[PCW] Glacier Bay carries on

[Mark]

Does anyone have any information if this was a result of financial
trouble at GB or whether it was part of an expansion or capitalization
plan?

--- On Mon, 11/12/07, Georgs Kolesnikovs <georgs at powercatamaranworld.com>
wrote:

  From: Georgs Kolesnikovs <georgs at powercatamaranworld.com>
  Subject: [PCW] Glacier Bay carries on
  To: Power Catamaran List <power-catamaran at lists.samurai.com>
  Date: Monday, November 12, 2007, 10:01 AM

  Glacier Bay Acquired by Aequitas Capital and Management Team

  Lake Oswego, Ore - October 25, 2007 - Glacier Bay Catamarans, LLC has 
  announced that it has acquired the operations of Glacier Bay Inc. and 
  will continue to build catamarans under the Glacier Bay brand.

  Glacier Bay Catamarans, LLC is a partnership between Aequitas Capital
   
  Management, an alternative asset management firm based in Lake 
  Oswego, Ore., and the senior management of Glacier Bay Catamarans, 
  LLC.

  In making this announcement, Dean Samuelson, President and CEO of 
  Glacier Bay Catamarans, LLC said, "We are very excited about building 
  upon the twenty year heritage of the Glacier Bay brand. Our new 
  partnership will provide us with the financial resources to invest in 
  our people, in innovative new products and in the infrastructure to 
  deliver outstanding service to our customers. We will remain the 
  clear global leader in the powered catamaran market."

  "Aequitas is delighted to have facilitated this buyout through our 
  Catalyst private equity fund," said Andy MacRitchie, executive vice 
  president of Aequitas. "We made the decision to invest in Glacier Bay 
  Catamarans based on the strong brand and long tradition of 
  exceptional customer
   loyalty."

  http://www.glacierbaycats.com/
  -- 
  # # #

  When I pass along press releases that I cross my desk, I post them 
  for what they are, publicity releases from power catamaran builders, 
  designers, dealers and others which represent the viewpoint of those 
  same builders, designers, dealers and others. The discerning reader 
  may need to apply a grain of salt.

  I post the releases for general information purposes, without any 
  verification or endorsement.

  --Georgs

  Georgs Kolesnikovs
      Power Catamaran World
      http://www.powercatamaranworld.com

  PS  Members of the trade are encouraged to ensure I'm on their media 
  contact lists.
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