The Great Recession launched a seemingly endless cycle of boatbuilder bankruptcies and sales, and the fallout is still being felt six years after the bottom dropped out of the financial world. But Rec Boat Holdings — consisting of four brands that Platinum Equity scooped up after Genmar went belly-up in 2010 — is the first…more
Yamaha Marine Group president Ben Speciale’s enthusiasm extends beyond boats and motors, though there is no shortage of it there. He will talk and talk about cutting-edge technology. But when discussing the political process, he is nothing short of exuberant.
MarineMax saw reduced margins in the June quarter because the company “largely didn’t have the new models to sell,” according to CFO Mike McLamb. However, the company was able to realize one of its best unit growth quarters since before the recession with encouraging gains in sterndrive sales.
The House approved a short-term fix to the nearly depleted highway trust fund on Tuesday in a 367-55 vote and the measure will move to the Senate with barely two weeks before the Transportation Department could be forced to cut funding for highway projects around the country.