About us

Headquartered in Elkhart, Indiana, Nautic Global Group was one of the world’s largest producers of cruisers, hurricane boats, pontoon boats, specialty fishing boats and bowriders.

Opportunities and Challenges:

• Rollup of four recreational brands (Godfrey, Rinker, Polar Kraft and Hurricane) owned by hedge fund
• Integration synergy opportunities were thought to exist; synergies and strategies were disjointed and the rollup failed to deliver anticipated opportunities.

Solutions and Results:

• QORVAL engaged in the CEO role
• Critical integration teams were formed to drive synergy savings, best practices and culture change
• Served on the management team directing and participating in strategy definition
• Modified and improved critically deficient business practices including bill of materials, product concept to production, pricing strategies, facility rationalization, and global sourcing strategies
• QORVAL led efforts to transform the company and prepare it for exit through a sale process in part or whole.
• Significant operational overhead savings
• Redirected company from “adrift at sea” to “clear direction and course”
• Improved dealer relations and sales and marketing strategy
• Focused on products and initiatives that produced profit
• Modeled company to optimize profits post-sale (helped buyers see the opportunity)
• Led sale of company
• Identified buyer
• Closed sale
• Jobs and lines saved
• The company survived, but changed form, ultimately integrated and sold with Bennington Marine to Polaris Industries for $850MM