Bankruptcies and reorganizations force change on the marine industry as companies react to difficulties in the economy or their market by leaving recreational boating or shifting to a new and different role.
A company source said a serious investor has emerged as a potential buyer for the Dutch superyacht builder.
Premier Pontoons emerged from bankruptcy after a private lender, now the shareholder of the company, made the highest bid for the company.
Minnesota-based Premier Pontoons — Premier Marine Inc. — has emerged from Chapter 11 bankruptcy and plans to continue building pontoons and supplying products to its nationwide dealer network.
Gunboat International filed for Chapter 11 bankruptcy protection on Wednesday.