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North River Boats in Hot Water

Old 02-26-2009, 11:29 PM
  #1  
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Default North River Boats in Hot Water

It was posted on the coastside site that the NR retail locations have been locked up and security forces are in place. Some customer boats are still behind the fences!

Tim, who worked for the Sac location, has cancelled the upcoming sponsor day at the store on March 7.

Doesn't look good...
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Old 02-27-2009, 06:40 AM
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Here is link to the whole story:
http://www.northriverboats.com/pdfs/PR-feb2309R.pdf
-D
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Old 02-27-2009, 07:09 AM
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I don't see this as anything detramental to NR. It seems economically like the thing to do. They're not shutting down, they are simply limiting the number of boats on a 'RETAIL' market. Now you will visit a NR dealer, order your boat with your desired accessories, and await delivery. You just can't go to the boat store and pick one up anymore.

Edd
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Old 02-27-2009, 08:01 AM
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Up here in Everett we had a dealer that was doing pretty well with North River boats and the boats looked pretty nice. Well NR figured that he must have been selling too many boats and they pulled his dealership from him and opened their own location 10 miles away.

So a independent dealer spends years builiding up a brand and putting boats on the water and that is what he gets. The dealer picked up another line of boats along with his Yami service that was the foundation of the operation but it is nothing like the name recognition of what he had with NR. I am not a aluminum guy but watching that happen to my Yamaha dealer was enough for me to not pitty what comes in the way of overxtending for NR.
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Old 06-17-2009, 10:54 AM
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Business is not about friendship and loyalty...unfortunately. Those values are only important so far as they further the interests of the shareholders, which thankfully is most of the time. But sometimes it just doesn't go that way.
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Old 06-17-2009, 09:58 PM
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After finding out that NR is now "factory direct" , I requested a quote on a new boat over a month ago. I am still waiting, and waiting....
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Old 06-20-2009, 09:03 AM
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Originally Posted by dons2346 View Post
After finding out that NR is now "factory direct" , I requested a quote on a new boat over a month ago. I am still waiting, and waiting....
You can keep waiting. They are done and gone. Sorry.
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Old 06-24-2009, 05:02 PM
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Originally Posted by dons2346 View Post
After finding out that NR is now "factory direct" , I requested a quote on a new boat over a month ago. I am still waiting, and waiting....

where have you been... The FBI pulled the plug on NR almost 2 months ago..

The bank seized all the boats at their factory dealers and they have all since been auctioned off..

What model are you looking for as there are still some independant dealers with inventory that is priced very good..

Also there have been a few 20-22' boats on criagslist in seattle and portland that people who bought them at auction are trying to "flip" them to make a couple of bucks...

Theres a 24' and a 26' Seahawk OS at Puget Marina in Olympia that is priced to sell!!
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Old 09-14-2009, 09:18 AM
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The hits keep coming for North River...



Oregon boatbuilder Brian Brush was arrested on murder charges Friday in Long Beach, Wash.


Brush, 47, is the former owner of North River Boats of Roseburg, Ore. The company shut down operations last spring following an FBI investigation into allegations that the company illegally inflated its inventory to obtain millions in financing from Wells Fargo Bank.

North River Boats is now under the supervision of a state court receiver, according to a report from The Oregonian newspaper.

Brush reportedly shot 45-year-old Lisa G. Bonney of Long Beach. She was described as an "on again, off again" girlfriend. Brush shot her three times before being taken into custody by police without incident, the newspaper reports.



From bad to worse...
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Old 09-16-2009, 10:13 AM
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Holy crap! I knew about the shooting down there, but I had no idea that it was him. Crazy.

From local reports, it sounded like they were at a car show and got into some sort of argument that resulted in his shooting her. He did so in plain view of many witnesses and immediately laid down his weapon and surrendered to police after the shooting. Follow up reports have indicated that she had a restraining order against him.

This could turn out to be very interesting indeed.
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