Liberty Ceases Providing Management Services to
American Marine Holdings
Boca Raton, FL and Washington, NC – October 7, 2011: Liberty makes the following announcement regarding its participation in American Marine Holdings (AMH), which includes the boat brands Donzi, Fountain and Pro-Line.
Effective today, Liberty has ceased providing management services to AMH and Liberty’s affiliate has transferred its nominee ownership interest in AMH to FCC, LCC d/b/a First Capital, a portfolio company of HIG Capital. Liberty has enjoyed its part in steering the company through the very difficult times that the boat manufacturing industry has experienced recently, and wishes FCC continued success with AMH in the future.
Starting in 1964, Donzi, Pro-Line and Fountain have established themselves national and international recognized brand leaders in offshore powerboat racing, performance and recreational fishing tournaments, the performance Cruiser marketplace, while building a loyal, worldwide customer base. The three brands are manufactured in a modern 250,000 square-foot facility on the Pamlico River in Eastern North Carolina.