Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Saw this posted in another thread, thought it could use its own press.

Congrats to Mike and Compx. They now own CMI and Livorsi :cool: Looks like a formidable team growing there. :cool: :drink:

Manufacturing & Fabrication
Livorsi Marine acquired by Compx Marine

Boating Industry
Tuesday April 25, 2006


GRAYSLAKE, Ill. - Livorsi Marine, Inc., a manufacturer of marine instrumentation, throttles and controls, specialty hardware and custom components since 1988, has been acquired by CompX Marine, Inc., headquartered in Mauldin, S.C., CompX reported in a statement today.

The acquisition includes Livorsi's 20,000-plus-foot manufacturing facility and marine product line, which is standard equipment for boat manufacturers such as Formula, Baja, Fountain, Cigarette, Donzi, Nor-Tech, Outer Limits, and Eliminator.

Mike Livorsi will continue as the president of the company along with Ed Mannion, vice president of operations. Manufacturing will remain at its current location in Grayslake, Illinois.

The Livorsi purchase is the second marine industry acquisition for CompX in the past twelve months. In August 2005, CompX acquired Custom Marine, Inc. of Neenah Wisconsin, a supplier of custom fabricated stainless steel marine exhaust systems to Mercury Racing and other high performance boat builders nationwide.

"We're pleased to have Livorsi join our new marine division," commented Scott James, president of CompX Marine, Inc. "Both CMI and Livorsi are leaders and innovators in their respective markets. We're anxious to generate a manufacturing, operations and sales synergy that will benefit each company in the years to come. Our goal is to concentrate on manufacturing high-end marine components that will enhance the value, longevity and enjoyment for all our customers in the recreational boating industry."

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Wow, Mike gets married and then sells the biz. I don't blame him.

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

is this a good or bad thing for us????

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

stez20 i think the same thing i hope it doin't turn out to be bad . :drink:

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

I helped Mike in the sale of the company. My company Premier Business Group www.teampremier.com is in mergers and acquisitions. We help with a lot of transactions and this one is a terrific fit for both parties. This is all postive for Livosri Marine and the industry. They have plans to grow the company and CompX has the money to do it. First class people at CompX! Plus Mike Livorsi is still at the throttles.

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

brad what other types of companies does compx own?

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Good luck to Livorsi :D :D :D Hopefully it helps us boaters out to!!

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

CMI :)

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

I would say good Stecz. Because, just maybe this BIGGER, mother, takeover, company, CompX, can bring us their newest products through a faster, more efficient, and of course a more COST EFFECTIVE process, thus passing the savings onto the loyal OSO bruthas, who've been there through thick and thin :D :evilb:

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Just purchased CMI also.

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Here is a link http://www.nclnet.com/

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Good for Mike! :drink:

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Hey Brad, you should tell them to buy Powerquest also. They already own part of what goes into a boat, how much more could it cost. :rolleyes:

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

how long till brunswick buys compx?

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

maybe explains why CMI has had a couple farts lately :rolleyes:

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

CMI is doing very, very well since the CompX purchase.
http://www.wisbusiness.com/index.iml?Article=56820

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Livorsi Marine looks forward to continued growth and success with CompX Marine. Be assured I will continue to run Livorsi Marine on a daily basis under CompX Marine providing the best customer service and support you have come to trust. It is the support of OSO members and customers that has made Livorsi Marine what it is today.

Mike Livorsi

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Congrats on the sale Mike, wishing you and CompX continued success, hope this works out well for you and your crew. I spoke to one of your reps today and shipped out my gauges, looking forward to getting all of them up to snuff :D Maybe over the winter we'll have to speak about getting the "correct" name on the faces of all of them :evilb:

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

It is not very expensive to give the gauges a face lift. We need them for a day and you can change dials and rim colors if you want.. When they come back to you they will look brand new.

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Who was CompX befrore all the mergers? What is their primary business?

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

They have a website www.CompX.com

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Will you kep the Livorsi name on the gauges?

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Appears these purchases are their first foray into marine industries.

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Livorsi Marine will stay on the gauges. Not much will change .

Re: Livorsi Marine aquired by Compx Marine, Mike still to remain as President
 

Congradulations Mike and Ed. You built and excellent customer base. I completely understand the sale. Customer Base is what its all about. Have a Great Day!