Interesting article at Boattest.com re: Roger Penske, who just bought Mastercraft Boats. :shock:
Don
There isn’t a person that we know who personally knows Roger Penske that doesn’t call him a genius at business. He bought Detroit Diesel from GM and some people thought – for awhile – he had made a mistake and was wasting his time and treasure on a worn out WWII factory with 40-year-old 2-stroke diesel products that looked liked like they had been made by Rube Goldberg.
By 1993 Detroit Diesel’s over-the-highway heavy-duty truck business had gone to 33% market share and the company went public on the NYSE.
Among many other companies and joint ventures, he or his companies own outright, or a significant stake in, over a dozen companies including the United Auto Group (the world’s largest auto dealership with 252 dealers in the US and internationally), National Powersport Auctions (three Harley-Davidson motorcycle auction sites), Universal Technical Institute (has a marine engine mechanic training school in Orlando, FL, in addition to other engine schools), and the Deer Valley Ski Resort (probably the best-run ski resort on the face of the planet).
Don