Precision Boat Works
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Precision Boat Works
Precision Boat Works, Inc. is an American boat builder, initially based in Palmetto, Florida and now in Sarasota, Florida. From 1978 until 2018, the company specialized in the design and manufacture of fiberglass sailboats, but today just produces parts for their existing fleet.Henkel, Steve: ''The Sailor's Book of Small Cruising Sailboats'', pages 54, 55, 122 and 245. International Marine/McGraw-Hill, 2010. The company was founded by brothers Richard and Bill Porter in 1978. History The first design produced was the Uffa Fox and George O'Day-designed Day Sailer, as well as the Seaforth 24. Many of the company's boats were designed by naval architect Jim Taylor of Marblehead, Massachusetts, a designer known for his America's Cup competition boats. By 2018 the company was producing six designs, the Precision 15, Precision 165, 165, Precision 18, 18, Precision 185, 185, Precision 21, 21 and the Precision 23, 23. After a production run of nearly 5,000 boats, the Porters decide ...
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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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