Premier Pontoons, the Wyoming, Minnesota-based luxury pontoon boatbuilder, 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 Premier team has worked tirelessly over the nine months to assure we continue to build high-quality pontoon boats as an industry leader,” says Gallagher. “The reorganization has Premier poised to increase production levels across each of our lines. We’ve been working with our vendors to plan for our increased capacity. Premier has always built fantastic boats and set the standard in the industry. Our customers can be confident that will continue. 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.
