company has now expanded its services and locations, including the Campsites, Good Sam Rallies and Good Sam Club offices.
As of August 2013, the company owns more than 25 recreation-focused consumer shows in the U.S. The company acquired five outdoor shows from Odyssey Management, an Ohio-based marketer and organizer of RV, Boat and Sport Shows. The company is now the largest single producer of outdoor shows. The acquisition will help Good Sam expand its marketing segments and increase the variety of outdoor events in which it can showcase its products and services.
The Camping World brand offers more than ten thousand products. The company’s SuperCenters nationwide feature new RVs and used RVs from leading manufacturers. The company also offers membership benefits and a network of local RV chapters. As a member of the Good Sam program, customers can get discounts on propane, campgrounds and other products. The company also sponsors the NASCAR Camping World Truck Series. Camping World has become the Official RV and Outdoor Retailer of NASCAR.
The Good Sam Club is the world’s largest RV owners organization. Membership in the Good Sam RV Club is the most popular of these brands. It offers discounts at participating RV parks and stores, as well as free RV dump stations. Membership also includes roadside assistance and extended service plans. If you travel frequently, consider joining a membership in Good Sam’s RV Club. The membership fee for the Good Sam RV Club is well worth the money.
Camping World Holdings
Camping World Holdings, Inc. is an American corporation that sells recreational vehicles, parts, and services. They also sell camping supplies. The company is based in Lincolnshire, Illinois. The company was founded in 1961 and employs more than 10,000 people. Today, the company is one of the largest companies in the industry, and it has a presence in almost all fifty states. Its products include recreational vehicles, parts, and accessories, as well as camping supplies and equipment.
The company operates in two segments, RV and Outdoor Retail, and Good Sam Services and Plans. The RV and Outdoor Retail segment generates the company’s highest revenue. The company’s RV and Outdoor Retail segment includes both new and used recreational vehicles, as well as insurance and protection plans. It also provides RV services, including repairs and servicing. The company also operates the Coast to Coast Club. However, these two segments do not always complement each other.
As an example, the CEO of Camping World owns 47.1% of the company’s shares. He is not paid a salary and instead receives compensation in the form of dividend payments. Camping World’s dividend policy pays out two dollars per share a year, and these dividends are largely compensated by the excess tax payments from TRA. Also, the company recently increased its share repurchase program to $200 million.
The company has a complex shareholder structure and is biased toward its founders, which is detrimental to outside investors. It also has a muddy corporate structure. Because of its muddy corporate structure, the company’s EV/EBITDA is only about two percent higher than its enterprise value. Camping World’s management is committed to paying dividends and buying back shares in the open market, and the stock has a 15% annual growth rate.
The CEO of Camping World, Marcus Lemonis, speaks to the press at an event at Lordstown Motors in December 2020. Though he didn’t elaborate on the reason for the move, Lemonis emphasized that the company remains committed to the electric RV market. The company also expects to release additional details about the eRV soon. Until then, expect Lordstown to continue to innovate. Camping World plans to sell electrified RVs in late 2020 and 2021.
The two companies are collaborating on a nationwide service network for electric vehicles. Camping World has more than two hundred service centers across the country, and it will also use the Good Sam Roadside Assistance program. Camping World will also start servicing Lordstown Motors vehicles equipped with battery packs. The endurance pickup truck, which is in beta production, will be tested by Camping World dealers. The truck will also have Good Sam roadside assistance.
Earlier this year, the companies announced a partnership that would make electric RVs more affordable and more accessible to consumers. Lordstown Motors has said it wants to make an electric RV for families and fleets, and plans to use Camping World’s nationwide service locations. The company also hopes to develop a battery-powered pickup truck for the mass market. In the meantime, it plans to develop a lithium-ion battery pack for travel trailers, eliminating the need for noisy generators.
The partnership between Lordstown Motors and Camping World will lead to electrified travel trailers and RVs. The company’s platform is flexible enough to accommodate both companies’ vehicles. The Thor fifth-wheels will integrate the Lordstown battery into them. The two companies also plan to expand their service centers to support electrified vehicles. The company hopes to begin training its service centers for electrified vehicles in the near future.
Despite the challenges in electrifying vehicles, Camping World and Lordstown Motors will work together to create an electric motorhome. Camping World will also work with RV makers such as Forest River and Thor to develop battery packs. Ultimately, they hope to create an electric motorhome that will be affordable to consumers and the environment. It’s an important step forward for both companies. So, stay tuned for more news on this partnership.
There is a new lawsuit targeting Marcus Lemonis, the CEO of Gander Outdoors. The company bought Gander Mountain at a bankruptcy auction and re-launched the brand as Gander Outdoors. Plaintiff David Ronge filed the lawsuit seeking class action certification. Lemonis denied the allegations against him. He vowed to bring the lawsuit to court. In the meantime, he’s urging consumers to boycott Gander Outdoors.
While the company has not announced which locations will close, some analysts are predicting that the chain will close 27 former outdoor retail stores before the end of January. Camping World has also warned rival outdoor retail chain West Marine that it was “coming for you.” But the company’s CEO is sticking by his strategy. He acquired Gander Outlet and smaller retail chains last year, and plans to continue concentrating on recreational vehicles. The company previously warned West Marine to prepare for competition after it filed for bankruptcy.
While this might sound like an expansion of an already successful model, the strategy is still a long way from becoming a truly national brand. Gander Mountain’s name was dropped from the brand’s name, but it’s not too late for the company to reinvent itself. Moreover, Gander Outdoors’ name is now more recognizable than ever. However, that’s just the start. The company has spent a lot of money in technology and has set its sights on expanding its business.
The parent company of Gander Outdoors, Inc., purchased Gander Mountain’s assets in a bankruptcy auction in May 2017. The company plans to reopen several Gander Mountain stores under the Gander Outdoors banner. In the meantime, it plans to bring back relevant products and services for outdoor enthusiasts. And, yes, there’s no word on whether or not the Gastonia location will be reopened. However, there are some hints that Gander Outdoors will remain.
The company purchased Gander Mountain for $37 million in October 2017. Along with this acquisition, the company also acquired Uncle Dan’s, Earth Sports LLC dba Erehwon Mountain Outfitters, and Rock/Creek Outfitters. After all of these deals, Camping World has a diversified portfolio of industry-leading brands. The company recently plans to add more organic stores to its retail chain. Aside from the brand Gander, it also has a strong e-commerce platform.