Skip to main content

Correct Craft touts Florida honor as sign of growth

Correct Craft said it was identified as the 143rd-largest private company in Florida.

Correct Craft said it was identified as the 143rd-largest private company in Florida in a list compiled by Florida Trend magazine.

Among the 143 organizations, Correct Craft said it was the 11th-fastest-growing company in the group with sales growth in 2016 of 31 percent.

Correct Craft said it has been executing a strategy of acquisition and optimization for the past several years that the company said has resulted in substantial growth.

Correct Craft, which now consists of seven boat brands, three engine brands and two watersports parks, distributes into 70 countries and is continuing to grow in 2017 with projected sales of more than $400 million this year.

Nautique Boats, Correct Craft’s largest subsidiary, has taken two of Florida’s top honors in recent years. Among more than 18,000 manufacturers, Nautique was named Florida’s Manufacturer of the Year and it recently received the Florida Sterling Manufacturing Business Excellence Award.

“I am very proud of our Correct Craft team that has done such a great job executing our growth strategy. It would be impossible to do what we have done without a group of very dedicated and hard-working people,” Correct Craft CEO and president Bill Yeargin said in a statement.

“Even more than our significant growth, I am very proud of the ‘Making Life Better’ culture that we have developed at Correct Craft and each of our subsidiaries,” Yeargin added.

“Having just returned last week from serving in Haiti with 30 members of our team from across the country, I am reminded how fortunate we are to have a group of people who want to help others around the world and do their best to make life better for as many people as possible.”

On June 30, 30 employees from several Correct Craft companies traveled to Pignon, Haiti, on an employee service trip. For four days, employee volunteers from Correct Craft and its subsidiaries helped residents in a poverty-stricken community.

The employees served a community camp by painting a large residence building, constructing soccer goals, building new seating benches for a gathering space and making much-needed electrical repairs. The employees also purchased and distributed food to more than 100 families in the community.


MRAA Donates to Educational Foundation

The group reinvested $100,000 in donations it received to help the foundation’s effort to address workforce shortages.

TPG Adds to Marine Portfolio

The hospitality and marina management firm acquired Conanicut Marina and Taylor Point Boat Yard in Jamestown, R.I.

Trade Only Today Returns Jan. 18

The daily e-newsletter will not publish Monday, Jan. 17, in observation of Martin Luther King Jr. Day. We wish everyone a happy and safe holiday weekend.

ECONOMY REPORT: Omnipresent Omicron

The year closed with an uptick in consumer confidence, but the latest coronavirus variant threatens to derail progress

Mixed Reactions

Though generally positive about market conditions, many dealers report they won’t be attending boat shows.

Sportsman Boats Hires CFO

Greg House was previously chief financial officer with Sea Star Solutions and Dometic.

NMMA Reports Strong Boat Sales in 2021

Annual new powerboat sales are expected to exceed 300,000 units for the second consecutive year.