Genmar Holdings
{{Short description|1978 recreational motor boat manufacturer}}
Genmar Holdings, Inc. was the second largest manufacturer of recreational motor boats,{{cite news|last1=Janssen|first1=Peter|title=A Pastrami, and Hatteras to Go|url=https://books.google.com/books?id=-fitxomdn8UC&q=%22Wellcraft%22%20-wikipedia&pg=RA2-PA15|accessdate=28 August 2015|work=At the Helm|publisher=MotorBoating|date=July 1987}} founded in 1978.{{cite web|title=Company Overview of Genmar Holdings, Inc.|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=695300|publisher=Bloomberg Business|accessdate=26 August 2015}} It was headquartered in Minneapolis, Minnesota with offices in Little Falls, Minnesota and Cadillac, Michigan.
In 2009, the company filed for Chapter 11 Bankruptcy.{{cite news|title=Genmar Holdings files for bankruptcy|url=http://www.bizjournals.com/nashville/stories/2009/06/01/daily35.html|accessdate=28 August 2015|work=Industry News|publisher=Nashville Business Journal|date=4 June 2009}}
Holdings
It owned the Aquasport, Carver Yachts, Champion Boats, Crestliner, Glastron, Hatteras Yachts, Larson Boats, Lowe Boats, Scarab Boats, Trojan Yachts, and, Wellcraft brands.
=Major transactions=
- In 2001, Genmar sold Hatteras Yachts to Brunswick Corporation in an $80M cash transaction.{{cite news|title=Genmar Sells Hatteras Yachts|url=https://news.google.com/newspapers?id=rR4eAAAAIBAJ&pg=4111%2C6049209|accessdate=28 August 2015|publisher=Sarasota Herald-Tribune|date=25 October 2001}}{{cite web|url=http://www.thefreelibrary.com/Brunswick+Completes+Acquisition+of+Hatteras+Yachts.-a080601943|title=Brunswick Completes Acquisition of Hatteras Yachts|access-date=2015-08-28|archive-date=2016-03-05|archive-url=https://web.archive.org/web/20160305134037/http://www.thefreelibrary.com/Brunswick+Completes+Acquisition+of+Hatteras+Yachts.-a080601943|url-status=dead}}
- 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.{{cite news|title=Sale of Ranger, Stratos, Triton finalized|url=http://www.bassfan.com/docktalk_article/13476/sale-of-ranger-stratos-triton-finalized#.VeCZWNNVijE|accessdate=28 August 2015|publisher=BassFan|date=11 February 2015}}
- 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.{{cite news|title=Bass Pro Shops signs financing deal for Fishing Holdings|url=http://www.tradeonlytoday.com/2015/07/bass-pro-shops-signs-financing-deal-fishing-holdings/|accessdate=28 August 2015|issue=Industry News|publisher=TradeOnlyToday|date=9 July 2015}}