Correct Craft acquires Parker Boats

Correct Craft announced that Parker Boats has joined the Correct Craft family. Based in Beaufort, N.C., Parker is a 55-year-old company that builds premium offshore and inshore fishing boats.

While the acquisition allows Correct Craft to enter into a new segment of the marine industry with a new product line, it enables Parker to expand its production capacity and leverage Correct Craft’s renowned operational experience. This will bring new product and engineering technologies to the Parker plant. Correct Craft has no plans to move the company or change Parker’s management.

Parker manufactures center consoles, sport cabins, walk-arounds, and dual console boats.

“I am extremely pleased to announce that Parker Marine Enterprise is joining the Correct Craft family. Correct Craft, founded in 1925, has built a legacy of quality, performance and innovation that is dedicated to Making Life Better for all involved. Parker has built a grand reputation for strength, simplicity and seaworthiness.” Parker Boats President Linwood Parker stated. “I am looking forward to growing and expanding Parker’s production capacity and leveraging Correct Craft’s operational excellence initiatives which will allow Parker to meet our current dealers’ needs and aggressively bring new product to market.”

“We could not be more thrilled to have Parker Boats as part of the Correct Craft family. Linwood Parker and his family have built an impressive business and brand with an outstanding team and we are excited about them joining Correct Craft.” said Correct Craft President and CEO Bill Yeargin. “Parker Boats will enter Correct Craft into a new segment of the marine industry with a compelling product line and brand. More importantly, Correct Craft and Parker’s values are aligned which will help us continue to execute our mission of making life better!”