Little too early to tell exactly what the entity who purchased the assets of Givens will be calling themselves. I can tell you I know who made an offer of $20000 that beat my $15000 offer for the assets. It was two gentlemen that claimed they were investor shareholders of Givens Marine Manufacturing Inc. There names were Tom Swift (lawyer) and Kiri Humphrey's (venture capitalist).
I objected to there being allowed to make an offer for the assets, but the judge allowed it anyway and gave them 3 hours to come up with the 10% certified funds deposit. They provided a bank check which the judge said was fine. Because there were two offers on the table for the assets, Diane Finkle requested to hold an auction between the parties in a side room of the court. I spoke to the judge during the hearing by telephone and also was called by Finkle to attend the auction. She stated, though Mr. Humphreys was bidding on his own behalf, he has the option to put the assets in the name of an entity of his choice. This made me feel like that had certainly already been determined. After her opening the assets up for auction, she said she had a bid for $20000 and ask would I like to make a bid. I replied, No. That seemed to catch her off guard. So the assets were sold to the two people who were involved with the company that sold rafts to many people (me included) and did not deliver them. So, they got the company back, and the debt is gone.
I wanted to move the manufacturing to Virginia and breath life back into this excellent product. I'm sorry that did not happen, but this deal stunk from the beginning.
Under the circumstances, I second the warning to current and future owners of the Givens liferafts. During our due diligence we were provided letters from the Coast Guard that stated Givens Marine Survival Inc. and the Manufacturing entity were suspended from servicing and manufacturing USCG approved liferafts. They apparently failed to follow procedures and the certified inspection company refused to audit them anymore for failure to correct violations and failure to pay them for services rendered. Until these serious circumstances are corrected I suggest you do your best to have a reputable service company handle the servicing of your rafts. If you have a USCG Approved raft, maybe you should give the CG a call for help in determining if you can get a service company other than Givens to service your raft. Givens didn't let anyone else service the rafts they manufactured.
I purchased a 8 man raft at the Annapolis boat show in 2011 from Lori Perrino. In February of 2012 I sent my 10 man Givens liferaft to Givens for servicing. I told Lori I wanted them shipped together to save on shipping. That is when I was told the new raft I purchased was from a different company named Givens Marine Manufacturing inc. I told Lori she was the only person I ever talked too. She said she used to work for the "other" company, but was fired in January with no notice. Needless to say I never got my new raft I paid $6690 for.
And after this attempt at acquiring the assets of Givens, I am greatly concerned about the 10 man raft Givens Marine Survival serviced for me at a cost of over $1500. The envelope that came with my raft stated the bottle still needed to be hydro'd. When I asked Lori about this she stated everything was fine and it was done. The record does not reflect those comments. As much as I hate to do this, I am going to have to open my liferaft to inspect there work. I don't want to put my families life in the hands of these people. When I open and inspect it, I will videotape the whole event. And if I can get a Coast Guard official to stand by and observe, I will.
I am curious to see who pops up as the manufacturer of these rafts after the sale of assets. This was a tragedy that extends back to when the inventor Jim Givens lost control of his invention to the Perrino's. Jim Givens provided this world with the best raft in the world ( my opinion ) and if I ask anything, it would be to remember Jim Givens for the contributions he made to the industry which set the bar for the other liferaft manufacturers to provide safer liferafts.
To set the record straight, I saw another poster was under the impression Frank was Lori's husband, actually, Frank is Lori's father.
Leading up to the sale of the assets, I noticed Lori was trying to sell a lot of rafts via Craigslist and on eBay under the username lorianna125 and on another website she operates called liferaftsonsale.com | "Marine Survival Equipment Specialists"
. Lori's email is firstname.lastname@example.org
I thought she may have been attempting to raise money to make a bid on the assets. But that couldn't be true because, all the documents stated Givens Marine Survival would not compete with Givens Marine Manufacturing. And clearly these sales would be considered competing. And they wouldn't do something as unprofessional and underhanded as that. Are you picking up what I'm putting down?
Oh, I almost forgot, when we contacted the Tiverton tax assessors office concerning Givens Marine Survival Inc., they stated they have not paid taxes since 2008 and a man in the office overheard the conversation I was having with the lady in the office, and he said he went by the location personally and was told they do not operate that business there anymore. Though Givens Marine Survival Inc. is a corporation in good standing in Delaware, it is not registered in the state of Rhode Island. For a company who is "not in business" they sure got a lot of my money. They run many online type businesses from that same building, which is owned by Frank Perrino.