Champion Homes, or Champion Home Builders, is a mobile and modular home manufacturing company that operates as a subsidiary of the Skyline Champion Corporation.[1] It is one of the largest modular homebuilders in North America.[2] The company also provides factory-built housing to the United States and western Canada.[3] Champion homes has been a publicly held company for over 40 years, with shares listed on the New York Stock Exchange from 1995 to 2010.
Products
Champion Homes, a division of Champion Enterprise Holdings LLC, is primarily a manufacturer of mobile and modular homes, but they have also built travel trailers, RVs, campers, and commercial buses. Furthermore, Champion Homes has built modular homes for government applications. Champion Homes has acquired many brand names, including Caledonian Building Systems, Carolina Building Solutions, Commander, Dutch, Fortune, Highland Manufacturing, Homes of Merit, Moduline, New Era, New Image, North American, Redman, Silvercrest, SRI, Summit Crest and Titan. As of 2007 Champion Home Builders built over 1,000 homes a month, up from about 10 a month during their first year.[citation needed]. As of 2019 Champion Homes had built over 1,700,000 of factory-built homes, modular and park model homes across North America.[4]
History
Champion Homes was founded in 1953 as a single manufacturing facility in the small town of Dryden in rural Michigan by Walter W. Clark and Henry E. George.[5]
- In 2005, Champion was the first manufacturer to build privatized modular housing for the military.[5]
- In 2010, Champion filed for bankruptcy and was acquired by an investor group led by Centerbridge Partners, MAK Capital Fund LP and Sankaty Advisors and company lenders led by Credit Suisse.[6] The company later recovered.[7]
Today
Champion Homes is still headquartered in Michigan, but in Troy, Michigan rather than Dryden, and has over 30 manufacturing facilities located across the United States and Europe. Worldwide, Champion Homes employs over 5,000 people.[8]
In June 2018 Champion Enterprises Holdings LLC combined with Skyline Corporation to form the Skyline Champion Corporation.[9] Champion Homes now operates as a subsidiary of the Skyline Corporation. Skyline Corporation is listed on the NYSE under ticker "SKY."[9][1]
References
- ^ a b "Skyline and Champion Home Builders Announce Closing of Business Combination to Create Skyline Champion Corporation". www.businesswire.com. 2018-06-04. Retrieved 2020-12-09.
- ^ "About Champion". www.championhomes.com. Retrieved 2018-11-20.
- ^ "Skyline Champion Corporation Announces the Appointment of Michael Berman to the Board of Directors". Retrieved 2018-11-20.
- ^ Inc, Sprout Tiny Homes (2019-05-13). "Sprout and Champion Homes Collaborate on Production". GlobeNewswire News Room. Retrieved 2020-12-09.
{{cite web}}:|last=has generic name (help) - ^ a b "HOUSING". Retrieved 2018-11-20.
- ^ Champion Reaches $130M Asset Sale Deal
- ^ Stronger Champion Home Builders Back on Track
- ^ "Champion Home Builders Introduces Interactive Kitchen Design Visualization Sales Tool". PRWeb. Retrieved 2020-12-09.
- ^ a b "Skyline and Champion Home Builders Announce Closing of Business Combination to Create Skyline Champion Corporation". www.championhomes.com. Retrieved 2018-11-20.