HBF Investments, an Iowa-based investment firm, purchased Dodgen Industries, the company that owns and produces Born Free, a manufacturer of Class C motorhomes and commercial units, according to Brandon Dodgen.
An investment group recently purchased Dodgen Industries, a manufacturer of commercial units and class C motorhomes. Photos courtesy of Dodgen Industries.
With the acquisition, Jeff Butler, who previously worked as head of engineering at Dynamax, will take over the role as president at Humboldt, Iowa-based Dodgen Industries. Financial terms of the deal were not disclosed.
Dodgen said that the move is part of an attempt by Dodgen to expand its production and scope, and that the rest of the Born Free manufacture staff will remain the same.
“We’ve been looking for some funding to kind of take us to the next level – to expand our operations. We were talking to them about investment, and they said they’d just like to purchase the entire company,” he said.
Born Free makes the Triumph, pictured, as well as other class C models and commercial units. Click image to enlarge.
Dodgen said the new ownership is still planning how they’ll move forward, or in which ways the company would expand.
“We’re still in the very early stages, but that’s what we hope to hash out in the next couple of weeks,” he said.
In addition to motorhomes, the company, founded in 1946, makes commercial units that include police command centers, and mobile ambulatory units.
“There’s definitely a market for our product, but we just didn’t have the financial wherewithal to market our product and this is going to allow us to do that,” Dodgen said. “We’re going to continue to do the same market, but also explore new markets and new products.”