Ebbtide Boats Completes Sale to Chinese Investment Company

July 20, 2012 - PRLog -- Three Twenty-One Capital Partners, LLC (321 Capital Partners) announced today that it has successfully completed the sale of Ebbtide Corporation, a fi-berglass Sports Boat Manufacturer, to a privately held Chinese Investment Company this week.

recreational boats out of its 150,000sq.ft. facility. Ebbtide’s boats range in size and design, from 18’-28’ and a full complement of cuddy cabins, bow-riders, and deck boat models. Ebbtide Cor-poration has won 23 awards which include Highest Customer Satisfaction Awards and 7 Boat of the Year Awards. Ebbtide handcrafts each boat with a strong attention to detail, carefully hand-rolling each layer of fiberglass to ensure the highest quality craftsmanship. President and former owner, Tommy Trabue; “While selling your company that you have been operating for 44 years is bitter sweet there comes a time when you need to transition yourself to a different position. Ebbtide has been my life all these years and I am proud of our record of designing and manufac-turing excellent boats. Finding the right person to pass our legacy on to was extremely im-portant to me. The new owner of Ebbtide is a Chinese businessman and entrepreneur that plans to build our brand name here in the U.S. and Canada as well as developing Ebbtide into a global brand. He will strengthen the company financially and provide leadership and vision to build the company for the future. He offers an excellent opportunity for all of our employees to grow in his international organization both here and China. I am pleased that I will continue working with the company as the future unfolds.”

The Buyers, based in the Shandong Province of China, and in Chicago, IL, explored options to ac-quire or JV Partner with existing American boat manufacturers over the last 2 years. With support from the Chinese Government, The Buyers acquired an interest in Ebbtide Corporation at the same time that they are developing a complimentary manufacturing facility in the Shandong Prov-ince. George Gong, spokesmen and the President of US operations; “After acquisition, we will in-vest more money to improve the Tennessee facility, and produce more boats to meet customer re-quirements. Furthermore, we would like to promote Ebbtide as a worldwide brand supported by the manufacturing facilities in the United States and China. We will recruit more engineers, designers, employees to produce high quality, modern and advantaged boats.”

Three Twenty-One Capital Partners LLC, headquartered in Baltimore, Maryland, is an interna-tional investment banking firm with over 30+ years of experience investing, owning, operating, buying, selling, and consulting over 400 companies, mostly in manufacturing and distribution. 321 Capital Partners provides solutions to middle market businesses including merger, acquisition, sale, equity or debt financing, and turn-around management. 321 Capital Partners’ principals are industry experts, having owned, operated, bought and sold companies across virtually every spectrum of the manufacturing world. Further information is available at www.321capitalpartners.com.