Gander Mountain Has Been Purchased

Gander Mountain Has Been Purchased

After months of various reports and some speculation, Camping World Holdings Inc. has won the bankruptcy auction for Gander Mountain. The winning bid was $390 million. This bid was more than the going-concern bid from Sportsman’s Warehouse. The auction results require final approval from a U.S. bankruptcy court judge. 

Camping World plans to operate at least 17 Gander Mountain stores as a going concern. An auction for Gander Mountain’s remaining 100-plus leases will be held on a later date. There was no word on how this will affect individual stores. 

Camping World also receives all of Gander Mountain’s intellectual property and its Overton’s boating business.