California-based Platinum Equity has purchased “essentially all the assets” of Genmar Holding’s assets for $70 million, chief restructuring officer Mark Sheffert confirmed to Soundings Trade Only.
Platinum purchased a total of 11 brands, Sheffert said. These include: Ranger, Stratos, Champion, Wellcraft, Four Winns, Larson, Glastron and others.
Carver and Marquis were purchased for $6.05 million by J & D Acquisitions, LLC, which is a company created by Jacobs, along with John Paul DeJoria.
MCBC Hydra Boats, a subsidiary of Wayzata Investment Partners, purchased HydraSports for $1 million, Sheffert said.