The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Fri Sep 30, 2016
You may know Marcus Lemonis from the television show The Profit on CNBC. But you may not know that he also is Chairman and CEO of the corporation Camping World Holdings, which specializes in camping equipment and RV parts and services through their 107 retail stores and 18 dealerships.
Now he and his multibillion dollar company are gearing up for an IPO which could raise them $260 million. Although Lemonis has an excellent history of making deals with small businesses, this could be the biggest equity deal he's ever done.
According to the prospectus, about $200.4 million of the proceeds from the IPO will be used to pay a portion of the company's outstanding debt and the rest will be used for general corporate purposes. There is, of course, mention of placing proceeds into investment instruments pending their use, however there is nothing of substance in the prospectus that indicates the proceeds will be used for any type of corporate development initiatives, such as acquisitions.
Additional Information: http://seekingalpha.com/article/4009304-camping-world-ipo-will-marcus-lemoniss-biggest-deal-yet