M&A Deal Summary

Champion Enterprises Acquires Redman Industries

On January 1, 1996, Champion Enterprises acquired real estate company Redman Industries from Wingate Partners

Acquisition Highlights
  • This is Champion Enterprises’ 1st transaction in the Real Estate sector.
  • This is Champion Enterprises’ 1st transaction in the United States.
  • This is Champion Enterprises’ 1st transaction in Texas.

M&A Deal Summary

Date 1996-01-01
Target Redman Industries
Sector Real Estate
Buyer(s) Champion Enterprises
Sellers(s) Wingate Partners
Deal Type Add-on Acquisition

Target

Redman Industries

Dallas, Texas, United States
Redman Industries was the third largest producer of manufactured housing in the United States.

Search 214,356 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Champion Enterprises

Suite 1000, Michigan, United States

Category Company
Founded 1953
Sector Construction
Employees4,100
DESCRIPTION

Champion Enterprises, Inc., together with its subsidiaries, produces and sells factory-built housing in the United States and western Canada. It also produces steel-framed modular buildings in the United Kingdom for use as prisons, military accommodations, hotels, residential units, and other commercial applications. On May 23, 2011, Champion Enterprises Inc. went out of business as per its Chapter 11 liquidation filing under bankruptcy.


DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1996 M&A 1 of 1

Seller(S) 1

SELLER

Wingate Partners

Dallas, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1987
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Wingate Partners is a turnaround investment firm that purchases controlling stakes in troubled manufacturing, distribution and service businesses headquartered in the US. Wingate looks to acquire under-performing companies, profitable businesses in changing or out of favor industries, and companies with incomplete management teams. Target businesses typically have revenues between $50 and $250 million. Wingate will not invest in banking, insurance, real estate, media, natural resources, and high technology. Wingate Partners was formed in 1987 and is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 23
Sector: Real Estate M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 10
State: Texas M&A 1 of 7
Country: United States M&A 2 of 23
Year: 1996 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-10-17 AmeriStat

Coon Rapids, Minnesota, United States

AmeriStat Mobile Medical Services to acquire scheduled patient transport ambulance companies. AmeriStat acquired ten companies and established several regional hubs, achieving the leading market share position in Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-01 Century Products Co.

Macedonia, Ohio, United States

Century Products Company was acquired by Graco Children's Products, Inc. Century Products Company manufactures infant and juvenile products. Its products include plastic baby carriers, circular walkers, plastic car seats, infant car seat/carriers, car seat/strollers, and stroller/car seat travel systems.

Sell -