Assets of Velocity Powerboats acquired

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With their pad-bottom design, Velocity powerboats are among the fastest non-stepped offshore performance boats.

With their pad-bottom design, Velocity powerboats are among the fastest non-stepped offshore performance boats.

Scott McCormick of Debary, Fla., purchased the assets and trademarks of Velocity Powerboats, which is based in Sanford, Fla. McCormick plans to restart building the full Velocity line, which includes offshore performance boats and center consoles from 19 to 41 feet.

McCormick’s ties to the company date to the early 1990s, when he would frequent the factory, hoping to one day own a Velocity. When he opened a boat transportation business in 1994, Velocity was his first customer.

McCormick spent much of his free time at the factory helping rig boats for delivery. He eventually spent 12 years as general manager of the plant. In 1999, he and Velocity founder Steve Stepp built an offshore raceboat for McCormick, and he ran it to 15 podium finishes and set three speed records.

“My love for the product and the people who build and own a Velocity is unmeasurable,” McCormick said in a statement. “My team and I have an unwavering desire and the vision needed to get this legendary brand back to its place in the offshore world.”

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