Bloomberg News – Nielson RV selling to Camping World Holdings

Camping World Expands Operations in Southern Utah and Acquires Nielson RV
March 10, 2021, 4:25 PM EST
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ST. GEORGE, UT / ACCESSWIRE / March 10, 2021 / Scott Nielson, mainly known for
his business, Nielson RV, sold his company with all its assets, inventory,
land, and improvements to Camping World (NYSE:CWH), the largest RV retailer
and publicly traded RV company in the nation. Marcus Lamonis, CEO of Camping
World Holdings INC, announced its latest purchase and addition to the Camping
World chain.

Lamonis is also featured on his reality show The Profit and has made his mark
in St. George with the acquisition of Nielson RV, which profoundly dominated
the RV space in the region. Nielson RV grew to three stores before Nielson
moved his family out of state. The company had future plans to expand into
Salt Lake City and Las Vegas before the CWH acquisition.

Nielson was a 100% stakeholder in the corporation, and with the sale, he has
agreed to a non-compete for five years. As for what Camping World forked out
to acquire Nielson RV, it is equivocal. Total inventory exceeded $20 million
historically, and land and building were valued at approximately $12 million.
As for the business legacy, assets, parts, furniture, fixtures, and equipment,
their value has not been disclosed, and when Nielson was asked regarding the
price, he did not comment.

Most CWH acquisitions are strictly confidential. However, the transaction was
substantial, as Nielson owned KSCO investments, LLC, which was the RV
inventory and real estate company that held the assets. The transaction
included all of Nielson’s locations, including his RV storage facilities and
dealership in Hurricane.

Nielson RV was on track to generate $50 million in revenue in 2018. The
Southern Utah locations averaged approximately $30 million in annual revenue
and employed up to 100 employees at their peak.

Nielson has been involved with the startup of several companies in the area.
For the past 25 years, he has operated a construction development company
called Nielson Development, building residential housing and commercial
projects throughout Washington County, including erecting both Nielson RV
facilities. In 1997, Nielson and his brother, Mike Nielson, incorporated
Hurricane Valley Auto Mall INC, which moved into RV sales shortly thereafter
and changed to Nielson RV in 2006.

“Nielson RV is one of the top performing dealerships in the country in terms
of real estate size and revenues. In past years, it ranked as high as #4 in
the state of Utah. Nielson RV has placed #1 year after year in Southern Utah,”
according to https://statisticalsurveys.com/samples/, a third party company
that records DMV registrations in the United States.

Nielson said that outselling most of the bigger dealers in Salt Lake City was
a major feat since the population in the city compared to that in Washington
County was so much greater. When interviewed, Nielson gave the credit to his
manager, Katie Leavitt, to his employees, and to the community. “I cannot
thank my team enough for helping me grow our company into such a success in
Southern Utah. I could never have done it without their dedication.”

Nielson has been involved in several community events and has donated money to
the local police and fire departments and to families in the area who have
been ravaged by tragic circumstances, including cancer and loss of loved ones.
He also believes deeply in supporting veterans and fought for them when a
large flag controversy broke out in the area and went viral on social media.

Nielson has founded and co-founded numerous other companies in Utah, including
SKRE Gear, a hunting clothing apparel line. Mike Nielson left Nielson RV in
2015 to oversee operations at SKRE. The performance gear is sold in several
countries, including New Zealand, Australia, Canada, and Russia.

Before moving his family to Haiku, Maui, in 2018, Scott Nielson sold his stake
in SKRE Gear.

Additional successful companies founded by Nielson include Nielson Power
Systems (NPS), an RV onboard generator company that was established in 2012.

Nielson’s dream was to disrupt an industry monopolized by ONAN CUMMINS, which
at the time was the sole supplier of RV onboard generators. That dream became
a reality with the exclusive contract NPS signed with Forest River Industries,
a manufacturer and Warren

Buffet-owned entity under the Birckshire and Hathaway company. Nielson sold
his remaining stake in the entity to Michael Wand and outside investors in
2019. He also sold his residential arm of the development company to Daniel
Sanger, who operates under the Solaris development name, SolarisUt.com.

When asked what’s next for Scott Nielson, he replied, “Glampers Inn.” His
ambition is a tall order to fill, as he stated his desire is to build the
largest, most luxurious RV resort-chain in Southern Utah and to then branch
out from the Midwest to the West coast.

After the creation of a private equity company named Red-Sand Capital (RSC), a
family equity group, he intends to take the company public. The first of many
resorts, he says, is already underway. The approved master-planned RV resort
will feature several amenities, including a waterpark and WIBIT. Currently, he
is working with Marco Martinez from Ocala, Florida, to accomplish this vision.

Martinez has been Nielson’s consultant for many years in the RV dealership
world and is the author of many books and articles.

The duo will now take flight into the RV resort Industry. Nielson mentioned he
is also working on a solar-hydrogen generator that he believes will ultimately
become the future of RV power generation.

While Nielson remains as busy as ever, he still makes time to help other
aspiring entrepreneurs as much as possible. He donates to Innovation Plaza at
Dixie State University so that entrepreneurs young and old can get their ideas
off the ground. “I care deeply about the startups in the St. George area,” he
says. “No matter how loaded my schedule gets, I will drop everything I am
doing to help someone get their start like I did.”

Media Contact:
Shazir Mucklai
Imperium Group
Imperiumgrouppr.com
getstarted@imperium-pr.com

Imperium Group
Imperium Group is an American public relations and marketing consultancy firm
known for getting its clients on Forbes. Imperium Group PR, “Reviews are so
essential and so is customer satisfaction,” founded in 2016 by Shazir Mucklai.
Imperium Group specializes in Google Knowledge Panels and generates over 15
million impressions a month for its clients.

SOURCE: Nielson RV

View source version on accesswire.com:
https://www.accesswire.com/634802/Camping-Wor
ld-Expands-Operations-in-Southern-Utah-and-Acquires-Nielson-RV

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