Owners of MasterCraft buy Crownline....
 

WEST FRANKFORT, IL -- (MARKET WIRE) -- 04/11/07 -- Pouschine Cook
Capital Management, LLC today announced that it has completed a
recapitalization of Crownline Boat Company, a leading manufacturer of
18 to 34 foot bowriders, deckboats, sport cuddy cabins and cruisers.
Pouschine Cook has partnered with Kevin Riem, Crownline's Chief
Executive Officer, to provide growth capital and acquire a majority
ownership position in Crownline. Crownline's founders, Tim Claxton and
Laura Claxton Eader, have retained a significant minority ownership
position in the company and will remain active at the board level.
Pouschine Cook's investment follows its prior success with MasterCraft
Boat Company, a leading ski and wakeboard boat manufacturer.

"We are excited to partner with Pouschine Cook," said Kevin Riem,
Chief Executive Officer of Crownline, "Pouschine Cook has a track
record of improving its investments' operations and making prudent
capital expenditures to support growth, ultimately leading to stronger
businesses and larger workforces."

"Pouschine Cook was attracted to Crownline due to the strength of its
brand and dealer network and the strength of its management team and
performance of its employees," said Everett Cook, a Co-Founder and
Managing Member of Pouschine Cook. "Kevin Riem is a dynamic leader and
innovator in the marine industry," said Geoff Teillon, a Vice
President of Pouschine Cook, "We expect to leverage our experience
with MasterCraft Boat Company to further develop Crownline's product
offering, improve communications with dealers and enhance the
consumer's total Crownline experience."

Northstar Capital provided mezzanine and equity capital for the
recapitalization. Churchill Financial LLC and ING Capital LLC were the
Co-Lead Arrangers for the senior credit facility. GE Antares Capital
participated in the senior credit facility and Tricadia Capital
committed to participate in the senior credit facility. Crownline Boat
Company was advised by McColl Partners LLC and Durham Jones & Pinegar.
Schulte, Roth and Zabel LLP represented Pouschine Cook.

Crownline Boat Company. Crownline Boat Company was founded in 1991 and
has grown to become one of the most recognized names in the boating
industry today. Crownline produces boats 18 to 34 feet and has a major
presence in all of its market segments which include bowriders,
deckboats, sport cuddy cabins and cruisers. Crownline and their
staffing partners employ in excess of 500 people.

Pouschine Cook Capital Management, LLC. Pouschine Cook Capital
Management, LLC manages over $250 million dollars of private equity.
Pouschine Cook invests in proven, private, middle-market companies
that are leaders in their niche. As seasoned investment professionals
with significant operating, corporate development and corporate
finance experience, Pouschine Cook's professionals are active
investors who work closely with management and shareholders to build
equity value. Pouschine Cook's past and present investments include
MasterCraft Boat Company, Ampac Packaging, Fantastic Sams, Harlem
Furniture, Interplan Health Group, Doe & Ingalls and A World of Tile.

Owners of MasterCraft buy Crownline....
 

I hope they don't try to resuscitate Crownline by slapping
billboard-sized CROWNLINE logos on the hulls, like they do with
Mastercraft. HMMMmm, I wonder if Mastercraft owners were ever
compensated for being floating advertisements for the builder(?).
JR
who's MaXum logos are sensibly and tastefully sized....
Chuck Gould wrote:
WEST FRANKFORT, IL -- (MARKET WIRE) -- 04/11/07 -- Pouschine Cook
Capital Management, LLC today announced that it has completed a
recapitalization of Crownline Boat Company, a leading manufacturer of
18 to 34 foot bowriders, deckboats, sport cuddy cabins and cruisers.

--------------------------------------------------------------
Home Page: http://www.seanet.com/~jasonrnorth

Owners of MasterCraft buy Crownline....
 

On Apr 11, 4:38�pm, JR North wrote:
I hope they don't try to resuscitate Crownline by slapping
billboard-sized CROWNLINE logos on the hulls, like they do with
Mastercraft. HMMMmm, I wonder if Mastercraft owners were ever
compensated for being floating advertisements for the builder(?).
JR
who's MaXum logos are sensibly and tastefully sized....

