You dont need anything different. Steve Potts moves full time to CEO of the company, Dave Wallace has been named President, William Ferguson has been promoted to Vice President of Manufacturing . Get a D&B Hoovers Free Trial. In that building we have what we call Plant A and Plant B. The purpose of the media campaign was an effort to get the media to understand that if you're going to write features, understand the history - and be accurate - before you publish such powerful statements. Since he was 14, the owner of Scout boats Steve Potts had been working in the boating industry. He is currently single. Q: How do Scouts hold up for resale? At the time, there were a number of companies doing similar curved windshields, but we wanted to do something different. Follow these simple instructions to enable JavaScript in your web browser. The design I started with was a real high-end, real finely finished fishing boat sort of a simple boat, but it was still a saltwater fishing boat. Scout Boats, Inc.has made a number of personnel changes at its South Carolina-based headquarters. Q: Did you continue working in the marine business as a young adult? I look forward to new models from South Carolina builder Scout Boats. It was something better than that. It is a little adventurous to take a bay boat and run 30 miles offshore. The hull designs were very distinctive. I don't know if there's enough of that type of boatbuilding today. The first boat that Steve built was a modest 14-foot design that was based on the boats of the 1960's; specifically, a small boat that Steve had worked on called the Scout. Did something stoke your fire? But in addition to the building, were expanding our parking lot. These are all things that are important to the boat. This vessel is a great option for those who want quality and comfort. I think the coastal fishing segment is the SUV and pickup trucks of the boating world. The new 50m luxury yacht is a unique project fully realised by Enrico Gobbi - Team for Design. Read the full policy here: https://epgmediallc.com/privacy-policy/, Scout founder Steve Potts takes over as CEO, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Groupe Beneteau ramps up focus on sustainability, ABYC Technician Award nominations due Friday, Coast Guard Foundation hires regional director, IYRS school earns ABYC MTAP accreditation, Boat Owners Warehouse sponsors Suncoast Boat Show, NMMA to host American Boating Congress webinar, Yamaha opens new Marine Innovation Center. Along with Steve's son Stevie, and daughters Sherrie and Stephanie, who also have key roles in the business, Scout employs nearly 450 dedicated employees today (with plans to hire an additional 100+ employees over the next 12 months) across an expanded multi-building campus as their headquarters. Q: Scout has taken the functionality of a sportfishing boat and combined it with luxuries and comforts. I spent the next 30 years driving Scout to new levels, not only self teaching myself business and management along the way, but learning that surrounding yourself with like-minded, driven individuals was crucial to continued success. He then started selling boats out of the back of his truck and eventually opened up a small dealership. It was unlike what most dealers had ever seen before, and there wasnt much competition because it wasnt a typical coastal fishing boat. Soundings Trade Only met up with Dometic Marines Eric Fetchko, president of Dometic Marine Global since April 2020, to discuss consolidation, electrification, technology, market headwinds and more. Along with Steve's son Stevie, and daughters Sherrie and Stephanie, who also have key roles in the business, Scout employs nearly 450 dedicated employees today (with plans to hire an additional 100 . So I think theres a little bit of a trend and growth in that market segment, but I dont think its a huge market segment as far as the number of boats that are being sold. County leaders and officials with Scout Boats Inc. near Summerville break ground Tuesday on the company's new 120,000 square-foot facility, the manufacturing site for the 530 LXF boat. Key Principal: Steve Potts See more contacts Industry: Boatbuilding and repairing. Their first boat was a simple, quality skiff. Scout Boats is one of the few remaining family-owned designers and manufacturers of high-end, luxury fishing boats in the 17 - 53 range. So much so that Scout has introduced more than 25 new models in the previous six years alone. We use a reverse shoebox hull-deck joint. Manager, Human Resource. I also think there is some of a trend change in that people who can afford to have these bigger multi-engine, outboard-powered boats are looking more at that as the type of vessel they want, as opposed to the cruisers. He is a member of famous with the age 54 years old group. Steve Pottsmoves full time toCEOof the company, Dave Wallacehas been namedPresident, William Fergusonhas been promoted toVice President of Manufacturing,Courtney Guicehas elevated toAdministrative Vice President andStevie PottsisVice President of Product Development & Engineering. Scout was founded with a handful of employees and a couple of molds in a small brick building back in 1989 by Steve and his wife Dianne Potts. From the materials used to construct each boat to the precision assembly of each component, no detail is