steve potts scout boats net worthsteve potts scout boats net worth

Q: Name some of the innovative features on your boats that you are most proud of. 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. Many boat maintenance tasks are put off due to the A Connector for Nearly Any Global Shore Power Need, Complex Data Reined-in with Stylish Touchscreen, High-Torque Access Plates Shine in Tough Environments, New Pumps Combine High Flow, Low Power Draw, Water Spot Protection Easy as Spraying a Hose. Were conservative about the ramp-up on something. Q: Did you grow up around the water and boats? Torqeedo makes electric marine propulsion systems for boats ranging from 1 to 80 hp equivalents and is now a major player in the segment. It was all fiberglass. They currently produce 23 models ranging from 17-53. Potts lives on the water in Charleston with his wife. At 54 years old, Steve Potts height is 170cm . Find contact details for 700 million professionals. / Scout Boats, Inc. 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. It felt pretty good. That really concerned me. From the helm and the key fob, the owner can control features throughout the model with the help of C-Zone digital switching technology as well. As a boatbuilder, theres a difference. 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. The guy I was renting the brick barn from rebuilt and we moved back in February or March of 1990. A: The look we have with our T-tops - with their tempered glass windshield and minimal vision interference - started five years ago when I was working with some other individuals in the tempered-glass business, creating a way to replace all the cross frames and gussets that are typical in a T-top [center console] design. Q: Scout has taken the functionality of a sportfishing boat and combined it with luxuries and comforts. July 9, 2022; . They own the land they sit on, the buildings on this land, and even the transportation that delivers the models. He is currently single. Because we developed so many new models, we kind of reinvented the company. From the very first 14-footer to the now expansive offering of more than 21 class-leading models ranging from 17'-53', one of the many consistent items that set Scout Boats . Q: Do you think this is a long-term trend toward larger outboard-powered center consoles? I'm a boatbuilder and focus all my energies on building boats. One of the magazines last summer published a feature on one of the competitor's designs. What else is helping the popularity of these boats? We had aggressively grown double digits every year. Do you think the smaller companies will emerge most healthy from this lingering downturn? The company was founded by Potts and his wife Dianne in 1989. When our first building initially got wiped out, we found one of the very few buildings that survived Hurricane Hugo not far away. Ultimately, only you can decide whether or not Scout is the right brand for you but we hope that this overview has given you some food for thought! 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. Advances in battery technology particularly lithium-iron-phosphate and more efficient, higher-output inverters are inching closer to enabling on-board comforts without an internal combustion generator. Scout Boats builds luxury sportfishing centre console, dual console, crossover, and inshore/bay boat models ranging from 17-53ft. 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. Scout Boats was founded by South Carolina-resident Steve Potts - a man that continues to this day to be on the shop floor daily working on the models - back in 1989. See who you know in common. From the very first 14-footer to the now expansive offering of more than 20 class-leading models ranging from 17- 42, one of the many consistent items that sets Scout apart from other manufacturers is product quality. Im proud to see our family of employees grow over the years, and proud to see them grow within the company. The boat is powered by Yamahas reliable outboard engines, and it comes complete with all the necessary safety equipment. Q: How do Scouts hold up for resale? 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. I worked there after school and on the weekends, and we actually built a little boat called a Scout, a little fiberglass creek boat. 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." The company initially operated out of a small garage, but it has . These are all things that are important to the boat. 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. Well, it turns out that theres a rich history of boatbuilding in this Southeast Asian country. The bottoms of all of our fiberglass lids were polished. The 300 LXF was showcased at this year's Fort Lauderdale show. The styling may not be as functional, but it creates distinctive differences in our look. It allows me to focus on what the next three, five and 10-year plan is for the company. The Nu-V3 hull design is a running surface that we've spent a lot of time on. Since its founding more than three decades ago, the company's goal has been to manufacture the best-built boats in its distinctive sportfishing niches. Scout Boats, Inc.has made a number of personnel changes at its South Carolina-based headquarters. In order to achieve this goal, we may collect information from you. 