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Malibu Boats
Malibu Boats is an American manufacturer of recreational boats, founded in Merced, California in 1982, and currently headquartered in Loudon, Tennessee with additional production facilities in New South Wales, Australia. Malibu is "the world's largest manufacturer of watersports towboats", used both recreationally and in water skiing and wakeboarding events. History Malibu was founded in Merced, California, in 1982 by Bob Alkema and Steve Marshall. During the first year of operation, "production began at a modest pace of two boats per week", using a single-hull design and a blended gel coat."Malibu Manufacturer Profile", ''Water Ski Magazine'' (January–February 2002), p. 104-109. The company quickly developed a backlog, and increased staff and output. The company implemented an employee stock ownership program in 1986, and had acquired a nine percent share of the market by 1988. With the California plant at full production, the company opened a second plant in Tennessee. By the e ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Great Recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. One result was a serious disruption of normal international relations. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or be bailed out in September 2008. This 2007–2008 phase was called the subprime mortgage crisis. ...
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MasterCraft
The MasterCraft Boat Company is an American manufacturer of luxury high-performance boats. The company was founded in 1968 in Maryville, Tennessee, and is currently headquartered in Vonore, Tennessee. MasterCraft boats are used in waterskiing, wakeboarding and wakesurfing, though the company has also produced several boats that are not focused on water sports, such as the NauticStar line of fishing boats. History MasterCraft's founder Rob Shirley was a young waterskiing instructor who opened a waterskiing school in Florida 1965. In 1968, with the help of a few fellow waterskiers, he modified a Ski Nautique boat manufactured by Correct Craft. The boat was completed in August, and debuted at the U.S. Nationals in Canton, Ohio. In that same year Rob had to close the school and moved to his wife's parent's farm in Maryville, Tennessee. There he founded the MasterCraft Boat Company, which initially operated out of a two-horse barn.
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Fort Pierce, Florida
Fort Pierce is a city in and the county seat of St. Lucie County, Florida, United States. The city is part of the Treasure Coast region of Atlantic Coast Florida. It is also known as the Sunrise City, sister to San Francisco, California, the Sunset City. Per the 2020 census, the population was 47,297. History It was named after the Fort Pierce Army post which was built nearby in 1838 during the Second Seminole War. The military post had been named for Benjamin Kendrick Pierce, a career United States Army officer and the brother of President Franklin Pierce. It was the largest city on Florida's Atlantic Coast between Daytona Beach and West Palm Beach until 1970 when it was surpassed by Melbourne. Geography According to the U. S. Census Bureau, the city has a total area of 20.8 mi2 (53.8 km2), of which 14.7 square miles (38.2 km2) is land and 6.0 square miles (15.6 km2) of it (35.00%) is water. Environment Shore Protection project According to the U ...
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Tiara Yachts
Tiara Yachts is a boat manufacturer based in Holland, Michigan. Its models include both fishing and cruising yachts ranging from 34–53 feet. The company is most famous for coining the term "open" to describe its Tiara 3100. Tiara had a sister company, known as Pursuit, that produces models from 24–42 feet with outboard engines. Pursuit Boats was acquired by Malibu Boats in 2018. History of company Tiara Yachts is known for building mid-sized luxury yachts. The company’s founder, Leon Slikkers, owned and operated another yacht building company before he founded his second company, S2 Yachts (parent company to Tiara). Even before that, Slikkers worked at Chris Craft. Slikkers' next move in his career was owning and operating Slickcraft, which focused on building motor-powered boats. In the late 1960s, many large public yacht companies were looking to buy smaller companies in the interest of drawing new stockholders and diversifying their stock. A company based in New York, ...
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Sea Ray Boats
Sea Ray Boats is an American manufacturer that produces recreational motorboats. It currently operates as part of the Brunswick Boat Group, a division of Brunswick Corporation. History It was founded in 1959 by Zach Ray as an independent company, Ray Industries, in Detroit, Michigan, with fiberglass boats being made at a factory in Oxford, Michigan. That company was bought in 1986 by Brunswick Corporation for $350 million. At the same time, Brunswick purchased the Bayliner brand, making Brunswick the largest pleasure boat producer in the world. Sea Ray opened a plant in 1972 at Merritt Island, Florida. It eventually grew to three plants at that location. It employed more than 1,500 workers at its peak. At that time, it produced about 20 sport yachts weekly, each retailing from $200,000 to $500,000. It largely phased out operations during the Great Recession. In 2017, Brunswick Corporation announced that they intended to divest the Sea Ray line. In July 2018, however, Brunswick a ...
