All American Group
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All American Group (formerly Coachmen Industries) was an American company whose divisions produced pre-fabricated housing, recreational vehicles (RVs) and system-built homes.[1] Based in Elkhart, Indiana, it was founded in 1964 as Coachmen Industries. It was listed on the New York Stock Exchange (NYSE) under the symbol COA[2] until 2009, when it was delisted for failing to maintain continued NYSE listing standards.
History
Coachmen Industries was founded by three brothers: Tom Corson, Keith Corson and Claude Corson. The brothers started the company in a Script error: No such module "convert". plant in downtown Middlebury, Indiana producing 12 travel trailer models, 1 truck camper style and 80 truck caps. Since 1964, Coachmen Companies have produced nearly 600,000 recreational vehicles of all sizes and types.Script error: No such module "Unsubst".
Following a weakening U.S. economy and rising gas prices, sales within the RV industry dramatically reduced causing financial difficulties for the company.[3] In December 2008, the company sold all of the assets of its RV Group to Forest River, Inc.,[4] a unit of Berkshire Hathaway.[5] Following the sale of its recreational vehicles business, Coachmen Industries changed its name to All American Group in 2009.[6] In the same year, HIG Capital extended a $20 million 2-year financing arrangement to Coachmen Industries to support their working capital needs. The financing package comprised a convertible debt of $10 million and a revolving credit line of a further $10 million.[7]
Another division, All American Specialty Vehicles, a joint venture with ARBOC Mobility, manufactured ADA-accessible buses.[8] All American merged into Arboc in 2011.[9]
The company continued to operate in the modular housing business under the ALL AMERICAN HOMES and Mod-U-Kraf brand names. All American was acquired by Innovative Building Systems in 2011.[10] Innovative Building Systems subsequently filed for bankruptcy in 2016 and closed American Homes and Mod-U-Kraf.[11]
References
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External links
- Pages with script errors
- Pages using infobox company using trading name
- Pages using infobox company with a duplicate image
- Defunct motor vehicle manufacturers of the United States
- Vehicle manufacturing companies established in 1964
- Companies based in Elkhart County, Indiana
- Motor vehicle manufacturers based in Indiana
- 1964 establishments in Indiana
- 2008 mergers and acquisitions
- 2011 mergers and acquisitions
- Manufacturing companies disestablished in 2016
- 2016 disestablishments in Indiana