Willard Marine, Inc. Secures $25 Million Funding Commitment From Global Emerging Markets (“Gem”)
08/26/21, 1:10 PM
Location
Willard Marine, Inc. announced that it has signed an agreement with GEM Global Yield LLC SCS ("GGY"), the Luxembourg-based private alternative investment vehicle providing Willard Marine with a Share Subscription Facility of up to $25 Million for when it goes public. Willard Marine will control the timing and maximum number of drawdowns under this facility and has no minimum drawdown obligation.
Company Info
Location
anaheim, california, united states
Additional Info
Willard builds mission proven boats as tough and worthy as those who depend on them. Law enforcement, military, and commercial mariners around the world place unwavering confidence in their Willard boats and the talented men and women who design, build, and service them. It is always our mission to help mariners complete theirs.
Willard has a proven track record of designing and building some of the safest, most rugged vessels in the world. Since our founding in 1957, Willard has provided more than 1,500 boats to the U.S. Navy, Coast Guard and Marine Corp., as well as allied foreign military, law enforcement agencies, search and rescue organizations and commercial companies. Still based in California, with additional facilities in Virginia Beach, Willard is the sole American manufacturer of SOLAS approved rescue boats. Willard Marine boats are built to meet a variety of standards including USCG, ABYC, and ABS among others, and we are proud to be ISO 9001:2015 certified, which requires that we maintain a strict Quality Management System that consistently yields high-quality boats at reduced costs and more efficient production timelines for our clients.
Willard is proud to say that none of our clients have reported a hull-failure. This is a reflection of our quality engineering and manufacturing processes combined with our exceptional attention to detail found in everything from our orderly electrical wiring to the strategic placement of scupper holes. We stand behind our work and offer a comprehensive warranty, and customers enjoy many decades of safe, reliable performance and low-cost maintenance with a Willard Marine boat!