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Forest River, Inc. was founded in 1996 by Peter Liegl [2] after purchasing certain assets of Cobra Industries, [3] where CEO Peter Liegl worked from 1985 to 1993. The company started by manufacturing tent campers, travel trailers, fifth wheels, and park models under the model lines Salem, Sierra, Sandpiper, Wildwood, Rockwood, Flagstaff, Summit, and Quailridge.
Presently, Heartland produces 20,000 units a year and is the 3rd largest 5th wheel manufacturer and 5th largest travel trailer manufacturer in the United States. [3] Catterton Partners, a Connecticut-based private equity firm that focuses on consumer business, made an equity investment in Heartland in February 2007. [4]
The deal was one of the largest in the history of the company and gave Thor a 25% market share in travel trailers and fifth wheels. [19] In 2003, it added Damon Motor Coach of Elkhart, Indiana which it purchased for $46 million in cash. Damon's park trailer subsidiary brand, Breckenridge, was also included in the deal. [20]
Then there's the Bowlus, a very expensive travel trailer that can be towed by a Porsche sports car, no pick-up truck required. Produced in the beach-front community of Oxnard, Calif., sporting 100 ...
The brothers started the company in a 5,000-square-foot (460 m 2) 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.
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