Genmar Holdings

Last updated

Genmar Holdings, Inc. was the second largest manufacturer of recreational motor boats, [1] founded in 1978. [2] It was headquartered in Minneapolis, Minnesota with offices in Little Falls, Minnesota and Cadillac, Michigan. [2]

Contents

In 2009, the company filed for Chapter 11 Bankruptcy. [3]

Holdings

It owned the Aquasport, Carver Yachts, Champion Boats, Crestliner, Glastron, Hatteras Yachts, Larson Boats, Lowe Boats, Scarab Boats, Trojan Yachts, and, Wellcraft brands. [4]

Major transactions

Related Research Articles

Polaris Inc. is an American manufacturer of motorcycles, snowmobiles, ATV, and neighborhood electric vehicles. Polaris was founded in Roseau, Minnesota, where it still has engineering and manufacturing. The company's corporate headquarters is in Medina, Minnesota. The company manufactured motorcycles through its Victory Motorcycles subsidiary until January 2017, and currently produces motorcycles through the Indian Motorcycle subsidiary, which it purchased in April 2011. Polaris produced personal watercraft from 1994–2004. The company was originally named Polaris Industries Inc. and was renamed in 2019 to Polaris Inc.

Brunswick Corporation American corporation

Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Today, Brunswick has more than 13,000 employees operating in 24 countries. Brunswick owns major boating brands, including Sea Ray, Boston Whaler, Bayliner, Mercury Marine, Attwood, Lund, Crestliner, Mastervolt, MotorGuide, Harris Pontoons, Freedom Boat Club, Princecraft, Heyday, Lowe, Uttern, Quicksilver and CZone, among many others. In 2019, Brunswick reported sales of US$4.1 billion. Brunswick's global headquarters is in the northern Chicago suburb of Mettawa, Illinois.

Energizer American consumer goods company

Energizer Holdings, Inc. is an American manufacturer and one of the world's largest manufacturers of batteries, headquartered in St. Louis, Missouri. It produces batteries under the Energizer, Ray-O-Vac, Varta, and Eveready brand names, and formerly owned a number of personal care businesses until it separated that side of the business into a new company called Edgewell Personal Care in 2015.

The Hertz Corporation American car rental company

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., is an American car rental company based in Estero, Florida, that operates approximately 12,000 corporate and franchisee locations, both domestically and internationally. As one of the largest worldwide vehicle rental companies by sales, locations, and fleet size, Hertz operates in 160 countries in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East and New Zealand. The Hertz Corporation also owns Firefly Car Rental, and the former Dollar Thrifty Automotive Group, which is now separated into the Thrifty Car Rental and Dollar Rent A Car brands.

Bass Pro Shops American outdoor retailer

Bass Pro Shops is an American privately held retailer of hunting, fishing, camping and other related outdoor recreation merchandise. With headquarters in Springfield, Missouri, Bass Pro Shops employs a workforce of about 40,000.

Outboard Marine Corporation Former boat manufacturer

Outboard Marine Corporation (OMC) was a maker of Evinrude, Johnson and Gale Outboard Motors, and many different brands of boats. It was a multibillion-dollar Fortune 500 corporation. Evinrude began in Milwaukee, Wisconsin in 1907. OMC was based in Waukegan, Illinois. They also owned several lines of boats such as Chris Craft, Lowe Boats, Princecraft, Four Winns, SeaSwirl, Stratos, and Javelin. OMC was also a parent company to Ryan, which made lawn mowers.

Golden Gate Capital is an American private equity firm based in San Francisco. The firm makes investments in a number of select industries, including technology, financial services, retail and industrial, through leveraged buyout transactions, as well as significant minority purchases and growth capital investments. As of April 2018, it had over $15 billion in assets under management.

Ascena Retail Group American corporation

Ascena Retail Group, Inc. is an American retailer of women's clothing. Ascena also owns Lane Bryant and Catherines clothing store brands, and is the parent company of Ann Inc., operator of Ann Taylor and Loft stores.

Terex American worldwide manufacturer of lifting and material-handling plant

Terex Corporation is an American worldwide manufacturer of lifting and material-handling plant for a variety of industries, including construction, infrastructure, quarrying, recycling, energy, mining, shipping, transportation, refining and utilities. The company's major business segments include aerial work platforms, construction cranes, bulk-material hauling machines, road-paving machines, and container-port cranes.

