Parker is a 55-year-old company that builds offshore and inshore fishing boats. Correct Craft CEO Bill Yeargin told Trade Only Today that the Parker acquisition will put the company into a new saltwater segment.
“This really excites us,” said Yeargin. “We look forward to being an important part of the offshore fishing segment.”
Yeargin said the acquisition will help Parker expand production capacity and use Correct Craft’s manufacturing and operational processes. Correct Craft plans to immediately start making investments in product development, according to Yeargin. “We believe we can build on the foundation built by the Parker family,” he said.
There will be no management changes. Linwood Parker will continue to lead the company.
“I have been spending time with Linwood Parker for a couple years and developed tremendous respect and love for his family,” said Yeargin. “The Parker family has built something special and we could not be happier to have them join the Correct Craft family. Their exceptional culture was a key factor that attracted us to make this acquisition. They share our passion to make life better for our customers.”
“I am looking forward to growing and expanding Parker’s production capacity and leveraging Correct Craft’s operational excellence initiatives, which will allow Parker to meet our current dealers’ needs and aggressively bring new product to market,” said Linwood Parker in a statement announcing the acquisition.
Parker manufactures center consoles, sport cabins, walk-arounds, and dual console boats from 18 to 28 feet LOA.