Correct Craft looking for investment opportunities

Posted on July 24, 2009

Correct Craft, manufacturer of Nautique boats, created a team of in-house and external industry veterans to begin exploring investment opportunities within the marine industry.

Correct Craft is acting in collaboration with its parent company, Ambassador Enterprises, a private equity firm that obtained full ownership of Correct Craft in 2008.

This team will be led by Correct Craft president/CEO Bill Yeargin. To help survey and assess potential investment opportunities, Yeargin has recruited other industry veterans to join the team, including Chuck West, former CEO of MasterCraft; Russell Baqir, former president of Textron Marine Finance; and Sean Marrero, Correct Craft chief financial officer.

"While many are retreating in this difficult economic environment, we want to move forward aggressively," Yeargin said in a statement. "We have a great team that we believe will identify the right potential partners for both Correct Craft and our parent company, Ambassador Enterprises."

Click here for inquiries.

Click here for the full release.

Comments

2 November, 01 2009, 05:43 PM

By John Barbier

I think Bill is right on.  People need electric.  Correct Crafts are the best.

1 July, 24 2009, 12:52 PM

By Bill WalterCPA

CC should invest in green power.

Put all that fiberglass to use on propellers for wind and ocean turbines that produce electricity.

I believe Tiara Yachts has resources already dedicated to producing blades for Michigan wind farming.

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