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SRC Holdings history
SRC Holdings company history timeline
A new entity, SRC Holdings Corporation, was formed on December 27, 1982, to carry out the acquisition.
1982: Plant managers lead the buyout of Springfield ReManufacturing.
If you'd been able to invest $1,000 in SRC in 1983, you'd have about $4 million today.
Springfield ReManufacturing Corp. stock that started in 1983 at $0.10 per share has increased in value of over 360,000% today.
Workers and management gathered after work at nearby Joann's Expressway Lounge, noted Inc. in a 1986 profile.
One of these, Engines Plus, was founded in 1986 with just $60,000.
1986: A turnaround is in evidence; annual sales amount to $42 million.
Inc. had named him CEO of its executive "Dream Team." He began giving summer lectures at MIT's Sloan School of Management around 1992.
By 1995, this had given rise to about a dozen new companies, including Megavolt (manufacturer of generators, alternators, and starters) and NewStream Enterprises (engine rebuilding kits).
Still Growing After 2000
The Engines Plus unit sold its original oil cooler business to SRC Heavy Duty around 2004 in order to focus on producing small industrial power generators.
When his daughter, Meghan Chambers, launched a women's clothing store in Springfield in 2004, she refused to open her books, despite her father's pleas.
Late in 2008, for instance, SRC's automotive unit, which was remanufacturing car engines for General Motors and boat engines for Mercury Marine, was caught in the economic downdrafts of the financial crisis.
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Zippia gives an in-depth look into the details of SRC Holdings, including salaries, political affiliations, employee data, and more, in order to inform job seekers about SRC Holdings. The employee data is based on information from people who have self-reported their past or current employments at SRC Holdings. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by SRC Holdings. The data presented on this page does not represent the view of SRC Holdings and its employees or that of Zippia.
SRC Holdings may also be known as or be related to SRC, SRC Holdings and SRC Holdings Corporation.