All American Group
Defunct American motor vehicle manufacturer
From Wikipedia, the free encyclopedia
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.
Coachmen RV in La Crosse, Wisconsin | |
| All American Group | |
| Formerly | Coachmen Industries Inc |
| Founded | 1964  |
| Defunct | 2016 |
| Successor | Innovative Building Systems |
| Headquarters | Indiana , United States |
Area served | United States |
| Products |
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| Brands |
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| Revenue | $60.6 million (2009) |
Number of employees | 612 (2009) |
| Website | coachmen.com at the Wayback Machine (archived 2008-03-09) |
History
Coachmen Industries was founded by three brothers: Tom Corson, Keith Corson and Claude Corson. The brothers started the company in a 5,000-square-foot (460 m2) 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.[citation needed]
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]
