Camping World Holdings Inc. announced a proposed secondary offering of 6.7 million shares of its Class A common stock by certain selling stockholders of Camping World, which includes 6 million shares offered by certain affiliates of Crestview Advisors LLC and 700,000 shares by CWGS Holding LLC, a wholly owned subsidiary of ML Acquisition Company LLC.
ML Acquisition is indirectly owned by each of Stephen Adams, a member of Camping World’s board of directors, and Marcus Lemonis, Camping World’s chairman and CEO.
Additionally, the selling stockholders intend to grant the underwriters a 30-day option to purchase up to an aggregate of 1 million additional shares, which includes 900,000 shares offered by the Crestview Selling Stockholders and 105,000 shares offered by the CWGS.
Goldman Sachs & Co. LLC and J.P. Morgan are serving as joint lead book-running managers and as representatives of the underwriters for the offering. BofA Merrill Lynch and Credit Suisse are also acting as joint book-running managers for the offering. Baird, BMO Capital Markets, KeyBanc Capital Markets, Stephens Inc. and Wells Fargo Securities are acting as co-managers for the offering.
