Premier Pontoons has announced that it has exited Chapter 11 bankruptcy. The company, under new ownership, will continue to manufacture boats for distribution nationwide.
Premier first filed for Chapter 11 bankruptcy in June 2017. Under Chapter 11, it reorganized and was purchased by Premier Pontoon Holdings, a Minnesota-based company. Premier founders Bob and Betty Menne will continue at the company under the new ownership. Lori Melbostad will become Premier’s executive vice president. Rick Gallagher will serve as the new CEO.
“The reorganization has Premier poised to increase production levels across each of our lines,” Gallagher says. “Several innovative projects paused over the past year are resuming. We’re excited to show the marketplace what the Premier team and our dealers will accomplish next.”
For more information, visit pontoons.com.
