Campion moving on. Or going under?

[Clint r]

One of Kelowna's oldest water businesses has put its property up for sale

Another Kelowna business is on the move and possibly closing for good.

www.castanet.net

Sad. Built for them for years.

 

[MikePA]

One of Kelowna's oldest water businesses has put its property up for sale

Another Kelowna business is on the move and possibly closing for good.

www.castanet.net

Sad. Built for them for years.

Crazy, on the Campion owners group on Facebook, people were reporting that their orders had been cancelled without explanation, there was a rumor they were moving production to Mexico, but I guess not?

 

[SpringVelocity]

Everything ends sooner or later. Must not be profitable.

If you look though at Campion boat line they really haven't created anything new in several years as far as designs.

Sucks for Kelowna and employees. Manufacturing is getting really squeezed right now with labour issues and material increases.

 

[Rain City]

Everything ends sooner or later. Must not be profitable.

If you look though at Campion boat line they really haven't created anything new in several years as far as designs.

Sucks for Kelowna and employees. Manfacturing is getting really squeezed right now with labour issues and material increases.

Who needs industry when every homeowner is a real estate mogul and the city makes record money from development fees.

 

[kingblazer84]

Who needs industry when every homeowner is a real estate mogul and the city makes record money from development fees.

Yup our mayor is a joke and this city is out of control on its pricing for everything.

 

[Clint r]

Everything ends sooner or later. Must not be profitable.

If you look though at Campion boat line they really haven't created anything new in several years as far as designs.

Sucks for Kelowna and employees. Manufacturing is getting really squeezed right now with labour issues and material increases.

2015 was the first I heard that there were possible “financial issues” at Campion. Was a short stretch around that time that our company was having a hard time getting paid. Not they we didn’t, just was a longer wait than was usual. Rumours were going around since 2008 that since the crash in the states that they were on shaky ground but rumours are just rumours so I never put any real stock in them.

 

[tubber]

My fishing buddy is Brock Elliot's neighbour. The company has had its ups and downs, but my understanding is the company was doing well when he wanted to retire and sold to an Alberta outfit in 2018.

Campion Boats purchased by Edmonton's KV Private Equity Fund - Power Boating Magazine

KV Private Equity is pleased to announce that it has acquired the business of Campion Marine (“Campion”) as the fourth investment of KV Private Equity Fund.

www.powerboating.com

 

[ryanb]

The real estate is probably worth more than the business, probably why the Alberta outfit bought it.

 

[MikePA]

I wonder if someone will pick up the molds.. some of their boats seem super popular.. around Nanaimo I don't think there is a more ubiquitous boat than the 542.

 

[GDW]

No wonder the price of a new 542 went from ~72k to 84k in the last year… dealers probably want 95 now if this is true.

whose going to replace them? As if the boat market supply isn’t squeezed enough.

 

[MikePA]

No wonder the price of a new 542 went from ~72k to 84k in the last year… dealers probably want 95 now if this is true.

whose going to replace them? As if the boat market supply isn’t squeezed enough.

At the Toronto boat show in 2017, the price was 47k.. insanity

 

[GDW]

At the Toronto boat show in 2017, the price was 47k.. insanity

Did that include a 150 4 stroke? The prices I quote include the main engine - Yamaha or merc.

 

[MikePA]

Did that include a 150 4 stroke? The prices I quote include the main engine - Yamaha or merc.

Incredibly, yes. (See attached picture)

 

[GDW]

Incredibly, yes. (See attached picture)

I’ll take two please

 

[Coyote Spooner]

I think that same 542 was $75-80k this year. Crazy!!!!