Capt. Don Coleman opened a new TowBoatUS stop in Mobile, Ala.
The 28-year-old northern Alabama native, a Navy veteran, is Coast Guard-licensed and is an avid sailor who runs the foredeck and spinnaker on a 30-foot Morgan in local regattas and the annual Dauphin Island race.
He is also pursuing a degree at the University of South Alabama. His partner in the venture is his father, Don Coleman Jr., who is also Coast Guard-licensed.
But the parent of Chaparral and Robalo said demand for smaller boats dropped while labor costs rose.
The company declared a quarterly cash dividend of $0.17 per share.
Tariffs and growing labor costs created headwinds.
Watershed Innovation’s partnership with a local university results in a concept boat that is 30 percent quieter than a traditional jon-boat.
Erik Christiansen was the former general manager of Mercury Racing.
Fort Wayne operation surpasses two million hours with no lost time.
Its Marinas Group names four new members and its Superyacht Refit Group adds one member.
