C-Dory has been sold

[matt_unique]

To a company called Liquid Marine LLC. I look forward to seeing a new direction from the new owners to preserve the valuable brand equity and of course our customer service experience. I understand many key employees are still there including Frank Walters (warranty dept.) and others.

 

[Sarge]

Matt,

Can you cite an article or news release that provides more information?

Thanks,

 

[matt_unique]

I cannot find anything online as of yet. I was speaking to an employee this afternoon who explained the recent change in ownership.

 

[Sawdust]

Isn't that a Livingston company?? Curious...

Dusty

 

[thataway]

Until more details come out, I would not speculate on any direction. Venture capital groups are formed all of the time to buy boat companies. There is one principle who has been involved for some time with the C Dory Marine group, who specialized in raising venture capital.

At times name changes and "sales" are only paper transactions--and may still involve the same people in administration. What I would hope is that whomever takes the reins, if different than current, are more responsive to the needs of owners and purchasers.

 

[Sawdust]

Agree, Dr. Bob --

But if I'm speculating right, Jeff M. will be back, and that would be a huge plus IMO. Just speculation!! At my ripe years I just sit rock and speculate (dream).

Duster

 

[Sawdust]

Where do you go from Sequim, Bob?

Dusty

 

[Wefings]

No announcement yet ,to the dealers anyway ........... We know something is up . Dont know what . Probably very good news . Bob , did you buy it ????
Marc

 

[Leo Smith]

Does this mean that Ricardo is now the boss of C-Dory?

Leo

 

[matt_unique]

...
At times name changes and "sales" are only paper transactions--and may still involve the same people in administration...

Agreed, and this was part of what was explained to me. Though I know there is a new CEO and some other new people.

I look forward to seeing what comes next.

 

[fiddlersgreen6]

I really hate to say this, but, the last three buy outs that I have experienced, in other major business buy outs, in my area, that said liquid, really mean liquidate! My neighbor travels all around the country liquidating businesses, and his company name is something like Liquid Assets! And the LLC is a limited liability corporation. Maybe C-Dory spent way to much money trying to put Toland out of business. Maybe we as a group should,(could) step in and buy the business and return it to it's old glory, one boat at a time, a waiting list, competent service,with the customer, and quality first, and bring Mark M. back as CEO. Just a thought------Rich

 

[chromer]

Liquidation... is this why people are buying up '84 Anglers?

 

[Jeff M]

My understanding is that the new new owner of C-Dory is actually Fluid Marine LLC. Not to be confused with Fluid Motion LLC which is the legal name of our company. Fluid Motion LLC/Ranger Tugs has no ownership interest in Fluid Marine LLC/C-Dory Marine nor do they have any ownership interest in us. I am not privy to all of the details of this transaction and would be out of line to comment any further. I am sure that the new ownership will release the details in the near future. We wish them the best!

I look forward to seeing many of you at Trawlerfest Anacortes this weekend!

Thank you,

Jeff Messmer

 

[matt_unique]

My understanding is that the new new owner of C-Dory is actually Fluid Marine LLC. ...

OMG Jeff - you are exactly right - that is just what I was told as well but typed the wrong name in my first post above. My apology to everyone for that goof!!!

 

[Pat Anderson]

Well, a search on the Secretary of State's corporations web site fails to turn up any registered LLC or corporation called "Fluid Marine." There is a "Marine Fluids LLC" from Eatonville, but I doubt that this is the one. Ricardo's company is Madison Bay Holdings, which doesn't tell us anything one way or the other, but I would not be surprised if it is Ricardo who will be in the driver's seat..I guess we'll have to wait and see how it all plays out...

 

[Sneaks]

Well, a search on the Secretary of State's corporations web site fails to turn up any registered LLC or corporation called "Fluid Marine."

I'm surprised, little nephew, you of all people should know everything there is about governmental lethargy. If it were here, the LLC would be listed by the State on line many months after creation. Is WA that fast?

Personally I think the ultimate irony would be if the Tolands were major players in the buyout. (sigh) Then again I haven't heard from Da Nerd or his sidekink Mike in some time. Maybe they decided to use C-Brat membership fees for a good cause.

Actually I feel better about the whole thing. Too many boat manufacturers have simply closed their doors in the past year or so.

Don

 

[TN Ranger]

C-Dory has been sold.
Fluid Motion, LLC is not involved.
Fluid Marine, LLC is the new name (owner)
On good authority, the new investor has no experience with boat manufacturing,
On good authority, Ricardo is NOT to the new owner is NOT the new CEO.
On good authority, a new CEO has been named.
On good authority, the present operating management will stay on.
On good authority, the new owner brings capital to the table.
On good authority, the company is NOT being liquidated.
On good authority, warranty concerns will be addressed.
On good authority, quality concerns will be addressed.
On good authority, production schedules will be stream-lined.
On good authority, the present dealer net will be reinforced with new dealers.
On good authority, more information will be made available over time.

 

[C-Hawk]

And would you care to identify yourself?--- on good authority of course.

 

[dotnmarty]

Can I still get a free hat?

 

[matt_unique]

BTW the new CEO is Rich Finley.