Marquis to remain open

Publish date:
Work in Carver-Marquis facility

Work in Carver-Marquis facility

News reports that Marquis Yachts in Pulaski, Wisc., may shut down indefinitely are incorrect, says a source close to the company. reported that the builder of the Marquis, Carver and Lexus brands may shut down until a buyer is found. The news reports refer to a press release issued by the state saying that a workforce reduction of more than 300 employees is expected to take place on March 1, 2020 unless a sale is finalized by the end of February. A letter was written by Marquis officials in December saying it had to notify the state of Wisconsin about possible layoffs under the WARN and WBCML Acts, said the source.

The source said that the WARN letter and today’s press release from the state are not timely.

“They had a workforce adjustment in December, but they’re bringing people back next week,” said the source, requesting anonymity. “The company now has an order backlog for a year and has several buyers interested.” The source said the sale of the company is “very close.”

Carver-Marquis Yachts was owned by Irwin L. Jacobs, formerly chairman of Genmar, who died in a murder-suicide with his wife on April 10, 2019.

In January 2019, the company sold its Larson brands to Polaris.

Following Jacobs’ death, his boat businesses were placed in a trust under the control of Jacobs’ children, who opted to sell them and other unrelated businesses. 


Ladies, Let's Go Fishing Chalks Up Another Successful Event

More than 40 aspiring anglers came to the weekend program.

Miami International Boat Show, Others Canceled By NMMA

The trade association announces extensive cancellations to winter ’21 boat and sport show schedule.

Quick Hits: October 28, 2020

Ranger Tugs and Cutwater Boats announce dealer awards; Cummins announces 3Q results.

Garmin Q3 Revenues Up 19%

Growth was driven by in part by a 24 percent increase in marine sales.

Groupe Beneteau Expects Revenue Declines

The group reduced investments by 30 percent in response to the Covid-19 pandemic.

A Banner Year for MarineMax

The yacht retailer saw its highest revenue and earnings in the company’s history.

New Boat Registrations Up 5.8% Year to Date

Main powerboat categories were up more than 34% year over year.