Sovereign America
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Sovereign America
Sovereign Yachts was an American boat builder based in Port Richey, Florida. The company specialized in the design and manufacture of fiberglass sailboats. The company was founded by Doug Steeg in 1978 and closed in 1998. History Steeg started the company in 1978 and produced a line of sailboats that included the Sovereign 17, Sovereign 7.0 and the Antares 17. The company went out of business after ten years, in 1988. The company did not name who their designers were for many of their boats, like the Sovereign 17 and credited them as the "Sovereign Design Group". Custom Fiberglass Products of Florida (CFPF) was founded by Robbie Bowen and built fiberglass boat components for other builders under contract, including decks liners and hulls for Captiva Yachts and Sovereign Yachts. When Sovereign Yachts ceased business in 1988, CFPF bought the assets, including ownership of the hull molds and started producing the boats, under the Sovereign Yachts name, the former company essenti ...
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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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