Advantage Rent a Car is a car rental company headquartered in Orlando, Florida.

Carver is a yacht builder located in Pulaski, Wisconsin in the United States and a "recognized leader in the luxury motoryacht market".

Irwin L. Jacobs was an American businessman. He was the CEO of several large corporations, formerly including the now-bankrupt Genmar Holdings, boat-building company. He earned the nickname "Irv the Liquidator" for his aggressive business practices in the 1970s and early 1980s. In 1973, Jacobs founded COMB, a catalog-based mail-order retailer. In 1986, COMB and several cable television operators created the Cable Value Network (CVN), a pioneering television shopping channel which was later purchased by Joseph Segel's QVC. Jacobs, based in Minneapolis, became wealthy by taking big stakes in Fortune 500 conglomerates, usually to unlock value by breaking them up.

Brunswick Boat Group

The Brunswick Boat Group, headquartered in Knoxville, Tennessee, United States, is the largest maker of pleasure boats in the world. The company's net sales were US$1.7 billion in 2008, and US$1.0 billion in 2012. The Boat Group makes Sea Ray, Bayliner and Meridian pleasure boats; Boston Whaler offshore fishing boats; and Crestliner, Cypress Cay, Harris, Lowe, Lund, Princecraft fishing, deck and pontoon boats. Brunswick is one of the largest boat makers by units in Europe, with Quicksilver, Uttern and Valiant boat brands. Brunswick also owns the New Zealand boat brand, Rayglass. Brunswick markets its specialty boats through Brunswick Commercial and Government Products. Attwood and Kellogg boat parts and accessories, once a part of the group, are now a part of the Mercury Marine group.

The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York. The United States government-endorsed sale enabled the NGMCO Inc. to purchase the continuing operational assets of the old GM. Normal operations, including employee compensation, warranties, and other customer services were uninterrupted during the bankruptcy proceedings. Operations outside of the United States were not included in the court filing.

Fortune Brands Home & Security, Inc. is an American manufacturer of home and security products, headquartered in Deerfield, Illinois. Its portfolio of businesses and brands includes Moen and the House of Rohl; outdoor living and security products from Therma-Tru, Larson, Fiberon, Master Lock and SentrySafe; and MasterBrand Cabinets. Fortune Brands is a Fortune 500 company and part of the S&P 500 Index. As of December 31, 2020, the company reported employing approximately 27,500 associates and posted full-year 2020 net sales of $6.1 billion.

Trojan Yachts is (1949–present) a US manufacturer of motorboats, with offices and production facilities in Lancaster Pennsylvania, Elkton Maryland and Niagara-on-the-Lake Ontario Canada.

Ranger Boats are a popular line of bass fishing boats designed primarily for black bass fishing. Since launching, the company has expanded their line of boats to offer recreational options as well. The company has fiberglass boats, but with the modern success of the aluminum boat on top tournament trails, unveiled an aluminum series. The company was founded in 1968 by Forrest L. Wood in Flippin, Arkansas. Ranger is generally credited with the introduction of the modern bass boat.

Wellcraft LLC is a major manufacturer of American powerboats. It was founded in 1955, making wooden runabouts. The company slogan is, "World Class Performance".

Gander Outdoors US based outdoors equipment retailer

Gander Outdoors, Inc., formerly Gander Mountain, Inc., headquartered in St. Paul, Minnesota, is a retail network of stores for hunting, fishing, camping, and other outdoor recreation products and services.

References

  1. Janssen, Peter (July 1987). "A Pastrami, and Hatteras to Go". At the Helm. MotorBoating . Retrieved 28 August 2015.
  2. 1 2 "Company Overview of Genmar Holdings, Inc". Bloomberg Business . Retrieved 26 August 2015.
  3. "Genmar Holdings files for bankruptcy". Industry News. Nashville Business Journal. 4 June 2009. Retrieved 28 August 2015.
  4. 1 2 "Genmar Sells Hatteras Yachts". Sarasota Herald-Tribune. 25 October 2001. Retrieved 28 August 2015.
  5. "Brunswick Completes Acquisition of Hatteras Yachts".
  6. 1 2 "Bass Pro Shops signs financing deal for Fishing Holdings" (Industry News). TradeOnlyToday. 9 July 2015. Retrieved 28 August 2015.
  7. "Sale of Ranger, Stratos, Triton finalized". BassFan. 11 February 2015. Retrieved 28 August 2015.