A Love Affair That Didn’t Last – PK Floats Inc. Is Up For Sale
A audible sigh of relief went through the seaplane community in February 2016 when the re-opening of PK Foats, Inc. was announced in a Bangor Daily News article. Just a short time earlier, the company had re-commenced operations under the leadership of Patrick McGowan. The love affair with the company and history didn’t last all too long – as we learned yesterday the company is back on the market.
Without fanfare, the company appeared on Barnstormers yesterday, leaving some of us in high hopes that an American investor will secure the historic company, prior to Chinese investment dollars speaking. Word spread very quickly – which gives us hope that a new buyer will take the ship on without downtime for the employees and staff members.
AVIATION BUSINESS OFFERING • BUSINESS OPPORTUNITY OFFERED • PK Floats a US Float Manufacturer For Sale. PK is a 60+ year old maker of seaplane floats. Over 1200 sets of floats in worldwide service. Offered is PK Brand, real estate, equipment, inventory, aircraft, trained staff, ideal location with seaplane base on airport. New products plus 40 existing FAA Supplemental Type Certificates. Eleven TSO’d Float models plus new LSA Carbon Fiber float. PK is the industry leader in dependable, rugged, rough water floats with specialties with Cessna and Husky aircraft. Unique business opportunity. Call Peter Ventre / Ventre Commercial Real Estate 207 653-4447 Contact Patrick McGowan – PK FLOATS, Broker – located Lincoln, ME USA • Telephone: 207-446-5262 . 207-794-0180 . • Posted February 6, 2018
Those of us remembering what happened to Baumann Floats back in 2011 may wish to reach out to Mr. McGowan and get the acquisition ball rolling. We’ll be standing by to follow the news and developments, in best intentions to see these fine floats as part of our industry and out of the hands of foreign investment sharks, for the foreseeable future.