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re: Used bay boat: What could I get with a budget of $25k-$30k
Posted on 3/19/13 at 5:07 pm to subMOA
Posted on 3/19/13 at 5:07 pm to subMOA
quote:
I'm sorry, but this strategy from a business perspective would be laughable considering that Ranger's bass boat market is markedly larger than their bay market would ever be.
quote:
Bay boats outsell bass boats here 4-1, more so closer to the coast. - Pat Goff longtime salesman for Champion
and yes I know all about Mountain Home to Genmar to Platnium Equity;
quote:
Genmar Holdings Inc. purchased the assets of Champion Boats Inc. and moved them (equipment used in the manufacturing of bass and bay boats) from Mountain Home, Ark., to become part of Genmar's bass boat group in Murfreesboro, TN in March 2002. Genmar bought Champion's assets at auction for $2 million.The trade names Champion and Back Country Boats were included in the acquisition.
June 1, 2009 - Genmar Holdings, Inc. (Genmar) announced that it has filed for Chapter 11 reorganization protection in the U.S. Bankruptcy Court.
January 8, 2010 - California-based Platinum Equity has purchased "essentially all the assets" of Genmar Holdings for $70 million. Platinum purchased a total of 11 brands, including Ranger, Stratos, Champion, Wellcraft, Four Winns, Larson, Glastron and others.
Genmar ceases to exist 1/20/2010. Jan. 20 is marked as the closing date for the Genmar bankruptcy sale. Genmar Holdings, Inc. is officially dissolved.
May 26, 2010 - Platinum Eqiuty announced that 3 models of boats will be marketed as "Champion Elite series by Stratos." The models are the 210, 202, and 183. Same molds, hulls and striping, along with a Stratos sticker on the side. The new Stratos Champion Elite Series boats to be built in Flippin, Ark. with production to start in July 2010. Warranties of existing Champion boats in dealer inventories to be honored.
This post was edited on 3/19/13 at 5:16 pm
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