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.

Hearing set for Monday on sale of Fountain assets

A hearing is set for Monday morning on Fountain Powerboats’ motion asking to postpone the scheduled sale of its assets, though a California-based investment group is opposing that motion. An auction had been scheduled to take place next week. Fountain filed Aug. 24 for Chapter 11 bankruptcy protection. In its filing the company asked the…more

Fountain working to retain assets in Chapter 11

Fountain Powerboat Industries is trying to restructure its Chapter 11 bankruptcy protection in a way that would allow the company to reorganize and retain its assets, as opposed to selling its assets at an auction set for next week. A deal is pending between Fountain and Liberty Investments that would make the investment group the…more


Reggie Fountain: buoyant in bankruptcy

The irrepressible go-fast builder looks forward to a new, non-owner role The morning after his company filed for Chapter 11 bankruptcy protection, Reggie Fountain was patiently answering a reporter’s questions when he said, “Hold on a minute … hear that?” It was the roar of a Fountain powerboat speeding by, and the builder was soon…more

Hustler Powerboats negotiating to buy Fountain

Hustler Powerboats said today it is in negotiations to purchase Fountain Powerboats and all its assets. “Hustler Powerboats would move its operations to N.C. and rebuild the Fountain and Baja line to full capacity over the next four years and keep the Fountain legacy intact, as we feel it is a big part of performance-boat…more

Deadline is set for Fountain bidders

An Oct. 1 deadline has been set for those interested in bidding on the assets of Fountain Powerboat Industries and its subsidiaries, according to documents filed with the bankruptcy court in the Eastern District of North Carolina. An auction is set for 10 a.m. Oct. 5 in Washington, N.C. Only qualified bidders and the secured…more

Judge sets hearing on sale of Fountain assets

A bankruptcy court judge Tuesday approved an expedited hearing on several motions filed by Fountain Powerboat Industries, including one approving the sale of substantially all of the company’s assets. That hearing is now set for next Tuesday morning in bankruptcy court in Wilson, N.C. Fountain, in its filings, said the sale motion was necessary for…more

Reggie Fountain talks about Chapter 11 filing

Fountain Powerboat Industries chairman and CEO Reggie Fountain was upbeat this morning as he talked about the plan to bring his company through Chapter 11 reorganization and to continue to build the boats that have borne his name since 1979. “I always like to be positive; my glass is always half-full, not half-empty,” he told…more

Documents detail Fountain’s assets

While court documents show Fountain Powerboat Industries has $3 in assets, Fountain Powerboats, Baja by Fountain and Fountain Dealers’ Factory Superstore, list substantially more assets than their parent company. North Carolina-based Fountain Powerboat Industries filed for Chapter 11 bankruptcy protection Monday in U.S. Bankruptcy Court in the Eastern District of North Carolina. Fountain Powerboats lists…more

Fountain files Chapter 11

North Carolina-based Fountain Powerboat Industries today filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in the Eastern District of North Carolina. According to court documents, Fountain Powerboat Industries says it has $3 in assets, listed under personal property. It lists $1 each for Baja by Fountain, Fountain Dealers’ Factory Superstore and Fountain Powerboats. It’s…more

Fountain, Glacier Bay join Sea Tow promotion

Fountain Powerboats and Glacier Bay Catamarans have joined Sea Tow Services International’s Sea Care program for boatbuilders. Both manufacturers now will include a complimentary 95-day Sea Tow membership with the purchase of each new boat in their lines. “Fountain and Glacier Bay are leaders in their respective categories — high-performance boats and power cats. We…more

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