Strategic investment positions Renaissance Marine Group for continued growth
Renaissance Marine Group
October 8, 2012
Filed under News
Press Release
Clarkston, WA: Renaissance Marine Group, Inc., manufacturer of Duckworth, Weldcraft and Northwest Boats, is pleased to announce the successful completion of a change in ownership effective October 1, 2012. Founding shareholders Dan Larson and Jim Moore have completed a private sale of RMG’s stock, together with the RMG factory and real estate, to a Seattle, WA based entity owned by Byron and Sheryl Bolton. The Boltons also own Vernon, British Columbia based WestWinn Group Enterprises, Corp. that builds and distributes KingFisher, KingFisher Multi-Species, HarberCraft and Jetcraft boats.
Renaissance Marine Group and WestWinn Group will continue to operate independently and maintain the continuity of the existing management teams, physical factories, highly skilled work forces and independent dealer networks. According to new owner and CEO of Renaissance Marine Group, Byron Bolton, “the combination of talented personnel, manufacturing technology, and broad dealer networks will enable both companies to realize their growth by competing even more effectively against larger segments and geographical markets of the marine industry.”
The investment by Bolton creates the strongest heavy-gauge welded aluminum family in North America, with nearly 100 dealers in 5 countries. Renaissance and WestWinn brands remain committed to executing their business through independent marine dealers. This growing network of dealers will continue to benefit directly from the strong marketing programs and customer service support provided by both manufacturers. The integrity of the brands is further enhanced by a “no factory-direct sales” policy.
Improved purchasing power coupled with production efficiencies stand to broaden the range of products and provide boat buyers with unparalleled values. Research and development efforts in next-generation marine technology solutions will remain steadfast.
“This is a move that provides employees, dealers and boat buyers more opportunities in the future,” said new owner, Byron Bolton. “Both WestWinn and Renaissance Marine Group have led the industry in recovering from the marine recession of the past 5 years. We’re stronger now than ever before. Strong enough, in fact, to compete in local, national and international markets previously considered untouchable.”
Dan Larson will remain active as a senior advisor to both companies. Jim Moore is fully retired. Jerry Wooley will remain at his position as President and COO of Renaissance Marine Group, Inc. All existing sales, service, and support contacts will remain unchanged.