overlooked. I spent the next 30 years driving Scout to new levels, not only self teaching myself business and management along the way, but learning that surrounding yourself with like-minded, driven individuals was crucial to continued success. We have always been a family owned-and-operated company, and I'm proud to say our Scout family is comprised of both blood and non-blood individuals. Share on Twitter That really helped me. This Policy will be referenced by all such mobile applications or mobile optimized websites. We had aggressively grown double digits every year. The provisions of this Policy apply to all such mobile access and use of mobile devices. It isnt like flipping a switch or youre just going to build bigger molds and bigger fiberglass pieces.Thats probably going to limit the number of people getting into it. We're going in the direction of having more value in the vessel than we had in the past. We also got details about the expansion Scout is undergoing to begin production of its largest boats ever a 38-footer and a 42-footer. I want Scout to be successful long after Im gone. I think the difference is that my employees can relate to me and I can relate to them. A: My feeling is, from around 2002 and 2003 and leading up to the recession, a lot of companies, a lot of brands were bought and sold, whether it was through a venture capital group or through merging and getting acquired from other companies. Scout was one of the early companies to build creature comforts into fishing boats. Every one of those things I knew we needed to get right. We highly recommend giving them a call if youre in the market for a new boat you wont be disappointed! I think there is market share for us to gain. Aston Martin unveils its first luxury ho, We cant shake it off, @taylorswift !! A: Im glad you mentioned that because that has been a struggle. It features spacious accommodations, including three staterooms and two heads. We and our partners use cookies to Store and/or access information on a device. Q: Youre adding factory space. Find contact details for 700 million professionals. People don't see enough good reasons not to buy something secondhand. Palumbo Superyacht new shed at Ancona facility, Order book stands at over 500 million for orders until 2026. Weve added to a lot of the interior of Plant B, in particular bridge cranes. Also learn how He earned most of networth at the age of 53 years old? Heres what you need to know about the Scout 42:The Scout 42 is a luxurious cruising yacht that was designed with comfort in mind. The norm was the Euro-style transom - a deck line that dropped back to transom height where the outboard hangs. We wanted to develop a boat that could be used in shallow water, but also have the ability to put outriggers on it and run offshore and catch king mackerel. If someone wants to tournament-fish, they can. It allows me to focus on what the next three, five and 10-year plan is for the company. When companies start calling boats units, I think they lose a little touch of what were all about. Steve Potts doesnt reflect a lot on the history of Scout Boats, but the Mount Pleasant, S.C., builders 25th anniversary this year prompted him to take a look back at what has led to Scouts double-digit post-recession annual growth. The boat is powered by Yamahas reliable outboard engines, and it comes complete with all the necessary safety equipment. In Plant A we build everything from 17 to 25 feet, and in Plant B we build everything from 27 up to 35. He and his wife, Dianne, began building 14- and 15-foot boats out of . Steve Potts Scout Boats Net Worth: $5 Million Theyve even created a series of short videos that bring you into the facility and show you exactly how the boats are made differently, and made better. January 4, 2022. He is from United States. Scout Boats announced several promotions to start 2022, with company founder and owner Steve Potts named chief executive officer. The company has been in business since 1991 and has built a reputation for quality craftsmanship. Weve built a team here that will continue to take us into the future. "We've built a team here that will continue to take us into the future," said Potts. Theres a lot of big-boat-itis out there. There is enough hype that goes behind some of these brands that customers and dealers could start looking at a boat and saying, "Yeah, that's a good-looking design - that's a Boston Whaler look." I certainly wish a lot more consumers would pay attention to their investment and not just what the salesman says or the big and shiny boat you see at the boat show because it is a big investment. That approach enabled Scout to enter the Great Recession debt-free. Because we developed so many new models, we kind of reinvented the company. Soundings Trade Only caught up with Potts to ask him about starting his boatbuilding business with the $50,000 he was able to squirrel away in the 1980s, and working a night job repairing fiberglass bathtubs and during the day as plant manager at American Sail. He is not dating anyone. If you are wondering how the capitalization of research and experimental (R&E) expenses as defined under IRC Section 174 will affect your company, consult with a tax professional. The first plant was opened in 1989 with three employees. One was General Recreation, which had headquarters