CPWB's Gekko Line Atop its Class
Looks like Challenger Powerboats Inc., really did their homework before scooping up IMAR Group (IMAR), manufacturer of Sugar Sand recreational jet boats and licensee of Gekko recreational tow boats.When the deal was announced January 31st it was stated that IIMAR did approximately $12 mil in un-audited unconsolidated revenues during 2006. This becomes very believable with the arrival of today's news that CPWB has sold 3 Gekko towboats to a dealer partner for an estimated $120k.
Labels: Challenger, Challenger Powerboat
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