[joe2897]

Jacobs & DeJoria to Buy Larson, Seaswirl, Triumph and FinCraft - 01/27/2010
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J&D Acquisitions, which is owned by Irwin Jacobs and billionaire John Paul DeJoria, said last week that it has agreed to purchase several former Genmar businesses and assets from Platinum Equity. The transaction is expected to be effective by this Friday or shortly after. Terms of the deal were not disclosed. According to a statement, J&D will acquire the Larson, Seaswirl and FinCraft boat brands along with the Larson boat factory in Little Falls, Minnesota, VEC technology as well as its equipment, patents and copyrights, and the Triumph Boat Company in Durham, NC. ​

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[mcmillan]

Irv the operator should stick to selling Target's returned DVD players.

 

[barnaclebillsmarine]

It is such a shame to see Jacobs being able to buy back his bankrupt lines. How in the world is he able to do this? I can only hope that dealers drop them like a rock. They should be in jail.

 

[beber]

I've always been a fan of Genmar's boats. I used to own a Seaswirl, and now have a Welcraft, and I always liked the Hydra-Sports. They all seem like pretty strong products to me.

However, how can you go bankrupt and still some how, keep the company. That is beyond me. The only good news for current owners of these lines is that they are still around.

 

[mcmillan]

It is such a shame to see Jacobs being able to buy back his bankrupt lines. How in the world is he able to do this? I can only hope that dealers drop them like a rock. They should be in jail.

I dont think he should be in jail for Genmar. Bankruptcy is a part of our system. It really protects workers who have no business accumen but have good work ethic.The problem comes with bailing out companies. He bid the highest. Simple economics. Just like Bombardier bought OMC. They paid more because Jacobs was bidding. I just know Jacobs. And he makes plenty cash selling corporate returns but his investors lost a bunch on the boats.