Chuck Gould wrote:
WEST FRANKFORT, IL -- (MARKET WIRE) -- 04/11/07 -- Pouschine Cook
Capital Management, LLC today announced that it has completed a
recapitalization of Crownline Boat Company, a leading manufacturer of
18 to 34 foot bowriders, deckboats, sport cuddy cabins and cruisers.

--------------------------------------------------------------
* * * * Home Page:http://www.seanet.com/~jasonrnorth

Crownline is building a pretty good boat right now. If the company
needed to be "recapitalized" it probably had more to do with
management and administration than with product quality.

Owners of MasterCraft buy Crownline....
 

Chuck Gould wrote:
WEST FRANKFORT, IL -- (MARKET WIRE) -- 04/11/07 -- Pouschine Cook
Capital Management, LLC today announced that it has completed a
recapitalization of Crownline Boat Company, a leading manufacturer of
18 to 34 foot bowriders, deckboats, sport cuddy cabins and cruisers.
Pouschine Cook has partnered with Kevin Riem, Crownline's Chief
Executive Officer, to provide growth capital and acquire a majority
ownership position in Crownline. Crownline's founders, Tim Claxton and
Laura Claxton Eader, have retained a significant minority ownership
position in the company and will remain active at the board level.
Pouschine Cook's investment follows its prior success with MasterCraft
Boat Company, a leading ski and wakeboard boat manufacturer.

"We are excited to partner with Pouschine Cook," said Kevin Riem,
Chief Executive Officer of Crownline, "Pouschine Cook has a track
record of improving its investments' operations and making prudent
capital expenditures to support growth, ultimately leading to stronger
businesses and larger workforces."

"Pouschine Cook was attracted to Crownline due to the strength of its
brand and dealer network and the strength of its management team and
performance of its employees," said Everett Cook, a Co-Founder and
Managing Member of Pouschine Cook. "Kevin Riem is a dynamic leader and
innovator in the marine industry," said Geoff Teillon, a Vice
President of Pouschine Cook, "We expect to leverage our experience
with MasterCraft Boat Company to further develop Crownline's product
offering, improve communications with dealers and enhance the
consumer's total Crownline experience."

Northstar Capital provided mezzanine and equity capital for the
recapitalization. Churchill Financial LLC and ING Capital LLC were the
Co-Lead Arrangers for the senior credit facility. GE Antares Capital
participated in the senior credit facility and Tricadia Capital
committed to participate in the senior credit facility. Crownline Boat
Company was advised by McColl Partners LLC and Durham Jones & Pinegar.
Schulte, Roth and Zabel LLP represented Pouschine Cook.

Crownline Boat Company. Crownline Boat Company was founded in 1991 and
has grown to become one of the most recognized names in the boating
industry today. Crownline produces boats 18 to 34 feet and has a major
presence in all of its market segments which include bowriders,
deckboats, sport cuddy cabins and cruisers. Crownline and their
staffing partners employ in excess of 500 people.

Pouschine Cook Capital Management, LLC. Pouschine Cook Capital
Management, LLC manages over $250 million dollars of private equity.
Pouschine Cook invests in proven, private, middle-market companies
that are leaders in their niche. As seasoned investment professionals
with significant operating, corporate development and corporate
finance experience, Pouschine Cook's professionals are active
investors who work closely with management and shareholders to build
equity value. Pouschine Cook's past and present investments include
MasterCraft Boat Company, Ampac Packaging, Fantastic Sams, Harlem
Furniture, Interplan Health Group, Doe & Ingalls and A World of Tile.


WOW - I remember last year when I was selling my Crownline 210ccr that
the guys at BassPro said they would consider it in trade since Johnny
Morris was purchasing them and adding that line to the PassPro family.
oh Well :-)

Well made boats and good customer service.

On my second Crownline Now..

Capt Jack R..