Parker is a 55-year-old company that builds offshore and inshore fishing boats. Correct Craft CEO Bill Yeargin told Trade Only Today that the Parker acquisition will put the company into a new saltwater segment.
â€śThis really excites us,â€ť said Yeargin. â€śWe look forward to being an important part of the offshore fishing segment.â€ť
Yeargin said the acquisition will help Parker expand production capacity and use Correct Craftâ€™s manufacturing and operational processes. Correct Craft plans to immediately start making investments in product development, according to Yeargin. â€śWe believe we can build on the foundation built by the Parker family,â€ť he said.
There will be no management changes. Linwood Parker will continue to lead the company.
â€śI have been spending time with Linwood Parker for a couple years and developed tremendous respect and love for his family,â€ť said Yeargin. â€śThe Parker family has built something special and we could not be happier to have them join the Correct Craft family. Their exceptional culture was a key factor that attracted us to make this acquisition. They share our passion to make life better for our customers.â€ť
â€śI am looking forward to growing and expanding Parkerâ€™s production capacity and leveraging Correct Craftâ€™s operational excellence initiatives, which will allow Parker to meet our current dealersâ€™ needs and aggressively bring new product to market,â€ť said Linwood Parker in a statementannouncing the acquisition.
Parker manufactures center consoles, sport cabins, walk-arounds, and dual console boats from 18 to 28 feet LOA.Â