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Offshore Performance in Maryland

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Old 03-30-2008, 08:59 PM
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Default Offshore Performance in Maryland

What happened to Offshore Performance in Grasonville, MD, they are now owned by the North Atlantic Marine Group, and sell Formula Boats, I thought Full Tilt Marine sold Formula Boats? They are right across the street from each other.
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Old 03-30-2008, 09:28 PM
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Yes bill sold offshore performance to north atlantic marine group and there are two formula dealers across from one another

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Old 03-30-2008, 09:52 PM
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That make no Business sense to me whatsoever, I cant even get another waverunner line in because Shorts Marine is 3 miles from my shop? this does not make sense to me?
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Old 03-30-2008, 10:04 PM
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Full Tilt and Formula parted ways in October 2007...
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Old 03-30-2008, 10:20 PM
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They have alot of Formulas to get rid of! what are they selling now?
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Old 03-31-2008, 07:42 AM
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I thought Full Tilt was just allowed to sell there left over inventory? I heard NAMG was and is the newest Formula Dealer. Anybody know for sure?
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Old 03-31-2008, 09:01 AM
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Quote:
Originally Posted by C_Spray View Post
Full Tilt and Formula parted ways in October 2007...
Along with a bunch of other dealers who have parted ways with Formula. Its a real shame becuase the Porter family are such great people and Formula dealers usually have a long history with them. With the current market conditions, they brought in some bozo who put a gun to their top dealer's heads and said "either order $5MM worth of product or you are history!" Most of the dealers wanted help moving 2006 & 2007 inventory but Formula said "NOPE!"

They also got in bed with Passport Marine "new distributor and franchiser" to the world and they ordered $15MM++ in boats. But they imploded in less than 12 months!

A real shame but the Porters were hell bent on not scaling production back and laying people off which is admirable. Unfortunately a whole lot of dealers got screwed in the process. Now, they are sitting on top of a monumental problen and trying to figure out how to clean the mess up.
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Old 03-31-2008, 10:44 AM
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Sounds like a couple other high performance manufactures that are losing their best dealers.....
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