Champion Homes, or Champion Home Builders, is a
mobile
Mobile may refer to:
Places
* Mobile, Alabama, a U.S. port city
* Mobile County, Alabama
* Mobile, Arizona, a small town near Phoenix, U.S.
* Mobile, Newfoundland and Labrador
Arts, entertainment, and media Music Groups and labels
* Mobile ( ...
and
modular home
A modular building is a prefabricated building that consists of repeated sections called modules. Modularity involves constructing sections away from the building site, then delivering them to the intended site. Installation of the prefabricated ...
manufacturing company that operates as a subsidiary of the Skyline Champion Corporation.
It is one of the largest modular homebuilders in North America. The company also provides
factory-built housing to the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
and
western Canada
Western Canada, also referred to as the Western provinces, Canadian West or the Western provinces of Canada, and commonly known within Canada as the West, is a Canadian region that includes the four western provinces just north of the Canada†...
. Champion homes has been a publicly held company for over 40 years, with shares listed on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed c ...
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 trailer
A caravan, travel trailer, camper, tourer or camper trailer is a trailer towed behind a road vehicle to provide a place to sleep which is more comfortable and protected than a tent (although there are fold-down trailer tents). It provides the ...
s,
RVs
A recreational vehicle, often abbreviated as RV, is a motor vehicle or trailer that includes living quarters designed for accommodation. Types of RVs include motorhomes, campervans, coaches, caravans (also known as travel trailers and camper ...
,
campers, and commercial buses. Furthermore, Champion Homes has built modular homes for
government
A government is the system or group of people governing an organized community, generally a state.
In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...
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.. As of 2019 Champion Homes had built over 1,700,000 of factory-built homes, modular and park model homes across North America.
History
Champion Homes was founded in 1953 as a single manufacturing facility in the small town of
Dryden
''
John Dryden (; – ) was an English poet, literary critic, translator, and playwright who in 1668 was appointed England's first Poet Laureate.
He is seen as dominating the literary life of Restoration England to such a point that the peri ...
in rural
Michigan
Michigan () is a state in the Great Lakes region of the upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the 10th-largest state by population, the 11th-largest by area, and the ...
by Walter W. Clark and Henry E. George.
* In 2005, Champion was the first manufacturer to build privatized modular housing for the
military
A military, also known collectively as armed forces, is a heavily armed, highly organized force primarily intended for warfare. It is typically authorized and maintained by a sovereign state, with its members identifiable by their distinct ...
.
* In 2010, Champion filed for bankruptcy and was acquired by an investor group led by
Centerbridge Partners
Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities.
The firm manages over $32 billion of assets , MAK Capital Fund LP and
Sankaty Advisors
Bain Capital is an American private investment firm based in Boston. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, and real estate. Bain Capital invests across a range of industry se ...
and company lenders led by
Credit Suisse
Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " ...
. The company later recovered.
Today
Champion Homes is still headquartered in Michigan, but in
Troy, Michigan
Troy is a city in Oakland County, Michigan, United States. Its population was 87,294 at the 2020 U.S. census, making Troy the most populous city in the county and the 13th most-populous municipality in the state. Troy is a northern suburb of Me ...
rather than
Dryden
''
John Dryden (; – ) was an English poet, literary critic, translator, and playwright who in 1668 was appointed England's first Poet Laureate.
He is seen as dominating the literary life of Restoration England to such a point that the peri ...
, and has over 30 manufacturing facilities located across the United States and Europe. Worldwide, Champion Homes employs over 5,000 people.
In June 2018 Champion Enterprises Holdings LLC combined with Skyline Corporation to form the Skyline Champion Corporation.
Champion Homes now operates as a subsidiary of the Skyline Corporation. Skyline Corporation is listed on the
NYSE
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest s ...
under ticker "SKY."
References
External links
Official websiteCompany overview at official website{{Authority control
Manufactured home manufacturers
Manufacturing companies based in Michigan
1953 establishments in Michigan
Manufacturing companies established in 1953
American companies established in 1953