Correct Craft creates team to explore marine industry investments

ORLANDO, Fla. — Correct Craft Inc., manufacturer of Nautique boats, has created a team of in-house and external industry veterans to begin exploring investment opportunities within the marine industry, the company said in a statement today. Correct Craft is acting in collaboration with Ambassador Enterprises, a private equity company that obtained full ownership of Correct Craft in 2008.

The team will be led by Correct Craft’s President/CEO Bill Yeargin. Yeargin has also recruited Chuck West, former CEO of Mastercraft, Russell Baqir, former President of Textron Marine Finance, and Sean Marrero, Correct Craft’s CFO.

“I am excited to be leading a team of top industry veterans in exploring investment opportunities within our industry. While many are retreating in this difficult economic environment, we want to move forward aggressively,” Yeargin said in the release. “We have a great team that we believe will identify the right potential partners for both Correct Craft and our parent company, Ambassador Enterprises.”

To contact the team for more information, go to marineteam.biz.

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