Private Equity Firm Buys Hatteras Yachts

There's a new owner for Hatteras Yachts.

An affiliate of Versa Capital announced today that's it's buying Hatteras/CABO from Brunswick Corporation. Terms of the sale, which is effective immediately, were not announced,

Hatteras, which is based in New Bern, started producing yachts in 1959.

The local plant has seen multiple layoffs in the past several years, including two significant reductions this year. The company says it now employs approximately 275 people in New Bern and Fort Lauderdale, Florida.

Versa, which is a Philadelphia-based private equity firm, says it will keep John Ward as the president and CEO, as well as retaining virtually all of the employees.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 218530821 - witn.com/a?a=218530821
Gray Television, Inc.