www.iFourWinns.com

So, Four Winns was bought. This means that warranty, parts, etc are all intact and will remain as usual.

Uh oh, go look at the comment posted under the article posted above. [ ] I could certainly see them move a plant(s) to Mexico for cost cutting.

The CEO of Platinum, Tom Gores, .... The only thing that concerns me about the man is how he screwed his brother's wife.

Former Genmar Chairman Irwin Jacobs told IBI that Platinum Equity purchased all the assets except the Carver and Marquis brands, which he acquired separately with business partner John Paul DeJoria. Jacobs said he made an agreement with Platinum Equity to purchase several other Genmar brands and facilities at a later date. "They said they would be glad to negotiate with me in good faith," said Jacobs. "I trust these people. We got to know them over the last three months." The former Genmar chief added that he doesn't expect Platinum Equity to shut down any brands. "These people will do an incredible job," said Jacobs. "They have all the resources to work with. I think every factory and dealer will be happy with them." Jacobs intends to purchase the Larson, Fincraft and Seaswirl brands as well as rights to VEC technology and the VEC factory in Little Falls, Minnesota. He also wants to purchase the Triumph brand and its production facility in North Carolina.

Jacobs said his new company, J&D LLC, will not have a corporate structure like Genmar did. He will let the brands and factories manage themselves under a "profit-loss" system. "We're discontinuing all corporate overhead and going back to the old way of doing business," he said. "I've complained about other companies that didn't do a good job of managing their businesses, but we were guilty, too."

Jacobs said he would keep "core" management at Carver, Marquis, and the other brands he acquires. Jacobs' new partner, John Paul Jones DeJoria, is a self-made billionaire from Los Angeles, who owns John Paul Mitchell Systems and has interests in a string of other companies that range from Ultimat Vodka to Sun King Solar. Forbes estimates he is worth US$4bn.

Jacobs said Platinum’s plan is to move manufacturing operations of the Glastron line from Minnesota to Cadillac.

Jacobs said Platinum’s plan is to move manufacturing operations of the Glastron line from Minnesota to Cadillac.

The Official Committee of Unsecured Creditors in the Genmar bankruptcy case is asking a judge to set aside the results of last week's auction or, alternatively, deny approval of Irwin Jacobs' bid for the Carver and Marquis lines. "The committee objects to Jacobs, an insider, or his non-debtor affiliates using any of their assets to reacquire portions of the debtor's businesses while leaving over 4,000 unsecured creditors, owed over $100 million, unpaid," the committee said in court documents.

I do not agree that Jacobs should have won his bid. There was an equal bid from another party. Irv the Liquidator to Irv the Insider. I f-ing hate corporate America.