Genmar

Genmar Holdings, formerly headed by Irwin Jacobs, was once one of the two largest boatbuilders in the world, with 15 brands, until it was forced into Chapter 7 liquidation in 2009. Several brands became part of Platinum Equity’s boat lineup, but some were bought by J&D Acquisitions, headed by Jacobs and partner John Paul DeJoria.

J&D Acquisitions pushes back 2011 introductions

J&D Acquisitions is moving the 2011 model-year introductions for its Larson, Seaswirl, FinCraft and Triumph brands to September 2010, the company announced. These brands have traditionally introduced new models on or before July 1. “Moving the 2011 model-year introductions to September will allow our dealers to continue to sell and order new 2010 products during…more

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Jacobs: We got fat, but we won’t again

Genmar founder looks to the future while shouldering the blame for a ‘bloated’ corporate structure Irwin Jacobs says he’s learned a lot from the bankruptcy liquidation of the boating empire he spent years building. “I’m never going to allow a corporate structure to ever get in the way of making our business a success,” says…more

Gubernatorial candidate to visit Four Winns plant

Rep. Pete Hoekstra, R-Mich., plans to visit the Four Winns’ plant in Cadillac today as part of his “100 Jobs” initiative, in which he will perform 100 Michigan jobs to stress the importance of economic development and job creation as he runs for governor. Recently acquired by holding company Platinum Equity, Four Winns has ramped…more

Industry voices: Irwin Jacobs

With a new company and a new title, J&D Acquisitions chairman Irwin Jacobs talks to Soundings Trade Only about how his business will help dealers, what went wrong with Genmar, and what is different this time around. Click play to listen. {flv}jacobs_irwin{/flv} Mobile users, click here to watch on YouTube.

Jacobs plans four dealer showrooms

To keep dealers from having to purchase expensive yachts with floorplan financing, Irwin Jacobs outlined plans to open four yacht centers in the United States and Europe that will house a complete lineup of Carver and Marquis yachts. “This will be where our dealers will be able to fly down and these products will be…more

Jacobs charts the way forward for his dealers

Things are going to be different this time around, Irwin Jacobs said in a letter sent out to dealers this morning. The Genmar founder, who saw his boating empire tumble in the bankruptcy process, now owns six former Genmar brands with his partner John Paul DeJoria. J&D Acquisitions, their new venture, will not suffer the…more

Jacobs addresses FLW Outdoors future

Irwin Jacobs, chairman of FLW Outdoors, recently issued an open letter to the bass fishing community in which he addressed the challenging environment and the change in ownership of Ranger and more. In the letter, Jacobs states that FLW Outdoors is currently “in the final stages” of reviewing its logo policy, and that further changes…more

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Unsecured creditors left out in the cold

Some suppliers are leary of working with Irwin Jacobs again; others want to get back to business Though the final chapter of the Genmar bankruptcy is finished and the new owners of the boat lines are looking to the future, some 4,000 unsecured creditors are left with claims of more than $140 million – and…more

Fishing Hall of Fame to induct Jacobs

Irwin Jacobs will be inducted into the Bass Fishing Hall of Fame today in Birmingham, Ala. Jacobs will be given the honorary title of “industry innovator” during the ceremony, according to the Minneapolis/St. Paul Business Journal. Jacobs founded the Minneapolis-based boat manufacturer Genmar Holdings. in 1978 and served as its CEO until November 2009. Click…more

VIDEO: Platinum Equity addresses post-Genmar future

MIAMI BEACH – “We’re not Genmar.” That was the message Platinum Equity conveyed loud and clear Thursday to a standing-room-only crowd of dealers, suppliers and industry partners at the Miami International Boat Show. “This is a new company. We are starting fresh,” said Steve Zollo, a partner with Los Angeles-based private equity firm Platinum Equity.…more

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