Platinum Equity Finds Safe Harbor in Ranger Boats

As part of its acquisition of Genmar, Platinum assumed ownership of venerable boating brand Ranger Boats, which is among the nation’s largest manufacturer of premium fiberglass fishing boats.

Ranger embraced the new ownership and emphasized its full support of Platinum. The boating company will benefit from a new capital structure and will maintain focus on building the highest quality fishing boats in the industry.

Ranger entered 2010 with the strongest boat lineup in its 40-plus year history and was heralded by industry leaders for its aggressive development of new models.

Full story at rangerboats.com…