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. I know we're in a litigious society. "I've always seen myself as a visionary, and my role as CEO will allow me to focus much more on that aspect, but in no way does it take me away from Scout," Potts said in a statement . We still incorporate the Air-Assist design in our 15, 16, 17 and 18. Those designs are very versatile. Scout started with him, his wife Dianne and a few workers. Manager, Human Resource. I was one of the guys who tweaked bottoms to gain a mile an hour or two. We did a lot of homework. 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 . But rest assured that Scout takes great pride in its products and stands behind them 100%. @ferrari #Fe, Find your Zen and Wellness at the @senseiporcupine, @mariolopez is the official #ManCrushMonday #Celeb, Happy St. Pattys Day Read the latest articl, @harrystyles - see how he is traveling on his worl, Here are our top looks from last nights red carpet, #LucidAir Grand Touring Performance not only has a, What celebrity do you want to see next? This vessel is a great option for those who want quality and comfort. I was into all aspects of boating when I was young, but I always wanted to go fast. I think theres a lot of brands that create a glut of late-model used stuff. Steve Potts Height, Weight & Measurements. Its what we like. The new 50m luxury yacht is a unique project. Centounonavi Vespro construction proceeding fast. 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. He has an estimated net worth of $5 million. 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. The company was founded by Steve Potts, who is still the owner and president of Scout Boats. I dont know that consumers want to labor over a boat. This article originally appeared in the December 2014 issue. A: Long-term value. Scout Boats employs over 400 team members at the Summerville facility.The companys commitment to quality craftsmanship is evident in every aspect of the manufacturing process. That really helped me. Today and since 2009 Scout has had, on average, better than 25 percent annual growth. Q: Did you continue working in the marine business as a young adult? 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. 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. Customer Service Representative. The flybridge provides ample seating and excellent visibility.And when it comes to performance, this boat does not disappoint she cruises at 18 knots and has a range of over 350 miles. The big center consoles, you can beach them, the economies of running them [are more favorable], the speed there are a lot of advantages there. In that building we have what we call Plant A and Plant B. "I'm proud to see our family of employees grow over the years, and proud to see them grow within the company.". Share on Twitter I was 37. In fact, some of the smallest companies grew share the most. Scout was one of the early companies to build creature comforts into fishing boats. A: One of the things is our methodology. Not the Steve Potts you were looking for? 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. For instance, Scout boats are designed with fishing in mind.They have plenty of storage space for all your gear, plus livewells and fish boxes that make it easy to keep your catch fresh. Potts started Scout Boats in 1989 with his brother, Scott. Q: Are you working on any other new boats? Palumbo Superyacht new shed at Ancona facility, Order book stands at over 500 million for orders until 2026. I asked my PR agency, how can we do something so that this doesn't impact [Scout's] reputation? But dont let that fool you into thinking that theyre not up to par with other boats on the market. We dialed it in and incorporated it in our boats. How gracefully that brand ages and the reputation of the brand is really tied to what their investment and resale value would be. The Critchfield was a long and skinny pointed-bow boat with a lot of horsepower - 150 hp, which was the biggest anyone made at the time. Manage Settings 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. Theyve got a 3- by 5-inch smartphone that can do 10 times more than you got on a boat, so the boat seems antiquated and dated because its not condensed and user-friendly. When we started, I knew the business model had to be something very simple and conservative. I was living my dream and paying bills and making ends meet and doing little things when I had time to develop different and bigger models. A: With some models, as much as six months. That boat was built for five or six years. This privacy policy (this Policy) describes the personal information we may collect from you, the purposes for which we collect it, how we use it and when we may share it with third parties. What Is The Difference Between A Kayak And A Canoe. They currently produce 23 models ranging from 17'-53'. It was a brick building with a galvanized roof. My biggest concern is that some of these brands are bigger and have a larger chest of money to promote their product than we do. We basically as a family, brick by brick, unloaded what was underneath the building that was leveled and we salvaged what we could. I have always been infatuated with ships and boats. 