Page 3 of 4 FirstFirst 1234 LastLast
Results 21 to 30 of 32
  1. #21
    Join Date
    Aug 2009
    Location
    Richfield, WI
    Posts
    356

    Default

    Too early to declare this “didn’t age well”…and I wouldn’t characterize this as a rumor. Anyways, Rick’s reply is as it should be..we can stop talking about it.
    2021 Moomba Max

  2. #22
    Join Date
    Jun 2008
    Location
    Henderson, NV
    Posts
    6,870

    Default

    all the press says that indmar will operate as a separate company and nothing changes but we all know with mergers that means "for now".

    I'm sure skiers has a good supplier agreement in place but makes ya wonder how it feels to now be incentivizing CC on another front with every boat sold(sure we all remember builders paying royalties to nautty for towers or 'bu for surf tabs) and what that supplier agreement will do in terms of pricing once it's up for renewal.

    it's in indmar's best interest to continue to supply the maximum number of powerplants to a diverse range of manufacturers BUT they now have a whole lot more debt to pay back to fund the purchase price to CC. that money has to come from somewhere and it's likely at the expense of buyers down the road.

    sonic has some good points in all of this....
    '06 Supra Launch 20SSV-gone but never forgotten

  3. #23
    Join Date
    Apr 2013
    Location
    Knoxville TN
    Posts
    2,710

    Default

    I'm not following you on the Debt comment, but since this is about boats and not balance sheets, AOK.
    2018 Supra SL400

  4. #24
    Join Date
    Dec 2015
    Location
    north texas
    Posts
    1,149

    Default

    Isnít this just a private company selling out after record years for a bunch of $$$$? Happens all the time. Supra/Moomba is going to be a solid regardless of what is under the hatch!!


    Sent from my iPhone using Tapatalk
    2017 Supra SA

  5. #25
    Join Date
    Apr 2013
    Location
    Knoxville TN
    Posts
    2,710

    Default

    Yes, it sounds like Indmar was family owned. Could of been solo or had investors over the years.

    Now they are part of a chain of companies in a private equity firm. I recall that is how Correct Craft got new owners years ago under a PE firm that obtained full ownership. Bunch of companies that roll into other companies. CC operates all the engine and trans companies under one area they call Liberty Technologies.

    I recall reading about CC purchased a local boat company called Bryant Boats probably 5 years ago. That was just after CC got majority interest in Centurion Boats and Supreme. They were buying other boat companies too.

    One day that all might be all sold too. Little fish getting eaten by bigger fish. Those bigger fish getting eaten bigger fish, etc.
    Buy for X, company builds and grows, sell for Y. Meanwhile, they pay equity and ownership fees up the chain of command.
    2018 Supra SL400

  6. #26
    Join Date
    Jun 2008
    Location
    Henderson, NV
    Posts
    6,870

    Default

    Quote Originally Posted by MJHSupra View Post
    I'm not following you on the Debt comment
    Quote Originally Posted by MJHSupra View Post
    Meanwhile, they pay equity and ownership fees up the chain of command.
    sounds like you are following the debt comment. CC will now expect some ROI over the next "x" years on that coming from reduced expenses or increased profits. not in the next 12 months but it'll come. I've been through this before with my current and last company with both PE ownership and larger company buyout.

    it will be interesting to see what happens. CC bought several engine companies back in the day. now pcm and crusader are basically one company and built in the same plant along with a couple other variants for specialty boats. took a few years for that to happen but that's usually part of why companies of a similar industry buy each other. synergies in the non-production areas and consolidation of space are where the expenses are typically gained.

    I wonder if the long term play here is assembling a boat "company" to rival or surpass 'bu and launch them public. that's where the true value is to most PE's.

    and to russel's comment, skiers still builds a GREAT boat no matter who's powering it and frankly in today's world, there's nothing wrong with pcm, indmar and mercruiser. all build good motors if you can take the ford/chevy brand goggles off.
    '06 Supra Launch 20SSV-gone but never forgotten

  7. #27
    Join Date
    May 2018
    Posts
    4,631

    Default

    Or Mercruiser goggles as they are neither ford or Chevy.


    Sent from my iPhone using Tapatalk
    2021 Supra SA 400
    2018 Supra SA 400 (SOLD)
    Michigan

  8. #28
    Join Date
    Mar 2021
    Location
    South Georgia
    Posts
    1,502

    Default

    Quote Originally Posted by larry_arizona View Post
    Or Mercruiser goggles as they are neither ford or Chevy.


    Sent from my iPhone using Tapatalk
    Maybe they should put Volvos in them

    Sent from my SM-G781V using Tapatalk
    2021 Moomba Makai
    Black Cherry Metal Flake & Fire Red
    Nibral OJ 15.5x15 Altitude/Wake prop w/1.76 trans v-drive
    Wet Sounds bow speakers & 10's on the Tower & ported sub

  9. #29
    Join Date
    Mar 2021
    Location
    South Georgia
    Posts
    1,502

    Default

    Yeah, I know it's still a GM block. Had one. It was also a good motor.

    Sent from my SM-G781V using Tapatalk
    2021 Moomba Makai
    Black Cherry Metal Flake & Fire Red
    Nibral OJ 15.5x15 Altitude/Wake prop w/1.76 trans v-drive
    Wet Sounds bow speakers & 10's on the Tower & ported sub

  10. #30
    Join Date
    May 2018
    Posts
    4,631

    Default anyone else see CC buying indmar?

    Quote Originally Posted by HFarr View Post
    Yeah, I know it's still a GM block. Had one. It was also a good motor.

    Sent from my SM-G781V using Tapatalk
    False, itís not a GM block. Mercruiser made their own engine.

    Itís a 6.2 liter v8 block that shares rods,pistons with their 4.5 liter V6.

    4.0Ē bore and 3.75Ē stroke

    GM 6.2l is 4.065 bore and 3.66 stroke

    Sent from my iPhone using Tapatalk
    Last edited by larry_arizona; 11-16-2022 at 07:20 PM.
    2021 Supra SA 400
    2018 Supra SA 400 (SOLD)
    Michigan

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •