David Marlow didn’t sit still for very long Thursday after completing the purchase of Hunter Marine and selected assets of Mainship and Luhrs.
Instead, he spent the day assessing Hunter’s Alachua, Fla., facility.
“I am seated at Hunter-Alachua for the first day after funds were transferred to complete the purchase,” Marlow told Soundings Trade Only in an email. “I am not sure how long I can be seated, as there is much to be done, from temporary duct tape to extensive renovations and remodeling of the physical facility, including tools, roofs and lawn.”
And those are the easy fixes, the owner of Marlow Acquisitions wrote.
Essentially, Marlow is “planning to burn the midnight oil” in order to get production of Hunter and Mainship — referred to by Marlow as Marlow Hunter and Marlow Mainship — up and running.
Morgan Industries and its related eight companies went into Chapter 11 restructuring April 30 and has sold off or reorganized all of its boatbuilding entities and two of its property entities. Remaining assets include its property and factories in Millville, N.J., and St. Augustine, Fla.
Marlow is the majority owner of Palmetto, Fla.-based Marlow Yachts — builder of Explorer and Voyager passagemakers, Prowler express cruisers, Sprite tenders and Gypsy classic wooden dinghies — as well as Marlow Marine Sales of Sarasota, Fla. The boats are built at Norsemen-Marlow Shipyard in Xiamen, China. He bought the Miami’s 126-year-old Merrill-Stevens Drydock Co. last year.
— Reagan Haynes