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. Garmin announced expanded and enhanced high-resolution relief shading coverage to its Garmin Navionics Vision+ premium marine cartography. Q: And what about the shift into larger boats? . We dont get snow in Charleston, but I think where we were there was 10 inches of accumulation, which is unheard of. (Three Garmin 8215 15 screens come standard.) Steve Pottss income source is mostly from being a successful . That was really important to me - I wanted people to know it was a Scout, even without seeing the name on the side. Have you been able to keep up with demand and what kind of backlogs do you have? It seems to me that is one of the things as an industry we have to change. Your email address will not be published. A: Yes. They are well-crafted and offer features that many other brands simply dont. 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. 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. We currently have six. Scout builds luxury sportfishing center console, dual console, crossover, and inshore/bay boat models ranging from 17' to 53'. As an Amazon Associate, We may earn from qualifying purchases. We ran a number of boats. Sta-Lok Terminals Ltd. is returning as the Official Standing Rigging Supplier for the upcoming edition of the Clipper Race. But I think what makes our industry so unique is that a small company can compete toe to toe with a company thats 10 to 20 times larger. In its nearly 30-year history, Scout has established its presence and continually gains market share each and every year at a significant rate against competitors that have been around for much longer. The 251 is the best multispecies saltwater fishing boat on the market. Scout Boats was founded by South Carolina-resident Steve Potts - a man that continues to this day to be on the shop floor daily working on the models - back in 1989. It was a pretty bold move for us. In the mid-'70s [the Outboard Shop] was bought out by a new company that had no desire to build boats, so Scout Boats went away - for the time being. So I made up my mind in the mid-80s to start working hard besides raising a family and coaching soccer and doing all the other things dads do to start working toward saving money and starting my own business. It was a recreational conglomerate like AMF. steve potts scout boats net worth Home I had this as a teenager. 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. Get a D&B Hoovers Free Trial. Q: You've talked about unique design aspects of your boats, but what separates Scout when it comes to construction? The South Carolina native and father of three says he has always taken a conservative approach to business. When you get somebody that spends the kind of money that is spent on our models and theyve experienced an automobile thats in and around that same budgeted price, every other thing theyre exposed to [is more user-friendly]. But the name had faded away. I repaired a lot of boats and I learned what not to do. This site and its contents are Copyright 2023 Sail-World Marine Business Europe and/or the original author, photographer etc. Q: How is your work force projected to grow? In Plant A we build everything from 17 to 25 feet, and in Plant B we build everything from 27 up to 35. View Colleagues. Phone Email. 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. 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 think the difference is that my employees can relate to me and I can relate to them. Thats how we got started. The people here, including my family and extended family, were very close. Seaworthiness, comfort and efficiency: the new explorer yacht Kiribati 38 by Floating Life is born. The man behind the company is president and CEO Steve Potts. There is no simple answer to the question of whether or not Scout is a good brand. 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. Scouts LXF Collection is comprised of luxury sportfish models that showcase a unique blending of high-performance fish boats with high-end cruisers. And then Hurricane Hugo hit, on the 22nd of September 1989. A: In the mid-'80s, I knew I wanted to do my own thing and I always had an affection for the Scout, and in particular the name because it was an in-demand and a quality fishing boat in the Charleston area that everyone knew about. He is from United States. Scout Boats, Inc. has made a number of personnel changes at its South Carolina-based headquarters. Sta-Lok to rig 11-strong Clipper Race fleet, This will be the Essex-based company's 3rd edition of partnership. I personally studied the art of boatbuilding and taught myself how to do it better for 20 years. Key Principal: Steve Potts See more contacts Industry: Boatbuilding and repairing. position Scout founder and owner Steve Potts as the Chief Executive Officer of the growing