Correct Craft Acquires Two Engine Companies - PCM Marine Engines and Crusader Engines

[NautiqueJeff]

Official Correct Craft Press Release
ORLANDO, FL (October 20, 2014) Today Correct Craft announced it has acquired the companies who manufacture both PCM Marine Engines and Crusader Engines. The acquisition became effective on October, 16, 2014.

Correct Craft, the owner of both Nautique Boat Company and Aktion Parks, now owns 100% of both PCM Marine Engines and Crusader Engines. Correct Craft announced it has no plans to change either the management or the location of the engine companies.

PCM, manufacturer of the world’s best engines, has been in business for nearly forty years providing outstanding engines and service all over the world from its headquarters in Little Mountain, South Carolina. PCM is known for premier product, unsurpassed quality, leading innovation and exceptional service.

Crusader Engines, also manufactured in Little Mountain, South Carolina, is highly regarded as a premier manufacturer of engines used in salt water. This past year Crusader expanded their product offering with its outstanding new “Challenger” series of inboard towsport engines.

Correct Craft’s President and CEO Bill Yeargin stated, "PCM and Crusader are two of the top engine manufacturers in the world and we could not be happier to have them as part of the Correct Craft family.” “I look forward to working with the outstanding PCM and Crusader teams as together we look for opportunities to make their excellent products, service and brands even better. The future of both brands is bright!” Yeargin added.

To read more about this acquisition in Bill Yeargin’s CEO blog please click HERE.

[nukemustang]

I wonder what this means for other boat manufactures?? I was pretty sure MC used Crusaders in their Saltwater series and I thought a few other boat manufactures used PCM engines.

[NautiqueJeff]

We will be doing an interview with Correct Craft President/CEO Bill Yeargin about this very soon. Get your questions ready!

[shawndoggy]

What are PCM/Crusader going to do for an entry level offering next year when the 5.7 goes away?

Is the Indmar/Ford relationship exclusive, or can PCM start using the Ford 6.2 too?

Why hasn't PCM developed the LS3 for marine use?

[wawasee]

This is interesting news. I hope a good business move for Correct Craft. It will be fun to watch what this move does to change the inboard engine supply market.

[shag]

They must have some serious capital to be able to buy these two companies.... Guess all those G sales helped

[swatguy]

Man this is quite the purchase. Wonder what this means for Tige and Axis. I am
Not sure how I feel about a boat mfg "owning" the engines as well. Not sure how that plays into engine development and competetion. Only time will tell. I will say though of all the engine companies I am glad CC stuck with PCM

[swatguy]

Guess Tigè solved its own problem by going Indmar for 2015. I am also curios to see what PCM has to compete with the new Indmar Standard Engine of the 6.0 Raptor. I have heard rumors PCM has something in the works that beats it in HP and Torque as a base engine but they are just that.

[ski4evr]

Probably stupid dream, but could be the most direct way to help lower the price on new rigs.

[shawndoggy]

Guess Tigè solved its own problem by going Indmar for 2015. I am also curios to see what PCM has to compete with the new Indmar Standard Engine of the 6.0 Raptor. I have heard rumors PCM has something in the works that beats it in HP and Torque as a base engine but they are just that.

Must be ford as well? Thing is the base raptor motor also beats the PCM 6.0 so to compete with the ford will take a shakeup to the PCM lineup. Why would someone "upgrade" to the 6.0 if the base motor has more power and torque?

[slick1234]

I am
Not sure how I feel about a boat mfg "owning" the engines as well.
in refrence to swotguy look at Brunswick they at one time owned over 15 boat companies, now about half a dozed, they also own Mercury Marine, sterndrives and outboards

[st68]

I am sure this is a good thing. CC competitive edge is the quality of their boats.... if they ever stray from this then it would not go well for them. For this reason I am sure PCM will only be that much better going forward. If we are speculating and you look at the announcement picture the PCM guy looks retirement age... that makes the most sense is that it is sunset time for him.

[jonsquatch]

Probably stupid dream, but could be the most direct way to help lower the price on new rigs.

Sounds like a good dream... but still a dream ;-)

[TN_Rider]

I bump this thread as I find it interesting that they have two engine companies but I have now seen two of the raptor motors in G23's. Perhaps testing to come out with a similar base engine?? Also, the raptor looked like there was PLENTY of room left to work on around it in a G.


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