Novis Marine Sale - Page 5 - SailNet Community
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post #41 of 45 Old 01-24-2008
Thanks Courtney.
 
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Quote:
Originally Posted by camaraderie View Post
T34..."Are you and Cam- related???"

Not yet...but we will be!! Click here



That pretty well sums it up!

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post #42 of 45 Old 01-24-2008
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Cam's pretty good on that banjo.

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You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.

—Cpt. Mal Reynolds, Serenity (edited)

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Still—DON'T READ THAT POST AGAIN.
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post #43 of 45 Old 01-24-2008
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First, I don't have a dog in the fight as they say. No axe to grind pro or con... I have worked with buy-sells before from most of the angles, finance, risk analysis, and have bought and sold my own business. The businessman in me made me curious to find out about the players behind the buy-sell. Typically if you understand the players' history, you can reasonably predict their future actions and strategies. I searched for Grand River Investments and found virtually nothing. It may be a company set up for the sole purpose of purchasing the assets. Not that unusual. I then searched "J. Hunter Banbury" with limited results and revised the search to "Hunter Banbury". Still limited but more enlightening. I suggest anyone interested, curious or a stakeholder/ owner do the same. Then you can judge for yourself. My belief is he is going to try to save the brand. Look at his history in the tool industry. I could be wrong, each should do their own research and make their own judgement. Time will tell.
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post #44 of 45 Old 01-24-2008
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I did look up J. Hunter Banbury and saw his previous experience in the machine and tooling industry. At least he doesn't have a history of tanking sailboat manufacturers like the guy (allen poole) who got his hands on my brand.

Dictated, but not read.
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post #45 of 45 Old 01-29-2008
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tartan c&C

The new CEO is a 40 year old, educated professional but without experience in the yacht market. Without a doubt he has qualifications. The more interesting question here is why did this financial holding company buy the business and what is their exit strategy?? The CEO will march to that tune.
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