Revenge buys Consolidated
Article Abstract:
Revenge Marine Inc., a development-phase holding firm, purchased in April 1998 Consolidated Marine Inc.'s assets and outstanding contracts in Dania, FL, for $1 million in restricted common stock. Under the acquisition, Revenge will also obtain three-year agreements with Consolidated's major managers, including the company's president, Jim Gardiner, and its chief financial officer, Linda Riznick. In return, Revenge will spend $500,000 on enhancements and new production equipment for the facility. Consolidated, which intends to construct 74-ft to 110-ft motoryachts, will construct up to four boats annually at its 24,000-sq-ft facility at Derecktor-Gunnell Shipyards.
Comment:
Buys in 4/98 Consolidated Marine Inc's assets and outstanding contracts in Dania, FL, for $1 mil in restricted common stock
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 1998
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Herndon is back with a new boat line
Article Abstract:
Jupiter Marine International Inc., a custom builder of three outboard-powered boat models in West Palm Beach, FL, has been acquired by Carl Herndon. Herndon, who lost Blackfin Yachts in Chapter 11 to Detroit Diesel Capital Corp., plans to relocate Jupiter from its 12,000-sq-ft facility in West Palm Beach to the 34,000-sq-ft former Blackfin facility in Broward County, FL. Herndon said that the move is expected to be completed in early fall 1998. Herndon will hire back Blackfin's former employees in Broward and hire about six of Jupiter's workers.
Comment:
Has been acquired by Carl Herndon
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 1998
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MarineMax moves into Great Lakes
Article Abstract:
MarineMax Inc., a Clearwater, FL-based retailer, paid $7.7 million in cash, plus 250,000 shares of common stock, to acquire assets and liabilities of Treasure Cove Marina Inc. in northern Ohio, in October 1998. The acquisition not only boosts the company's reach into lower Great Lakes region, but also gives it a foothold in one of the most sought after boating markets in the US. Father and son, John and Rob Moore, will continue to manage Treasure Cove's four Ohio locations, including a marina on the southern shores of Lake Erie.
Comment:
Pays $7.7 mil in cash, plus 250,000 shares of common stock, to acquire Treasure Cove Marina Inc in northern Ohio
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 1998
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Comment about this article or add new information about this topic:
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