Skip to main content

Assets of Velocity Powerboats acquired

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.”

Related

1_DOWDIVE

Boating Shares Suffer in Market Selloff

Major U.S. stock indices weakened yesterday, and recreational marine shares fared even worse on a percentage basis.

1_SCANIAFRANZKE

Scania Appoints President of U.S. Operations

Company veteran Jorg Franzke replaces Håkan Sterner, who is returning to Sweden.

norm

Promote Safe Boating Week; a Fishing Icon Passes

The May 21-27 observance takes on heightened importance with the thousands of newcomers to boating. Meanwhile, bass fishing lost a legend with the death of Ray Scott.

1_AZIMUTIBACKLOG

Azimut-Benetti Booked $2.1B in 2021 Backlog

The builder said new models and a “diversified product portfolio” drove sales growth to record levels.

1_IBEXAWARDS

Deadline Set for IBEX Innovation Awards

Organizers said entries for this year’s program must be completed by Aug. 16.

1_OCEANCRAFT

Ocean Craft Marine Announces New Sales Agent

The company said Capt. Andy Langesfeld will serve as Southeast sales agent and brand ambassador for its amphibious RIBs.

1_WEBASTORESULTS

Webasto Posts Losses in FY 2021, Q1 of 2022

Although overall sales are growing, the company said strategic investments and lower China revenue resulted in persistent losses.

1_YAMAHAZLOTNICK

Yamaha Names Marketing Manager for WaterCraft

The company said Leslie Zlotnick will oversee advertising, public relations, digital marketing and events.