Investor group MHC Group Inc. has purchased the assets of MountainHigh Coachworks, a Class A motorhome and fifth-wheel manufacturer that was foreclosed by its lender during March.
MountainHigh was foreclosed by Deutsche Financial Services, which sold the assets to MHC.
Terms of the transaction were not revealed.
The principals of MHC are Don Beran and Gordy Hakes. Beran was an executive at the Coleman folding camper operation during the 1970s and has been an owner, officer and investor in several RV manufacturers since then. Hakes, of Painted Post, N.Y., has been involved in the RV industry for 35 years as a dealer, manufacturer and member of the board of directors of several RV firms.
MHC will continue building Pinnacle- and Residency-brand gas engine Class A motorhomes, Summit-brand diesel engine Class A’s and Travel Eze-brand fifth-wheels.
Initially, MHC will build units at the former MountainHigh plant in Ontario, Calif. Plans for relocation “to a new, more modern facility are being formulated,” according to the company.