Chris-Craft Boats for Sale
The latest chapter in Chris-Craft's History
In 2000, Outboard Marine Corporation (OMC) owned Chris-Craft and eight other boat companies. When the boating conglomerate went bankrupt, Chris-Craft's fate was up in the air and hundreds of employees were out of a job. The factory was abandoned and boats sat in various stages of completion. OMC's different brands were auctioned off.
Through a short, but complicated, process, the company passed through a few hands and ended up with Stellican Ltd., a private equity firm that specialized in turn-arounds. At the helm was Stephen Julius. In 1998, he had purchased another ailing but famous boat maker, the Italian company Riva. Julius restructured Riva and developed the Aquariva, the successor to the legendary Aquarama. A short two years later, he sold Riva for a profit to the Ferretti Group, but was sad to see the boat company go. So, he set out to find another legendary boat brand.
