We represented WSY, Inc. (formerly known as Westport Shipyard, Inc.) in the sale of its expedition-yacht manufacturing facilities in Port Angeles, Westport and Hoquiam, Washington, where it built luxury yachts ranging from 95 to 164 feet in length. We also assisted the company in the sale of its vessel sales facilities in Ft. Lauderdale, Florida, together with raw materials, work in process, plans and specifications, while retaining cash, accounts receivable and finished goods inventory. The deal involved one of the largest and most prominent recreational motor-yacht builders in Washington state with both national and international reputation, as well as an employer of approximately 400 employees. We handled the negotiation, documentation and closing of the transaction on behalf of Westport Shipyard.
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