By Chuck Woodbury and Greg Gerber
ELKHART, Indiana, June 10, 2016 —Evergreen Recreational Vehicles has shut its doors, although company officials have not returned phone calls to confirm.
One source suggested that the company is seeking a buyout from another manufacturer.
According to a story published in The Elkhart Truth in January 2014, the company was founded in late 2008 by several former Pilgrim executives with the backing of two private investors.
People familiar with the situation told RV Daily Report that one of the investors withdrew his continued financial support several months ago and the company has been looking for additional funding since then.
RV Daily Report and The Elkhart Truth reached out to several EverGreen RV executives for comment, but none responded by press time to even deny the rumors.
EverGreen RV was the fastest-growing RV manufacturer in 2013, according to The Truth, which cited figures from Statistical Surveys.
Elkhart County Commissioner Terry Rodino told The Truth he heard from an “extremely reliable” source that the company had closed this week.
A story published by The Truth earlier this year noted that sales of EverGreen’s I-GO travel trailers grew by 104 percent among two-axle travel trailers in 2015. Market share also improved by 81 percent. “It is a great company, but they weren’t making any money and the investor pulled the plug,” one source explained.
Jared Farr, who works at a Michigan RV dealership, told The Truth that if the company indeed is going out of business, he’s worried customers who bought its products would be out of luck if their RV broke down, since a defunct company would not be able to fulfill a warranty.
Bob Biggs, who works at a dealership in Pierceton, Indiana, said EverGreen employees he knows told him this week they had been fired.
No one at the company picked up the phone when RVtravel.com called Friday afternoon. The company’s website said nothing about the closure.
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