Baja Marine is selling its Donzi and Fountain Powerboat brands factory-direct in what the company says is a response to changing consumer demand.
Fountain Powerboats, based in North Carolina, was launched in 1972 by former owner Reggie Fountain and it specializes in offshore racing boats. Fountain was acquired in 2012 by Baja Marine Inc., which is led by chief executive Johnny Walker.
Baja Marine, the parent company of Baja, Donzi, Fountain and Pro-Line boats, recently opened Powerboat Headquarters to “transform pre-owned boats into like-new condition.”
Baja Marine announced it is “going green” with marketing efforts for its Baja, Donzi, Fountain and Pro-Line boat brands. Instead of printing thousands of copies of traditional brochures, Baja Marine created a digital 2014 brochure for each boat line in an effort to decrease the amount of paper it produces and reduce the company’s environmental…more
A new documentary is focusing on the racing career of Reggie Fountain, founder of Fountain Powerboats and current offshore V-bottom world record holder. The documentary, produced by American Performance Media, also focuses on Fountain’s contribution to Mercury outboards’ evolution to saltwater applications, said executive producer John Potts. “He’s had a long career and a stellar…more
Baja Marine, parent of the Baja, Donzi, Fountain and Pro-Line brands, said it signed eight new dealer partners for Pro-Line Boats in the United States and three in Canada. The fishing-boat builder said the recent appointments are success stories for Baja Marine’s post-recession growth plan for Pro-Line. “We have been traveling the world to find…more
Baja Marine announced it officially acquired the assets of boat companies Donzi Marine, Fountain Powerboats and Pro-Line Boats from American Marine Holdings Inc. The company has been in discussions to purchase its sister brands after a long and drawn-out court battle and two Chapter 11 bankruptcy filings in two years. All four brands — Baja,…more
The former owner of Fountain Powerboats finds himself in another legal tangle with the company he sold to investors in 2010. Fountain Powerboats filed an application for a restraining order and a motion for a preliminary injunction against Reggie Fountain in a North Carolina court, the state in which bankruptcy filings and lawsuits, countersuits and…more
After several months embroiled in legal battles with creditors and two Chapter 11 filings in three years, a temporary receivership of Fountain Powerboats and its affiliates was dissolved by a North Carolina judge, effective Thursday. A sealed mediation settlement between Fountain and lender First Capital, to which Fountain owes more than $53 million, according to…more
Following the dismissal of its Chapter 11 bankruptcy petitions in Florida, the receiver for Fountain and related entities filed a motion in North Carolina asking a judge to confirm its authority to file such petitions on behalf of the boatbuilder. Ronald Glass, and the firm of GlassRatner Advisory & Capital Group, were appointed the corporate…more
Chapter 11 bankruptcy petitions filed by a receiver on behalf of Fountain and related entities have been dismissed by Judge Erik Kimball in the bankruptcy court of the Southern District of Florida. The order was in response to a motion by Joseph Wortley to dismiss the cases. Wortley is at least a partial owner of…more