Following its acquisition of Watermark, Confluence Holdings decided to focus on its core paddlesports segment and sell-off its WindRider brand of Trimarans. Following this decision, Don Maxwell, a WindRider sailing enthusiast, formed WindRider, LLC and made a successful bid to acquire the brand and all of its assets including brand name, molds, designs, and intellectual properties. Also, WindRider.com and 800-311-SAIL will be transferred from Confluence to WindRider shortly. The new company will be headquartered in Sandstone, MN. Maxwell plans to market and develop new models, upgrade and refine the current line, and provide parts and service for all previous WindRider models. Financial terms of the sale were not disclosed.
Confluence Sells Trimaran Business
Confluence Holdings completed the sale of the assets of its WindRider trimaran sailing line to WindRider LLC registered in Plymouth, MN on October 7, 2005. Terms of the sale were undisclosed.
“With the sale of WindRider, we will be able to concentrate on our core business of designing and manufacturing the best canoes, kayaks, and paddlesports accessories on the market,” Richard Feehan, CEO, Confluence.
“WindRider is a unique product that makes sailing safe, fun and accessible for anyone,” said Don Maxwell, managing member of WindRider LLC and technical advisor and director of research and development. “We look forward to picking up where Confluence left off in developing WindRider into the most popular sailing trimarans in the world.”
WindRider LLC has acquired all WindRider assets, including the brand name, molds, designs, and intellectual properties. WindRider.com and 800-311-SAIL will be transferred from Confluence to WindRider LLC in the upcoming weeks.
Operating out of Sandstone, MN, WindRider plans to market and develop new models, upgrade and refine the current line, and provide parts and service for all previous WindRider models.
