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 .
Tue Nov 22, 2016
Camping World Holdings Inc. has announced an agreement to acquire Thompson Family RV L.C. in Davenport, Iowa.
Camping World anticipates closing the acquisition within the next 60 days. Current arrangements are to commence operations upon finalizing the transaction, with renovation plans to feature a Camping World retail store and preparing the location to join more than 120 other Camping World retail locations across the U.S.
Thompson Family RV was started by Charles W. Thompson in 1959, along with his children Mag, Gene and Jim. Continuing under the leadership of the Thompson family's third generation, Thompson Family RV has grown to one of the Midwest's largest recreational vehicle dealers. Thompson Family RV has been named as Iowa's Top 100 Workplaces by the Des Moines Register and being awarded the Integrity Award by the Greater Iowa, Quad Cities and Siouxland Region Better Business Bureau, by exemplifying the highest standards of business ethics and conduct.
"We look forward to joining the nation's leading RV network and adding ever increasing value to our customers," Thompson Family RV CEO Mark Thompson says. "We sincerely thank our family, employees and loyal customers for making Thompson Family RV what it is today."
Chad Tappendorf acted as advisor to Thompson Family RV on the transaction.