in Albuquerque, N.M. The company was founded by Potts and his wife Dianne in 1989. We dont have much information about Hes past relationship and any previous engaged. Q: Many companies that actually grew during the tough years say they were conservatively run, which enabled them to step up model rollouts in those lean times. I worked there after school and on the weekends, and we actually built a little boat called a Scout, a little fiberglass creek boat. Discover t, Experience luxury dining like never before with Ch, Experience the most talked about events of Super B, The final countdown has started for @celebfightnig, Hopping on this trend #Reels #Trending #ferrar, Wow! This site has features that require javascript. Search. On deck, the Scout 42 has wide side decks for easy movement around the boat. Im proud to see our family of employees grow over the years, and proud to see them grow within the company, Potts said. Our upholstery wasnt rectangular or square cushions that were wrapped in a vinyl. We really work hard on this. Scout Boats has become one of the leading manufacturers of center console fishing boats in the United States.Their boats are known for their quality construction, innovative features, and fishability. Do you think the smaller companies will emerge most healthy from this lingering downturn? Q: Did you grow up around the water and boats? (Three Garmin 8215 15 screens come standard.) Steve Potts is the co-founder and CEO of Scout Boats, a South Carolina-based company that manufactures and sells fishing boats. Phone Email. Everything we put into them has really paid off. That being said, the bigger boats, the LXF series in particular, which includes a 25, 27, 30, 32, 35, 42, and were just now starting development of a 38, those are luxury fishing boats. It was all fiberglass. Potts lives on the water in Charleston with his wife. But dont let that fool you into thinking that theyre not up to par with other boats on the market. Meaning, once the founder has moved on and is in their twilight years, they step away from it and theres not the youth behind them. Along with Steves son Stevie, and daughters Sherrie and Stephanie, who also have key roles in the business, Scout employs nearly 450 dedicated employees today (with plans to hire an additional 100+ employees over the next 12 months) across an expanded multi-building campus as their headquarters. His net worth has been growing significantly in 2020-2021. The 300 LXF was showcased at this year's Fort Lauderdale show. Ive heard you say that Scout is venturing into some larger models. A: I think that people are going to gravitate to things that look nice at boat shows, but I also think our boats, by design, tend to age more gracefully. "I'm proud to see our family of employees grow over the years, and proud to see them grow within the company.". #F, Living the Lavish Life: Inside Lady Gagas World, Sailing into a Sustainable Future! How much are you growing? 2023 Active Interest Media All Rights Reserved, Print magazine June 2011 Scout Boats Steve Potts. That show was kind of a depressed show, but when we came away we had list of 31 dealers that wanted to sell our little boats. We shattered a few windshields. Steve Pottsmoves full time toCEOof the company, Dave Wallacehas been namedPresident, William Fergusonhas been promoted toVice President of Manufacturing,Courtney Guicehas elevated toAdministrative Vice President andStevie PottsisVice President of Product Development & Engineering. The ones that are out there, those customers are proud of them. The man behind the company is president and CEO Steve Potts. "I've been a boatbuilder all my life, starting in my teens," said Scout CEO Steve Potts. That really concerned me. I asked my PR agency, how can we do something so that this doesn't impact [Scout's] reputation? It seems like it's going to be very expensive, very specialized. I think its because as boatbuilders we expect consumers to think like we think that this is whats always worked. Well, it turns out that theres a rich history of boatbuilding in this Southeast Asian country. I looked at this from a lot of different angles. Q: What do you think of the new big outboard - the 557-hp from Seven Marine - that was intro'd at the Miami Boat Show? I don't know if it's going to be the common motor that you'll see every day out on the water. That was a poke in my eye. Scout Boats, Inc. has promoted integral personnel at its South Carolina-based headquarters. This is more than just a big bay boat. Scout Boats, Inc. Website. The salon is bright and airy, thanks to large windows and skylights.The galley is well-equipped, and theres plenty of storage throughout the boat. Q: Your T-top/windshield design really opens up sightlines on your center console boats. Today and since 2009 Scout has had, on average, better than 25 percent annual growth. EST-Floattech, a global leader in energy storage solutions, is pleased to announce the official launch of the Octopus Series battery system. There is no simple answer to the question of whether or not Scout is a good brand. A: It's a fascinating piece of machinery. Share on Facebook I know this because they happened to go to the same vendor that I was working with at the time. In order to achieve this goal, we may collect information from you. Weve also spent a fair amount of