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re: Blue Wave Boats are out of business

Posted on 3/2/24 at 10:29 am to
Posted by lion
Member since Aug 2016
775 posts
Posted on 3/2/24 at 10:29 am to
Pretty well known this was or is going to happen. Their quality has been trash the past few years. Lots of unhappy customers and dealerships had their arms tied as they knew the fate.
This post was edited on 3/2/24 at 10:31 am
Posted by TheDrunkenTigah
Baton Rouge
Member since Aug 2011
17345 posts
Posted on 3/2/24 at 2:25 pm to
I was curious since I’ve been impressed with the few I’ve fished, it looks like it went down like this;

Husband and wife founded company years back, made a good boat and grew

Sons took over business from parents when they retired

PE firm from cali approaches them about funding an expansion, promises to be hands off, then fires the two sons once they own the place and start squeezing every dime out of the name, quality nosedives, sons are suing the firm for forcing them out

PE firm is now broke and has filed bankruptcy due to almost exclusively owning things that inflation kills sales for

Decent chance the firm will be forced to sell back to the brothers either as settlement from the lawsuit or bankruptcy
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