Parks Manufacturing Inc., builder of Blue Wave Boats and Silver Wave Pontoons, has partnered with Horizon Holdings LLC.
Founders Pam and Roger Parks are retiring. Sons Steven and Richard will continue to run Parks Manufacturing in Seminole, Okla.
“We are very excited to see our parents rewarded for all their hard work and success over the years.” Steven Parks said in a statement. “We couldn’t have hoped for better partners than Phil and Jim [of Horizon Holdings] to continue forward with the legacy of high quality and great designs for which we have always been known. We have huge plans and a great team and now it’s time to get to work and make things happen.”
Longtime regional sales manager Tim Long has joined Horizon Holdings, with Steven and Richard Parks on the ownership team. 321 Capital was the exclusive adviser to Parks Manufacturing
“We are thrilled to have the opportunity to partner with Richard and Steven Parks to steward the successful family business they built with their parents and co-founders, Pam and Roger,” said Phil Estes, managing member of Horizon.
“Both Blue Wave and Silver Wave boat brands have loyal and passionate consumer followings, and we look forward to Parks Manufacturing continuing to be a customer-focused, dealer-friendly and innovative company. Given our long history in the boat business, focus on working with outstanding leaders and our special connection to the state of Oklahoma, it is a real honor to have this chance to work with this family.”