boatbuilder. When we got to it a couple of days after and saw what was left of what Id worked for for so long, my emotions were really anger and determination. Weve also spent a fair amount of money to get some new CNC cutters. From that point forward, even to this day, our challenge has really been to manage [the growth of] a business with people and training and hiring, the facility and new designs, so it was a different kind of challenge, but a challenge nonetheless. We review everything with our employees. We shattered a few windshields. I always had fond memories of building that little fishing boat, so I felt like I wanted to carry that on. Every Scout Boat undergoes rigorous testing before it leaves the factory to ensure that it meets the highest standards of performance and quality. 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. A: Having distinctive features and styling that differentiates us is extremely important. Zane Henderson. The 420 also provides customizable features for its owner, such as custom painted engines and a SureShade integrated retractable awning. The new facility were building, which is going to be Plant C, is 25,000 square feet and it will build only the 42 and the 38. By using the any of our websites and/or making online requests of products, you agree to the terms and conditions of EPGs Policy. Finally, its worth considering your own personal preferences when deciding if Scout is the right brand for you. Scout's 420 LXF, in development for three years, will be introduced in February at the Miami boat show. It features a spacious deck with plenty of room for gear, plus a comfortable cabin that can accommodate up to four people. I think another advantage is that because of the economies of scale we hand-build boats just like companies that are much, much bigger. We developed lots of bigger models that were unique in styling and performance. I had worked and struggled too long not to continue on. We are very transparent and very inspirational. I saw rotten transoms, rotten stringers, separated hull and decks. We have always been a family owned-and-operated company, and Im proud to say our Scout family is comprised of both blood and non-blood individuals., Ive always seen myself as a visionary, and my role as CEO will allow me to focus much more on that aspect, but in no way does it take me away from Scout, add Potts. Scout Boats are actually built in Thailand!Thats right, these top-quality vessels are crafted in Asia. We are very conscious of making sure that we maintain quality and efficiency. It wasn't all smooth sailing. Scout Boats has 344 employees. During the 1970's, the simple Scout design and name disappeared, but Steve had such fond memories of that simple, effective fishing boat that he wanted to continue the name. I think thats what consumers want today. Steve Potts, CEO and Founder of Scout Boats. Having been in the marine industry since I was 14, I knew that one day I wanted to do my own thing and apply all the things Id learned to do and learned not to do. You alluded to competitors, but there arent many in this larger center console coastal fishing boat space. They typically are handsome, with impressive workmanship and fit and finish. It was something we spent a lot of time on. We started sculpturing the seating and introducing some new contrasting colors and doing a lot of things like that. I think theres an advantage on one end, but theres an advantage on the other end in that the smaller, more agile companies can make decisions and design things without going through a committee that takes forever to make a decision. Economically sound, with recent plant expansion of a new manufacturing building and a custom spray booth. 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. He has served on the board of directors for several non-profit organizations, including the Coastal Conservation Association and Take Stock in Children. Id say sometime in the early 70s that little design and that name went away. It takes a lot of infrastructure for you to be a player in that style of boat. Q: Scout has been a real success story during some tough times. They're passionate boatbuilders. There are very few disadvantages that you see with the big stay-in-the-water-type boats. It was a galvanized shed with a dirt floor. Everything we put into them has really paid off. Which one would you choose? Underwater deck and bow cameras are available as well as underwater LED lights. Ive been a boatbuilder all my life, starting in my teens, said Steve Potts. We use a reverse shoebox hull-deck joint. I used that same analogy. William Ferguson, vice president of manufacturing. We're going in the direction of having more value in the vessel than we had in the past. A: Thats right. A: We still build four models today that incorporate the Air-Assist hull design, which is what we started with in 1989. Every one of those things I knew we needed to get right. The first plant was opened in 1989 with three employees. Seven or eight years ago, we started paying a lot more attention to the creature comforts. They were in direct competition with AMF. A: I think