Com-Pac Legacy Sport
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Com-Pac Legacy Sport
Com-Pac Yachts is an American brand of sailboats, made by the Hutchins Co., Inc., a boat builder based in Clearwater, Florida. The company specialized in the design and manufacture of fiberglass sailboats. Over time the brand and the company have become synonymous. The company was founded by W.L. "Les" Hutchins Sr. in 1957 and started building sailboats in 1970. The company ceased its operations in 2025 History Les Hutchins had started as a farmer and trained tool and die maker, but became an inventor, designing many automotive accessories and parts and even a folding high chair. He established his first company in St. Louis, Missouri, doing metal-stamping and fabrication work, making parts of the automotive industry under subcontract. Hutchins ended up owning a number of patents and registered trademarks. In an attempt to diversify his company's interests and also to move into a field he personally enjoyed, Hutchins decided to enter boat building in 1970. Focusing on the sm ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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