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Brunswick Corporation
Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Today, Brunswick has more than 13,000 employees operating in 24 countries. Brunswick owns major boating brands, including Sea Ray, Boston Whaler, Bayliner, Mercury Marine, Attwood, Lund, Crestliner, Mastervolt, MotorGuide, Harris Pontoons, Freedom Boat Club, Princecraft, Heyday, Lowe, Uttern, Quicksilver and CZone, among many others. In 2021, Brunswick reported sales of US$5.8 billion. Brunswick's global headquarters is in the northern Chicago suburb of Mettawa, Illinois. On October 4, 2021, Brunswick Corporation announced that it has completed its acquisition of Navico, a global leader in marine electronics and sensors for $1.05 billion, adding to Brunswick the industry leading Navico brands of Lowrance, Simrad, B&G, and C-MAP. History Brunswick was founded by John Moses Brun ...
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Wichita Eagle
''The Wichita Eagle'' is a daily newspaper published in Wichita, Kansas, United States. It is owned by The McClatchy Company and is the largest newspaper in Wichita and the surrounding area. History Origins In 1870, ''The Vidette'' was the first newspaper established in Wichita by Fred A. Sowers and W. B. Hutchinson. It operated briefly. On April 12, 1872, ''The Wichita Eagle'' was founded and edited by Marshall M. Murdock, and it became a daily paper in May 1884. His son, Victor Murdock, was a reporter for the paper during his teens, the managing editor from 1894 to 1903, an editor from the mid-1920s until his death in 1945. In October 1872, ''The Wichita Daily Beacon'' was founded by Fred A. Sowers and David Millison. It published daily for two months, then weekly until 1884 when it went back to daily. In 1907, Henry Justin Allen, Henry Allen purchased the ''Beacon'' and was publisher for many years. Mergers The ''Eagle'' and ''Beacon'' competed for 88 years, then in 1 ...
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The Spokesman-Review
''The Spokesman-Review'' is a daily broadsheet newspaper based in Spokane, Washington, the city's sole remaining daily publication. It has the third-highest readership among daily newspapers in the state, with most of its readership base in eastern Washington and northern Idaho. History ''The Spokesman-Review'' was formed from the merger of the ''Spokane Falls Review'' (1883–1894) and the ''Spokesman'' (1890–1893) in 1893 and first published under the present name on June 29, 1894. The ''Spokane Falls Review'' was a joint venture between local businessman, A.M. Cannon and Henry Pittock and Harvey W. Scott of ''The Oregonian''. The Spokesman-Review later absorbed its competing sister publication, the afternoon ''Spokane Daily Chronicle''. Long co-owned, the two combined their sports departments in late 1981 and news staffs in early 1983. The middle name "Daily" was dropped in January 1982, and its final edition was printed on Friday, July 31, 1992. The news ...
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Neodesha, Kansas
Neodesha is a city in Wilson County, Kansas, United States. As of the 2020 census, the population of the city was 2,275. The name is derived from the Osage Indian word, ''Ni-o-sho-de'', and is translated as ''The-Water-Is-Smoky-With-Mud''. History 19th century The first settlers in the area that would eventually become Neodesha established a trading post in October 1867 to the northwest of the present town. They were allowed by the Osage Indians to establish a trading post on the Osage Diminished Reserve because the nearest trading post was over thirty miles away. After the Drum Creek Treaty had been signed by the Osage tribe in September 1870 and the tribe moved to Indian Territory; it opened the way for settlers to move to the area. Neodesha was incorporated March 2, 1871 and the original plat was filed with the U.S. Land Office in July 1871. Neodesha is an Osage name meaning "meeting of the waters". The first railroad was built through Neodesha in 1879. The first comme ...
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