Thousand Trails

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Thousand Trails is a membership campground company operating private trailer park and campground resorts (referred to as "preserves" in company parlance) in the United States and Canada. As of 2010, the company claimed to have 130,000 "member families" and over 80 preserves in 22 states and the Canadian province of British Columbia. [1] Members typically pay a one-time membership fee and annual dues to use Thousand Trails campgrounds, which tend to cater to the owners of recreational vehicles. Over the years, Thousand Trails has offered different types of memberships. Some memberships allow members to stay for more continuous days at a campground and grant access to a greater number of total campgrounds.

History

The company was founded by Milt Kuolt in 1972 with one campground in Chehalis, Washington. Kuolt would go on to found the airline Horizon Air, which he sold in 1986 to Alaska Airlines. In 1979, Kuolt made Thousand Trails a publicly traded corporation. [2]

In 1991, Thousand Trails and another membership campground company, NACO (National American Corporation) both came under the umbrella of the newly formed USTrails, Inc. (which took the name Thousand Trails, Inc., in 1996). [2] Concurrent with this consolidation, USTrails filed for Chapter 11 bankruptcy in May 1991. [3]

In 1999, Thousand Trails, Inc., purchased the holding company that owned Leisure Time Resorts of America, Inc., a network of ten membership campgrounds in Washington and Oregon. [4] Since that time, ownership has changed repeatedly: the private equity firm of Kohlberg & Co. purchased Thousand Trails for $113 million in 2003, [5] Privileged Access Gp. Corp. of Frisco, Texas bought it in 2006, [6] and Equity Lifestyle Properties bought it in 2008. [7]

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References

  1. "1000trails.com".
  2. 1 2 "fundinguniverse.com".
  3. New York Times, Jan. 10, 1992, page D4
  4. "highbeam.com".[ dead link ]
  5. New York Times, May 1, 2003, page C4
  6. "woodalls.biz". Archived from the original on 2011-07-06. Retrieved 2010-06-28.
  7. "woodalls.biz". Archived from the original on 2011-07-06. Retrieved 2010-06-28.