Jacobs' Marquis Yachts set to ramp up production - Trade Only Today

Jacobs' Marquis Yachts set to ramp up production

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With J&D Acquisition's purchase of Carver and Marquis yachts complete, the company was renamed Marquis Yachts LLC and Robert Van Grunsven was named president of the Carver Yacht and Marquis Yacht companies, chairman Irwin Jacobs announced.

The Pulaski, Wis.-based company plans to begin production within the next two weeks and plans to ship its first newly-completed boats in early April.

Jacobs told Soundings Trade Only he expects to bring back 100-200 employees "pretty quickly."

"I know we've got orders already for some boats, so they've got to bring back people who work on those lines and specialists who work on that type of product," he said.

Jacobs added that dealer inventory levels for both lines are at "historically low levels."

"I don't want to see boats built for stock, as much as I want to do retail and a lot of dealers have been saying they've been holding out waiting to see [us] get up and running before they spoke to their customers about buying a boat," Jacobs added.

"I've been associated with Carver Yachts for over 19 years and Marquis Yachts for six years," he said. "Both companies have always been recognized leaders and innovators in building world-class premier yachts. Although the past two years in our industry have been the most difficult throughout my 30-plus years in the recreational boating industry, I'm convinced that the worst is now behind us."

Jacobs, and his business partner John Paul DeJoria, purchased Carver and Marquis - former Genmar lines - for $6.05 million. The majority of the former Genmar Holdings' assets were purchased by Platinum Equity for $70 million, while MCBC Hydra Boats purchased Hydra-Sports for $1 million.

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