Hinckley Yachts Under New Ownership

Soundings TradeOnly.com reports that an official with the Hinckley Company of Southwest Harbor, Maine, has confirmed that majority ownership of the venerable yacht manufacturer has passed to Scout Partners, LLC, an investment company based in Rhode Island.

“The company has in fact been sold,” Phil Bennett, the company’s vice president for sales, told the Bangor Daily News on Tuesday. “It’s something we’re excited about.”

Scout Partners is a partnership between David Howe and Peterson Capital LLC, and was created specifically to work closely with U.S.-based companies that have shown significant potential for long-term success. Peterson Capital was founded by former U.S. Commerce Secretary Peter G. Peterson, according to a Hinckley statement.

To read more:

Trade Only

Bangor Daily News

Hinckley Press Release

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