January 20, 2010 - Minneapolis, Minnesota USA - J & D Acquisitions, LLC (J&D) announced today that it has completed the acquisition of the Carver Yacht and Marquis Yacht Companies from the bankruptcy estate of Genmar Holdings, Inc. (Genmar). The new company will go forward as Marquis Yachts, LLC.
Irwin L. Jacobs, Chairman of Marquis Yachts, LLC stated, "I'm very pleased that we were able to acquire the Carver Yacht and Marquis Yacht Companies through Genmar's recent bankruptcy proceedings. I've been associated with Carver Yachts for over 19 years and Marquis Yachts for 6 years. Both companies have always been recognized leaders and innovators in building world-class, premier yachts. Although the past two years in our industry have been the most difficult throughout my 30-plus years in the recreational boating industry, I'm convinced that the worst is now behind us. Dealer inventory levels for both Carver and Marquis are at historically low levels throughout the world, which gives me great optimism that we should begin receiving several new orders for both Carver and Marquis Yachts from our dealers throughout the world."
Jacobs further stated, "Robert Van Grunsven will be President of Carver Yacht and Marquis Yacht Companies. Robert has been with Carver and Marquis for more than 34 years. Additionally, plans are already under way to begin rehiring both production and management personnel to get our Pulaski, Wisconsin yacht building facility up and running over the next ten days to two weeks."
Robert Van Grunsven, President of Carver/Marquis, stated, "I'm extremely pleased and excited that we will continue to build Carver and Marquis brand yachts and continue our heritage and reputation for building premium quality yachts to serve a global market. I have already received numerous inquires from many of our valued Carver and Marquis dealers throughout the world asking how soon we will be able to begin building the yachts from our facility in Pulaski, Wisconsin. Our plans are to begin production within the next two weeks and we plan on shipping our first newly-completed vessels in early April 2010."
About Marquis Yachts, LLC - Marquis Yachts, LLC is a premier builder of world class yachts which are marketed under the Carver Yachts and Marquis Yachts brands. The company builds its products within a vertically integrated, state-of-the-art yacht building facility that is regarded as the most efficient and comprehensive within the industry. Sales offices are located in Pulaski, WI and Monte Carlo and products are sold and serviced through a worldwide network of certified yacht dealers. For more information visit the company's website at www.marquisyachts.com and www.carveryachts.com.