According to a report in the Minneapolis Star-Tribune Gander Mountain and its Overton’s recreational boating business is being sold to Camping World Holdings Inc.
Bankruptcy court filings showed Camping World, the largest U.S. recreational vehicle dealers, and a group of liquidators reportedly won a bankruptcy auction for Gander, the reports said.The report indicates Camping World intends to continue to operate just 17 Gander Mountain stores and auction off the leases for more than 100 other sites.
There is no listing for the stores that will remain open, and it's unclear how the Tyler store will be impacted. Camping World is reportedly paying about $390 million for Gander. Their bid bested a competitive bid from Sportsman’s Warehouse Holdings.
Gander originally filed for bankruptcy in March. At that time it announced its plans were to quickly sell its assets. It said excessive inventory and about 160 underperforming stores led to the plan, the newspaper said.
When it announced its initial bankruptcy plan Gander said it was prepared to close stores nationwide including 10 in Texas. Those scheduled for closing then included stores in Houston, Killeen, Laredo, Lubbock, Round Rock, San Antonio, Sugar Land, Texarkana, Waco and West Houston