Mr. Grindle brings to Hatteras Yachts his extensive experience in the recreational marine manufacturing sector. Prior to Vista Outdoor Inc., he spent 15 years as Senior Group Vice President, Marine Electronics, Watercraft and Diving, at Johnson Outdoors, Inc. in Racine, Wisc., maker of such well-known brands as Minn-Kota, Humminbird, SCUBAPRO and Old Town. During his tenure at Johnson Outdoors, Mr. Grindle is credited with restructuring and turning around the Watercraft Division, as well as quadrupling the size of the Marine Electronics Group through strategic acquisitions and organic growth spurred by innovation.
Mr. Grindle said, "I'm excited to join an iconic American brand that is recognized as a leader in building highly coveted sportfishing and motor yachts. I look forward to working with the Hatteras team to drive new growth through innovation and exceptional customer service."
About Hatteras Yachts:
For over 58 years, Hatteras Yachts, has been recognized as a world leader in the construction of express boats, sportfishing convertibles and luxury motor yachts. Based in New Bern, NC, Hatteras has defined the industry and pioneered the production of large offshore fiberglass powerboats, starting with the introduction of its first model, Knit Wits, in 1959. Hatteras builds luxury motor yachts from 60 to 100 feet, sportfishing convertibles from 54 to 77 feet, and the 45 Express. For more information, visit www.hatterasyachts.com.
About Versa Capital Management:
Based in Philadelphia, Versa Capital Management, LLC is a private equity investment firm with more than $1.4 billion of assets under management focused on control investments in special situations involving middle market companies where value and performance growth can be achieved through enhanced operational and financial management. Versa has a diverse portfolio of North American businesses including Allen-Vanguard International, Bell+Howell, Bridgestreet Global, Polartec, SynCardia Systems, and Silver Airways. More information can be found at Versa.com.
© 2017 Hatteras Yacht
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SOURCE Hatteras Yachts