Camping World Holdings is a leading operator in the RV industry. Camping World is a multi-store dealership and retailer of RVs and outdoor accessories. It also provides financing, insurance, extended warranties, roadside assistance and clubs to RV owners.
Crestview became a partner at a critical juncture. We wouldn't be where we are today without their support and leadership.Marcus Lemonis, Chairman & CEO
Investing at the right point in the cycle
Crestview invested when the RV market was still suffering the effects of the global financial crisis. Unit sales fell by almost 50% during the crisis, before improving modestly in 2010. Camping World needed to refinance near-term debt maturities in a difficult environment. We proposed a unique investment structure that met the founder's needs and gave our funds significant downside protection through structural seniority and cash interest payments.
Re-aligning the business to drive growth
Crestview unified the management team to run Camping World’s three businesses as a single company. Crestview helped management consolidate operations and divest non-core assets, which created cost savings and cross-selling revenue synergies. Crestview also helped the company with a wholesale refinancing that simplified the capital structure and reduced interest costs.
Devising a strategy to drive share gains
In anticipation of positive macro trends, Crestview helped management design and implement an aggressive expansion strategy to exploit the company’s strong market position relative to its competitors. These efforts included new store openings, dealership acquisitions and adding new products and services focused on RV enthusiasts. The results have led to gains in market share.
TenCate Grass is a vertically integrated manufacturer, distributor and installer of artificial turf solutions for sports and landscaping applications. The Company serves customers in over 40 countries across North America, Europe, Asia, Oceania and Africa.
Content services company focused on visual special effects and post-production services.
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Congruex is a newly-formed company focused on consolidating the highly fragmented broadband network design, engineering, construction and maintenance services sector.
Interoute is an integrated network and enterprise services company that owns and operates an extensive fiber network and cloud services platform across Europe. The company operates one of Europe's largest physical fiber optic networks across 28 countries.
Prior to its sale in November 2012, OneLink was the sole provider of cable television services to the greater San Juan area and the largest provider of cable television services in Puerto Rico.
Viad Corp operates through two businesses: Pursuit and GES. Pursuit is a collection of attractions, lodges and hotels, and sightseeing tours in iconic locations. GES is a full-service live events company serving 70% of the Fortune 1000 in 75+ countries.
Cumulus is a radio broadcasting company in the United States, with a portfolio of over 450 FM and AM stations across 90 markets. It also operates a radio network division that produces and syndicates radio content for third-party stations.
WOW! is the sixth largest cable operator in the U.S., with over 770,000 customers in 19 markets across the Midwest and Southeast as of September 30, 2017. It offers a full suite of residential cable and commercial services including video, telephone and data.
NEP is the largest global outsourced provider of comprehensive live and broadcast production solutions, with leading market positions in the United States, Europe and Australia. It serves the premium sports, entertainment and live event production markets.
ICM Partners is one of the world’s leading talent agencies, representing clients across the entertainment world, including film, television, music, books, theater, broadcast, commercials, licensing, live entertainment, cinematography and costume design.
- Industrial Media produces and monetizes media content based on a portfolio of brands. The company's assets include an ownership interest in the rights to the IDOLS television franchise, the So You Think You Can Dance franchise, IPC and Sharp Entertainment.
At the time of Crestview's exit, Charter was the fourth-largest cable operator in the United States. It offers traditional cable video programming, high-speed Internet, broadband cable, telephone and other services to residential and consumer customers.
Prior to its acquisition by Time Warner Cable in February 2012, Insight was the ninth largest cable operator in the United States with a focus on Kentucky, Indiana and Ohio. It offered a full suite of products to both residential and commercial customers.