Posted | 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.
Could anyone say Michigan's Adventure? It's practically the only cedar fair park aside from Cedar Point that doesn't have a morgan hyper! Plus, the owners of MA were rumored to be planning one for 2002 anyways!
That's one amusing family!
Ok, I'll stop my corney jokes :)
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Rollercoasters are the secret of life!
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Wouldn't using Chance Industries as a subcontractor be collusion?
What is the history of Morgan, now?
They started as Arrow , making carousels, then branched into coasters and flats, split after the Huss deal(?) and began making carousels. Then they made coasters again. Now, they get bought by the son of a flat ride maker, who also makes... yes carousels.
Interesting. Sounds a bit like PTC, in a way.
D.H. Morgan sounds so much better then "Chance Morgan Coasters." It's going to take awhile for me to get used to that name.
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SFGAm Trip - July 13-17, 2001
The founder of D.H. Morgan is the son of the founder of Arrow Dynamics. Now the son of the founder of Chance is starting his own company by buying out D.H. Morgan hence creating Chance Morgan Coasters. The only reason he is using the name Chance again in an amusement based manufacturing company is because his last name is oviousely the same as his fathers.
*** This post was edited by arrowfreak on 7/9/2001. ***
Chance is a well respected brand name in the business too. Few parks out there don't have at least SOMETHING by Chance. If this helps Chance Industries stay afloat, and the Morgan branch keeps making coasters, it's a good thing all around.
Wolf, subcontracting work to a company that you have a financial stake in is not illegal or collusion.
Collusion exists only where outside influence (i.e. family ties) affects awardsing of contracts that were put out for closed bids.
In this case CMC sub-contracting work to CI is just considered a "strategic partnership".
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"It's Deja Vu all over again." - Yogi Berra
Actually that was pretty good Kirby.
Everybody add CMC to their coaster acronym list!
-Nate
It's nice to hear about a family member trying to help out another family member.:)
But really people,why have a great company like Morgan help out a low down company like Chance.
It's no secret in the amusement park industry that Chance out priced themselves out of the market,then again it could end up with some nice package deals for parks in general.:)
As for the 200ft Mamba type coaster,I guess the rumors were right about Cedar Fair scaling down the 215ft hyper that MA was suppose to be getting.
It just makes sense Cedar Fair didn't want to build anything that would overshadow a coaster at Cedar Point.:(
What I don't have an answer to is this:
Since Morgan has been up for sale since April, does that mean that Dana Morgan is retired or is he still active? I thought he was in his late 40's early 50's.
Also, Is Steve Okomoto (the designer of Magnum and lead designer at Morgan) still currently the lead designer?
The article did say they were able to retain the engineers, I assume Okomoto is a part of that. As for Morgan, I did think he was a "young" guy, in the sense of not being retirement age.
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Jeff
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