Andrew Pace
Davis Boat Works, a 57-year-old ship-repair facility in Newport News, was sold to Portsmouth-based Fairlead Integrated in 2015. The company was previously owned by state Sen. Frank Wagner, who bought the shipyard in 1996.
| Characteristics | Values |
|---|---|
| Previous owner | State Sen. Frank Wagner |
| Current owner | Portsmouth-based Fairlead Integrated |
| Year of sale | 2015 |
| Year founded | 1958 |
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What You'll Learn
Davis Boat Works was sold to Fairlead Integrated in 2015
Wagner announced the sale in 2019, saying: "I will continue to advocate for the ship-repair industry; it is the industrial and manufacturing backbone of the Hampton Roads economy. I am on to the next chapter of my life, but I will always fondly recall my time as CEO at Davis Boat Works."
Jerry Miller, owner and CEO of Fairlead, said he wasn't looking to buy a shipyard, but acquiring Davis was a "good opportunity". "It gives us waterfront access," he said. "It was kind of a natural."
Davis Boat Works, now doing business as Fairlead Boatworks, employs over 100 highly-skilled tradesmen and administrative personnel. It is a premier East Coast marine repair facility that provides services to both commercial and military clients.
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The company was previously owned by state Sen. Frank Wagner
Davis Boat Works, a 57-year-old ship-repair facility in Newport News, was previously owned by state Sen. Frank Wagner. Wagner, R-Virginia Beach, bought the shipyard in 1996 and served as its president and chief executive officer for nearly 20 years. In June 2015, Davis Boat Works was sold to Portsmouth-based Fairlead Integrated, which is owned by Jerry Miller.
Wagner said in a statement: "I will continue to advocate for the ship-repair industry; it is the industrial and manufacturing backbone of the Hampton Roads economy. I am on to the next chapter of my life, but I will always fondly recall my time as CEO at Davis Boat Works."
Since its beginnings in 1958, Davis Boat Works has serviced thousands of commercial boats and vessels for various kinds of repair, fabrication, and alteration needs. It has also serviced hundreds of various boats, vessels, and barges for the US Army, US Coast Guard, and the US Navy.
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It was bought by Portsmouth-based Fairlead Integrated
Davis Boat Works, a 57-year-old ship-repair facility in Newport News, was bought by Portsmouth-based Fairlead Integrated in 2015. The company was previously owned by state Sen. Frank Wagner, who bought the shipyard in 1996 and served as its president and chief executive officer for nearly 20 years.
Fairlead Integrated is owned by Jerry Miller, who said that acquiring Davis Boat Works was a "good opportunity" as it gave the company "waterfront access".
Since its purchase by Fairlead Integrated, Davis Boat Works has become a premier East Coast marine repair facility, employing over 100 highly-skilled tradesmen and administrative personnel. The company has serviced thousands of commercial boats and vessels for various kinds of repair, fabrication, and alteration needs, including work for the US Army, US Coast Guard, and the US Navy.
The sale of Davis Boat Works to Fairlead Integrated marked a new chapter for the company, with the name eventually changing to "Fairlead Boatworks, Inc.".
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The company's name will change to Fairlead Boatworks, Inc
Davis Boat Works, a 57-year-old ship-repair facility in Newport News, has been sold to Portsmouth-based Fairlead Integrated. The company was previously owned by state Sen. Frank Wagner, who bought the shipyard in 1996 and served as its president and chief executive officer for nearly 20 years.
The sale was announced on Friday, with the terms undisclosed. Jerry Miller, owner and CEO of Fairlead, said he wasn't searching for a shipyard to buy, but acquiring Davis was a "good opportunity".
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Davis Boat Works has serviced thousands of commercial boats and vessels
Davis Boat Works was previously owned by state Sen. Frank Wagner, who bought the shipyard in 1996. Wagner served as the company's president and CEO for nearly 20 years before selling it to Fairlead Integrated. The sale gave Fairlead waterfront access, which its owner and CEO, Jerry Miller, described as a "good opportunity".
Davis Boat Works has provided invaluable services to commercial clients, as well as the US Army, US Coast Guard, and the US Navy. The company has a long history of ship repair and is well-known in the industry.
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Frequently asked questions
Davis Boat Works was sold to Portsmouth-based Fairlead Integrated in 2015.
State Sen. Frank Wagner owned Davis Boat Works for nearly 20 years.
Fairlead Integrated bought Davis Boat Works in 2015.
Jerry Miller, owner and CEO of Fairlead, said that acquiring Davis Boat Works was a "good opportunity" as it gave the company "waterfront access".
