Capital Yachts Inc.
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Capital Yachts Inc.
Capital Yachts Corporation, also called Capital Yachts, Inc. was an American boat builder based in Harbor City, California. The company operated as a division of Lindsey Plastics and specialized in the design and manufacture of fiberglass sailboats.Henkel, Steve: ''The Sailor's Book of Small Cruising Sailboats'', pages 47 & 299. International Marine/McGraw-Hill, 2010. History The company was founded by Jon Williams and Bill Smith in 1971 when they purchased the tooling for the Newport series of boats from Elgin National Industries of New York, who owned Newport Boats. Capital Yachts put the Newport series back into production and also had new boats designed by American naval architect Gary Mull and the Canada, Canadian design firm of Cuthbertson & Cassian, famous for the C&C Yachts series. Williams and Smith had their start as sailboat dealers in the area of Santa Monica, California, before moving into manufacturing. The company produced boats in three marketing lines: Gulf, N ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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