sunchaser
Guru
- Joined
- Apr 9, 2008
- Messages
- 10,293
- Location
- usa
- Vessel Name
- sunchaser V
- Vessel Make
- DeFever 48 (sold)
I wouldn't worry about the Chouest family as they are primarily suppliers of vessels for offshore supply but also their company doesn't have the kind of debt you're so use to seeing. Actually the last I knew they had more demand for boats than they could build in their facilities and had even farmed some builds out. Now that's not saying a downturn isn't possible.
The good part of them acquiring is that it's kept in the hands of boaters and not an investment firm. The Chouest family has always been actively involved, especially in fishing (They own ACY as well). Oh and Gary did already personally own a Westport.
Chouest is a big supporter of Bobby Jindal and past part owner of the Hornets/Pelicans. The NBA team ran into financial problems and was sold to the NBA in 2010, later to be bought by Saints owner Tom Benson. Seems like a normal billionaire with interesting short term purchases, mostly off the radar as his family company is private and not publically traded.