The largest U.S. recreational vehicle dealer, Camping World Holdings Inc (CWH.N), and a group of liquidators won a bankruptcy auction for sporting goods retailer Gander Mountain Co [GDMIN.UL] on Friday, according to a bankruptcy court filing.
The value of the winning bid was about $390 million, according to people familiar with the matter who requested anonymity to discuss the details of the auction results. The Camping World-led group bested a going-concern bid for Gander Mountain from rival Sportsman’s Warehouse Holdings Inc (SPWH.O), the sources said.
Camping World, which is run by Marcus Lemonis, a star on CNBC TV’s reality show “The Profit,” plans to operate at least 17 Gander Mountain stores as a going concern, the sources said. An auction for Gander Mountain’s remaining more than 100 leases will be held later, the sources said.
