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AAmerica, Inc. history
AAmerica, Inc. company history timeline
The root of the financial ills stretched back to a reverse merger Doskocil completed with the billionaire Bass brothers in 1983.
Founder James Aronson founded Transport Corporation of America in 1984.
1984: Transport Corporation of America begins operations.
The company's profit margins began to shrink and its net income began to slip in 1985, as competitors made up lost ground and began to approximate Doskocil Companies' processing technology and productivity.
In Transport America's first full year of operation in 1985, it recorded $15 million in revenues.
In 1986, gross margins and net income slid downward again, causing company officials to grow anxious. "We're no longer five years ahead," Doskocil confided to reporters in reference to the wide lead the company had had over competitors in terms of cost advantage. "Not even three years," he mused.
Although the company's profitability problems were not completely eliminated, management felt confident enough about the company's position to entertain an enormous acquisition in 1988.
Doskocil Companies filed for bankruptcy in 1990 after flourishing for nearly three decades.
By 1993 Transport America's expanding fleet pushed the company to purchase a new, larger headquarters building in Eagan.
Hewing to this new course of development, management began reshaping the company in earnest in 1994.
1994-98: Going Public and Financial Growth
In 1994 Transport America went public as the Transport Corporation of America, Inc.
Another promising statistic was that the ratio of operating expenses to revenue for the year was down from previous years--91.2 percent, compared with 92.3 percent in 1994.
In May 1995, the company sold the retail pork division it had acquired seven years earlier in the Wilson Foods deal.
By June 1995, the company's operating revenue grew some 12.5 percent, gains due again to growing business from existing customers.
After reorganizing and then changing its name in 1995, the company emerged as FoodBrands America, with more than 1,600 products comprising its product line.
The first quarter of 1995 showed Transport America with noticeably improved earnings.
With no core business, FoodBrands America was involved in numerous, profitable niche markets that generated $835 million in sales in 1996.
In the first quarter of 1996 the company recorded double-digit growth in revenue.
Transport America continued to resist declining business trends in the transportation industry through 1996.
In August 1997 CEO James Aronson was recognized by Twin Cities Business Monthly magazine as one of a small number of Minnesota entrepreneurs of the year.
In 1997, FoodBrands America joined forces with meatpacking conglomerate IBP inc.
Unlike recent years, Transport America experienced some financial difficulties in 1999, with earnings falling below expectations in the last quarter.
1999: Company acquires Robert Hansen Trucking; founder James Aronson dies of cancer at age 61.
Third quarter net earnings were $478,000 (0.7 percent of operating revenues), compared with $1.6 million (2.2 percent of operating revenues) for the same quarter in 2000.
2001: Michael Paxton is named president and CEO; Robert Meyers heads offshoot Techgistics.
Please note, BackStory ended production in June 2020.
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AAmerica, Inc. competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Riverside Furniture | 1946 | $200.0M | 900 | - |
| TIMBERLINE HOMES | - | $11.7M | 20 | 3 |
| Elk Grove Ford | 1983 | $12.0M | 58 | 1 |
| Dorsch Ford Lincoln Kia | 1970 | $1.3M | 250 | 1 |
| Premier Auto Center | 2007 | $27.0M | 175 | 22 |
| Family Auto Mart | 1993 | $450,000 | 6 | 7 |
| Abbey Carpet and Floor | 1958 | $15.4M | 20 | - |
| JN Automotive | - | - | 170 | - |
| Aardvark | - | $700,000 | 7 | - |
| The Hinckley Company | 1928 | $200.0M | 740 | 61 |
AAmerica, Inc. history FAQs
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AAmerica, Inc. may also be known as or be related to A-America Inc and AAmerica, Inc.