Skip to main content

Marlow completes Hunter acquisition

The sale of Hunter Marine Corp., as well as selected assets of Mainship Corp. and Luhrs Corp., to Marlow Acquisitions is official.

That’s according to a letter to Hunter dealers sent today by Hunter sales director Greg Emerson.

“Mr. [David] Marlow was here with John Peterson and I until late last night discussing details and even making time to call our dealer in Australia, who was minutes away from starting the Sydney Boat Show, to share some clarity on the new ownership and offer words of encouragement as the show began,” Emerson said in the email to dealers.

Hunter Marine has continued to build boats throughout the reorganization and is planning a gradual production increase during the next 30 days, according to a statement.

“In the upcoming days, we will attempt to call each dealership to discuss more details about the new ownership, increasing production and future plans,” Emerson said in the letter. “We appreciate the patience and loyalty of each of you. While the wait since April may have seemed forever, let me remind you that this restructure was one of the fastest, according to the courts and the attorneys. The theory on that is that the brand was strong and solid, with a lot of buyers interested in its assets. So with a strong name, a new owner with a new vision and the best dealer network in the industry, we can all anticipate a brighter future.”

“With this behind us, it is time to shift all our resources to get back to the task at hand, building and marketing boats,” John T. Peterson, president of Hunter and chief restructuring officer/treasurer of Morgan Industries Corp., said in a statement.

“For the employees, dealers and suppliers of Hunter Marine, it is indeed a new, great day,” new owner David Marlow said in the statement.

“I am pledging my years of experience, 46 to be exact, as a boatbuilder, dealership manager and marina operator, and my entire organization, including Marlow Marine Sales of Sarasota, Fla., Merrill-Stevens Boat Works in Miami, Fla., and Norsemen Shipyard in China, to assist in continuing what has been and is a great boat brand,” Marlow continued. “The future is bright as we forge ahead in what is no secret — a tough market.”

Neither Marlow nor Peterson was immediately available for comment.

Beginning its 40th year with the slogan “Life Begins at 40”, Hunter will be exhibiting its newest models Oct. 4-8 at the U.S. Sailboat Show in Annapolis.

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.

Click here for the full release.

Related

1_ABA

ABA Celebrates 30 Years

The America Boatbuilders Association was founded in 1992 with the objective of collectively buying engines, raw materials and manufactured products at better prices.

1_YEARGIN

Who, Not How

Sometimes, to solve a tough problem, you need to get a different person in the room.

1_WHALESACTION

NMMA: Proposed Speed Rule an ‘Existential Threat’ to Industry

The association is calling on every marine brand, employee and boat owner to file public comment by Oct. 31 over a sweeping regulation to protect North Atlantic right whales.

1_AXOPAR

Axopar and Nimbus Renew Agreement

The boatbuilders have entered an agreement whereby Nimbus Group will retain exclusive rights to sell Axopar boats on the Swedish market.

1_IAN

Hurricane Ian Leaves Devastation in Florida

The storm left a wide swath of destruction, heavily impacting marine interests from Tampa Bay to Marco Island.

Norm

Email Is Your Ticket to Holiday Sales

Developing an effective email campaign can bolster sales and help fill winter coffers at your dealership.

1_NMRA

NMRA Presents Annual Awards

Edson CEO Will Keene and ComMar Sales president Tim Conroy were recognized for their contributions to the marine industry.

1_ PULSE.PING.2

DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.

1_EPROPULSION

EPropulsion, Mack Boring Partner with Crest

Pontoon builder Crest will use an ePropulsion Navy 3.0 Evo electric outboard motor and an E175 battery for its 2023 Current model.