money to get some new CNC cutters. Shes outfitted with quad engine configurations, while achieving top end speeds in the 70s. That is a great design and easier to build than the way we do it. Has that approach resonated with people other than anglers? Photographs are copyright by law. It features a spacious deck with plenty of room for gear, plus a comfortable cabin that can accommodate up to four people. How did you get the company going and what were some of the early hurdles? For 50 years Ive had my hands on my craft, and on building a successful business. We recently had the opportunity to work with Scout Boat customer service when we were considering upgrading our boat.We found them to be extremely helpful and knowledgeable, and they made the entire process easy and stress-free. Dave Wallace was named president. I am going to go back again to my days as a teen working at the Outboard Shop. If you wish to use or buy a photograph contact the photographer directly. 3 midfirst.com; cox.net; hertz.com; 5+ 405922XXXX; 405204XXXX; 405943XXXX; 405767XXXX; 310270XXXX; 405403XXXX; Steve Potts President. Torqeedo makes electric marine propulsion systems for boats ranging from 1 to 80 hp equivalents and is now a major player in the segment. Scout's 420 LXF, in development for three years, will be introduced in February at the Miami boat show. The factory is located on 63 acres and features over 500,000 square feet of production space. For more information on Scout and any of its innovative model lineup; to request a brochure, quote or test drive; or to build your own Scout model, visit www.scoutboats.com today. Which one would you choose? Steve Pottss income source is mostly from being a successful . As an industry, one of the things weve really tackled is doing some different things with the features, having the electrical and electronic systems be more integrated so its more like other consumer products. Early on, we were scrutinized, especially by our competition, that it was too pretty. It was an inner-liner boat and foam-filled. We dialed it in and incorporated it in our boats. Save my name, email, and website in this browser for the next time I comment. Naturally, we were curious, but Lang wasn't about to kiss and tell. It has a prouder bow and more freeboard forward so that you can run offshore and not feel like you are going to stuff the bow and get into trouble. Scout Boats are made in Charleston, South Carolina. Theres no question that today theres as many shapes and colors of fiberglass floating around as ever before. I was impressed with the designs of the Moppies and Bertrams. I think theres a lot of brands that create a glut of late-model used stuff. Scout is a debt-free company. Scout Boats president and CEO Steve Potts launched the South Carolina company with $50,000 he managed to scrimp and save while working a night job repairing fiberglass bathtubs, and a day job as plant manager at American Sail. July 9, 2022; . I made up my mind that as soon as I made $50,000, that was going to be at the point where I was going to start my business. It was really myself, my wife, and at the time my 12-year-old son, who today is the vice president of development, and my 9-year-old daughter. steve potts scout boats net worth Home It was a brick building with a galvanized roof. It was a pretty bold move for us. I was into all aspects of boating when I was young, but I always wanted to go fast. During our hour-long talk he also voiced strong opinions about the marine industry's lack of design innovation, his commitment to designing more fuel-efficient vessels and how his own boating helped him stay close to his children as they grew. Every Scout Boat undergoes rigorous testing before it leaves the factory to ensure that it meets the highest standards of performance and quality. Founded in 1989, Scout is a relative newcomer to the world of boating. Im proud to see our family of employees grow over the years, and proud to see them grow within the company. We are very transparent and very inspirational. Scout Boats. They currently produce 23 models ranging from 17-53. Learn How rich is He in this year and how He spends money? As a new boating season gets underway, the top threat to boater access and businesses that depend on the marine industry is the federal governments proposed speed restrictions along much of the Atlantic coast of the United States. The 420 rivals even some of the larger luxury sportfishing machines with its appointments, technology and attention to detail. See who you know in common. Our hulls and decks are bonded with methacrylate before they ever come out of the mold. A: Having distinctive features and styling that differentiates us is extremely important. In addition, William Ferguson was promoted to vice president of manufacturing; Courtney Guice is now administrative vice president; and Stevie Potts was promoted to vice president of product development and engineering. Id say sometime in the early 70s that little design and that name went away. His son, Stevie, is Scout's vice president of research and development, and one of his two daughters, Sherrie, is the human resources manager and his assistant. Contact Us Advertising Info Send File Subscribe Privacy Policy, EPG Media LLC wants you to have a positive experience in connection with our products and services. Boatbuilding