GENMAR HOLDINGS INC.
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Genmar Holdings, Inc. was founded in 1978 and is headquartered in Minneapolis, Minnesota with additional offices in Little Falls, Minnesota; and Cadillac, Michigan.
Was the second largest manufacturer of recreational motor boats.
Jun 2009 Genmar Holdings files for bankruptcy.
PRESS
California-based Platinum Equity Group’s PBH Marine Group said it had bought the brands out of bankruptcy in 2010, purchasing essentially all of the assets of Genmar Holdings for $70 million. PBH purchased 11 brands, including RANGER, STRATOS, CHAMPION, WELLCRAFT (and SCARAB), FOUR WINNS, LARSON and GLASTRON.
WEB: http://www.genmar.com/brands.cfm
Major transactions
- In 2001, Genmar sold Hatteras Yachts to Brunswick Corporation in an $80M cash transaction.
- In 2010, PBH Marine Group bought 11 brands, including Ranger Boats, Stratos Boats, Champion, Wellcraft, Four Winns, Larson and Glastron out of bankruptcy for $70 million.
- Platinum Equity bought the Ranger and Stratos lines of business in February 2010.
- The Carver Yachts and Marquis Yachts assets were purchased for $6.05 million by J&D Acquisitions LLC, a company created by former Genmar owner Irwin Jacobs, along with investor John Paul DeJoria.
PRESS