thats true. A younger Potts races an early-model Scout back in the day. Were going to continue to build a very diverse model mix. They can use them as a tender, as a cruiser, and some of the boats, the 35s and 30, we have accommodations below deck that can make them a weekender if they want that. We dont have much information about Hes past relationship and any previous engaged. It started 30 years ago when Potts and his wife started Scout Boats out of their garage, only to have to start again when their operation was destroyed just months later by Hurricane Hugo. It allows me to focus on what the next three, five and 10-year plan is for the company. In 1977, he moved the operation to Charleston, South Carolina, where it remains today.Over the years, Scout Boats has grown into one of the leading manufacturers of center console fishing boats in the world. 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). Q: What features or styles do today's Scout boats have that were present on those first boats? Do you think thats part of a larger trend? Whether youre looking for information on a specific model or just want to chat about boating in general, the team at Scout Boat customer service is always happy to help. In our Talkin' Boats interview, I wanted to find out how he caught the boating bug and what motivated him to become a builder. A: It was a relatively simple creek boat - a saltwater fishing boat. We have one or two that are even longer than that. Photographs are copyright by law. All Rights Reserved. When I was 14 years old, I started working for a dealership in Charleston [S.C.] called the Outboard Shop. What is this new boat is all about? Other notable systems include an anchor windlass wash down hose, water heater, Kohler generator, electronic bow table with filler cushion, and air conditioning. I think its because as boatbuilders we expect consumers to think like we think that this is whats always worked. I was born in Groton, Conn. - at the submarine base there, actually. I was impressed with the designs of the Moppies and Bertrams. Scout has revolutionized the coastal fish boat market. View Anastasios Spontis's colleagues in Scout Boats Employee Directory. 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. Naturally, we were curious, but Lang wasn't about to kiss and tell. "You probably could guess who they are," he said with a wink. There was nothing else like it at the time. 3 midfirst.com; cox.net; hertz.com; 5+ 405922XXXX; 405204XXXX; 405943XXXX; 405767XXXX; 310270XXXX; 405403XXXX; Steve Potts President. 27 up to 35 by Steve Potts, who is still the owner and of! The direction of Having more value in the segment CNC cutters electric marine propulsion systems for boats from. Proud to see them grow within the company is president and CEO Steve Potts the right for! Grow over the years, and in Plant a and Plant B Officer of the economies of scale hand-build. Outboard Shop is for the company i had worked and struggled too long not to do it better 20... The guy i was 14 years old, Steve Potts, who is the... Extended family, were very close that little design and that Name went away the to... Really tied to what their investment and resale value would be owner and president of Scout Employee... And proud to see our family of employees grow over the years, and inshore/bay models... 38 by Floating Life is born four people delivers the models of time on it comes construction... My Life, starting in my teens, said Steve Potts, CEO and founder of Scout boats luxury! All of our websites and/or making online requests of products, you agree the!: Name some of the very few buildings that survived Hurricane Hugo hit, on average better. Is our methodology a younger Potts races an early-model Scout back in early. Of September 1989 weve also spent a fair amount of money to get new... Fort Lauderdale show always taken a conservative approach to business how to it! Painted engines and a few workers the necessary safety equipment we found one the! Scout when it comes to construction ages and the reputation of the growing boatbuilder you alluded to,... 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We call Plant a we build everything from 27 up to 35 CEO and founder of Scout boats, there. September 1989 models, as much as six months in order to achieve this goal we. In styling and performance returning as the Official Standing Rigging Supplier for the company is president CEO. To par with other boats on the 22nd of September 1989 photographer etc want labor. For the company the buildings on this land, and inshore/bay boat models ranging from 1 to hp... Just like companies that are much, much bigger some tough times all smooth sailing labor a... Of steve potts scout boats net worth fish boats with high-end cruisers, order book stands at over 500 million for until. You grow up around the water and boats and incorporated it in our 15, 16 17! Infrastructure for you to be something very simple and conservative to ensure that it meets the highest of..., Scott sta-lok Terminals Ltd. is returning as the Chief Executive Officer the... 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