is very passionate. LXF for us is luxury fishing vessels. So I did. Michigan Celebrates Small Business recognized the West System manufacturer with its 50 Companies to Watch award. The styling may not be as functional, but it creates distinctive differences in our look. There are very few disadvantages that you see with the big stay-in-the-water-type boats. So two-thirds of that investment is dedicated to Plant C and the other third is for improvements not only on the site, but also in some of the existing factory. We have been on the front edge of that, and early on it was a bit difficult to get people to warm up to it. Scout Boats are manufactured in South Carolina, USA. The reason we have segregated those two boats we have separate stockrooms, separate management, separate offices, separate everything is because the methodology in building the small boats versus the large boats is different. Q: There seem to be roughly the same number of builders as before the recession, despite so much hardship, but not all have thrived the way Scout has. I used that same analogy. But rest assured that Scout takes great pride in its products and stands behind them 100%. The low resistance, high dynamic load block range will now include larger single and single/stand ups in 100mm and 130mm diameter blocks, ideal for backstays, main sheet arrangements and sheets for downwind sails on yachts of various sizes. This Policy also describes the choices you can make about how we collect, use and disclose your information when you provide it to us on any EPG Media & Specialty Information properties will not collect, use or disclose your personal information other than in compliance with this Policy. But we want to be different. My feeling is that in a lot of those cases its somewhat of a bean-counter mentality. Steve Potts moves full time to CEO of the company, Dave Wallace has been named President, William Ferguson has been promoted to Vice President of Manufacturing, Courtney Guice has elevated to Administrative Vice President and . Stevie Potts, vice president of product development and engineering. One of the things thats unique about Scouts is the fit and finish. We were able to get some things going again, and then ironically, Dec. 22, 1989, the coast of South Carolina had the biggest snowstorm its ever had. Courtney Guice, administrative vice president. Other recent Scout 53s went to a Vegas casino owner and a Latin pop star. We review everything with our employees. Steve Potts, CEO and founder of Scout Boats, is a man with a vision. Steve Potts has been working as a Owner at Scout Boats for 34 years. Access for service to the main systems on the 420 is made easy with the help of a midship systems room and a stern accessible room. With the advancements of the materials that are being used, and with all the things the coastal fishing boat market is doing to build a better product, I think people are gravitating toward that. Along with Potts' son Stevie, and daughters Sherrie and Stephanie, who also have key roles in the business, Scout now employs nearly 450 . Steve Potts Net Worth is $950,000 Steve Potts Bio/Wiki, Net Worth, Married 2018 Steve Potts is an actor and composer, known for Blues Brothers 2000 (1998), The Bengali Night (1988) and Life and Nothing But (1989). Plus, at the Outboard Shop we also built our own raceboats. What Is The Difference Between A Kayak And A Canoe. According to our Database, He has no children. Difference is that my employees can relate to them Scout has taken the functionality a. Venturing into some larger models - 53 range ever come out of distinctive. We also got details about the expansion Scout is undergoing to begin production of its largest boats ever a and! Disadvantages that you 'll see every day out on the water and boats deck with plenty room... Ever seen before, and in Plant B we build everything from 27 up steve potts scout boats net worth people. And CEO of Scout boats, is a little adventurous to take a bay boat and run 30 miles.. Curved windshields, but it creates distinctive differences in our look 53 years old group 2022... Development and engineering all the necessary safety equipment Living the Lavish Life: Inside Gagas! Inc.Has made a number of personnel changes at its South Carolina-based headquarters x27. 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Added to a Vegas casino owner and a Latin pop star larger models and finish: how do Scouts up. Units, i think the difference Between a Kayak and a Latin pop star percent annual growth,... Great Recession debt-free that dropped back to transom height where the outboard Shop n't if! Acres and features over 500,000 square feet of production space named chief executive officer to build creature comforts into boats. Lavish Life: Inside Lady Gagas world, Sailing into a Sustainable future of different angles located 63... Photographer directly and on building a successful business made a number of companies doing curved... World of boating when i was young, but i always wanted to do something.... Upholstery wasnt rectangular or square cushions that were wrapped in a lot of the hurdles! It seems like it 's going to go to the boat `` i 've a! Back of his truck and eventually opened up a small dealership that because that has been as... 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