Excel Homes Group, LLC, in Camp Hill, PA, was a manufacturer of custom modular homes in the United States.[1] According to the company, Excel Homes built more than 28,000 modular homes in its climate-controlled plants in Liverpool, Pennsylvania and Avis, Pennsylvania, since its founding in 1984. Excel Homes designed and manufactured custom modular homes for more than 400 home builders in a footprint that spanned from Maine to South Carolina and as far west as Ohio. On May 16, 2016, Excel Homes filed for Chapter 7 bankruptcy, which meant the company would be liquidated, leaving 280 people unemployed in Liverpool alone.[2]
 | |
| Company type | Custom Modular Home Manufacturer |
|---|---|
| Founded | 1984 |
| Defunct | 2016 |
| Fate | Bankruptcy |
| Headquarters | , |
Area served | Eastern United States |
Key people | Steve Scheinkman, President and CEO |
Number of employees | 800+ |
| Website | excelhomes.com |
Excel Homes’ products and manufacturing process were covered in both the trade and mainstream media, including features on the History Channel’s Modern Marvels in 2009 and ABC-TV’s Extreme Makeover: Home Edition in 2010.[citation needed]
History
edit1984 – The company that was known as Excel Homes begins manufacturing modular homes at the Liverpool, PA, manufacturing facility.
1997 – Ed Langley and Perry Bolton purchase the Liverpool facility and create Excel Homes, Inc., on October 23.
2004 – Excel Homes is recapitalized with major investment from Huron Capital Partners.
2007 – A newly installed corporate leadership team introduces an aggressive five-year strategic plan designed to increase market share for Excel Homes despite the housing industry’s current downturn.
2008 – Manufacturing facilities are added in Marlboro, New York and Oxford, Maine.
2010 - Ownership passes to H.I.G. Capital, walking away from previous owner's debts.
2014 - Steve Scheinkman and Jeffrey Samson buy a majority stake from H.I.G., becoming majority shareholders in Innovative Building Systems, Excel's parent company. H.I.G. becomes minority shareholder.
2015 - Excel web site begins mailing updates again after a hiatus of a few years.
2016 - Excel Homes filed for Chapter 7 liquidation.[citation needed]
See also
editReferences
edit- ^ "Modular Homes Network - Excel Homes". Retrieved 2009-07-01.
- ^ Cody Butler (17 May 2016). "Employees of "Excel Homes" ask what's next". pahomepage.com.
External links
edit- Excel Homes - Excel Homes corporate site.
- blog - Excel Homes blog
- Homes Plant - A photographic tour of the Excel Homes Liverpool, PA plant.
- Excel Homes on Site - A photographic tour of an Excel Home being set on a foundation.