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2002 – 2020
MacAndrews & Forbes: Renco's long hold ended in a venture. On 20 August 2004 Ronald Perelman's MacAndrews & Forbes formed a joint venture with the Renco Group that gave Perelman 70 percent of AM General. The venture held the company through the Hummer brand's peak and death, the MV-1 and R-Class chapters, and the sale of the commercial plant — the whole civilian unwinding happened under Perelman-era ownership, and the military core outlasted it.
KPS Capital Partners: In July 2020 KPS Capital Partners, a private-equity firm specializing in manufacturing businesses, acquired AM General from the MacAndrews & Forbes and Renco interests. KPS is the owner under which the JLTV recompete was bid and won, and it remains the owner in the present-state record below. A boundary line completes the corporate picture: the company's headquarters has stood in South Bend since 1986, when it moved from Livonia, Michigan — an earlier course through Detroit and Southfield belongs to the boundary record — and the headquarters' own telling belongs to the South Bend file. The plants, the workforce, and the product are Mishawaka's; they are this section's whole subject.
Sources:
- Transaction record — the 20 August 2004 MacAndrews & Forbes / Renco joint venture at 70 percent; the July 2020 KPS Capital Partners acquisition.
- Company reference histories — the headquarters course: Detroit/Southfield, Livonia 1984, South Bend 1986 (boundary).