Genmar Holdings Genmar Holdings, Inc. was the second largest manufacturer of recreational motor boats , founded in 1978. It was headquartered in Minneapolis, Minnesota with offices in Little Falls, Minnesota and Cadillac, Michigan .filed for Chapter 11 Bankruptcy .Holdings It owned the Aquasport , Carver Yachts , Champion Boats , Crestliner , Glastron , Hatteras Yachts , Larson Boats , Lowe Boats , Scarab Boats , Trojan Yachts , and, Wellcraft brands.Major transactions In 2001 , Genmar sold Hatteras Yachts to Brunswick Corporation in an $80M cash transaction . In 2010, PBH Marine Group bought 11 brands, including Ranger Boats , Stratos Boats , Champion, Wellcraft, Four Winns, Larson and Glastron out of bankruptcy for $70 million. Platinum Equity bought the Ranger and Stratos lines of business in February 2010 . The Carver Yachts and Marquis Yachts assets were purchased for $6.05 million by J&D Acquisitions LLC, a company created by former Genmar owner Irwin Jacobs , along with investor John Paul DeJoria .
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