Chance acquires D.H. Morgan

Posted Monday, July 9, 2001 5:06 AM | Contributed by Jeff

Michael Chance, the son of Dick Chance who owns Chance Industries, has acquired D.H. Morgan Manufacturing, the firm responsible for coasters like Mamba, Wild Thing, Steel Force and Steel Dragon. The new company will be called Chance Morgan Coasters. Michael Chance intends to send some work to his father's company which is currently reorganizing under chapter 11 bankruptcy protection.

Read more from The Wichita Business Journal.

Monday, July 9, 2001 5:30 AM
did this just get finalized? Because I remember hearing about this quite a long time ago.

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The Pens will win the Stanley Cup in 2002!
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Monday, July 9, 2001 5:33 AM
Who bought who? Did Morgan buy Chance, or Chance buy Morgan?

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Rollercoasters are the secret of life!

http://www.woodencoaster.com
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Monday, July 9, 2001 5:42 AM
Chance bought D.H. Morgan.
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Monday, July 9, 2001 5:55 AM
Well, this is actually great news! Chance was filed for Chapter 11 Bankruptcy, but now that they bought out DH Morgan, their awesome flat rides will still be made! All right! I can't imagine what will happen when Morgan Hypercoasters and Chance flat rides mix.

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KoЯn Rules! I just came out to feed!
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Monday, July 9, 2001 6:10 AM
I can imiagine, a flat ride that takes you up 200 feet in the air.
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Monday, July 9, 2001 6:16 AM
Jeff, I sent you this story last month. You don't get Amusement Business? Shame on you!
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Monday, July 9, 2001 6:26 AM
Actually, it's a little more complicated than simply Chance buying Morgan...

In reality it is Micheal Chance who is buying Morgan Manufacturing. Chance Industries has no interest in Chance-Morgan Coasters, but Mr. Chance presumably does have some interest in Chance Industries. That way, if I understand it correctly, the acquisition doesn't add to Chance Industries' financial troubles.

Sounds like it should be a pretty good deal all the way around, though...!

--Dave Althoff, Jr.
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Monday, July 9, 2001 6:37 AM
No, I don't get AB. It wouldn't do my any good because I can't link to the articles, and I can't cut and paste because that's copyright infringement.

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Jeff
Webmaster/Admin - CoasterBuzz.com
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Monday, July 9, 2001 6:50 AM
They said they have been contracted to build a hyper for a "major theme park".
Read the article in the middle. Could this be SFWoA's supposed hyper?

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Rollercoasters are the secret of life!

http://www.woodencoaster.com
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Monday, July 9, 2001 7:01 AM
oh god... god of coasters was taken over by a bankrupt company? We screwed now... (lol)
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Monday, July 9, 2001 7:01 AM
Nah, it's for HersheyPark :)

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"A little nonsense now and then is relished by the wisest men" - Willy Wonka: Willy Wonka and the Chocolate Factory
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Monday, July 9, 2001 7:12 AM
So when are they building their 200ft Toboggan? hehe
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Monday, July 9, 2001 7:12 AM
"Chance Morgan Coasters?"

Nah - I'll chance Intamin coasters (bada bum)Thanks - drive safely.

Seriously though - interesting choice of names, isn't it?
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Monday, July 9, 2001 8:15 AM
Read it again, cous_2000, then read RideMan's post. Morgan was not bought by the bankrupt company, but rather a relative. There is a difference.

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Jeff
Webmaster/Admin - CoasterBuzz.com
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Monday, July 9, 2001 8:18 AM
A zipper-coaster!

Wait a minute! How do you buy a company and expect a judge to approve your bankrupcy?

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Yeeee Haaawwww! *** This post was edited by janfrederick on 7/9/2001. ***
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Monday, July 9, 2001 8:48 AM
It's NOT Michael Chance who's "bankrupt", it's his father's COMPANY. Michael's free to buy anything he want's, but Chance Industries presumably couldn't buy anything beyond "normal business operations" materials, supplies, etc. I do think the name Chance is a drawback in the industry, but some rides (Chaos, e.g.) are really a "sure thing" when they arrive at your home park!
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Monday, July 9, 2001 9:01 AM
Could be even for Michigan's Adventure. :)

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Welcome to Deja Vu...home of the world wide wait.
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Monday, July 9, 2001 9:50 AM
There are 2 separate companies. Chance Morgan Coasters is owned by Michael Chance and is based in California. His father, Dick Chance, owns the financially strapped Chance Industries based in Kansas. Michael Chance is going to use his father's company, Chance Industries, as a sub-contractor for Chance Morgan Coasters projects. The money Chance Morgan gives to Chance Industries for its part as a sub-contractor will help his father's company Chance Industries financially.
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Monday, July 9, 2001 10:11 AM
The article said the support structure would be built on site...hmm this could explain the strang tent in PGAs land clearing....
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