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Outboard Marine Corporation (OMC) was a maker of Evinrude, Johnson and Gale Outboard Motors, and many different brands of boats. It was a multibillion-dollar Fortune 500 corporation. [ 1 ] Evinrude began in Milwaukee, Wisconsin in 1907.
OMC declared chapter 11 bankruptcy in 2000 and its assets were subsequently acquired by Bombardier Recreational Products, which continued to build Evinrude branded outboard motors. On May 27, 2020, BRP announced that they would be retiring the Evinrude brand and would exit the outboard boat motor market, in favor of manufacturing recreational ...
Ole Evinrude formed Evinrude Outboard Motors, which he sold in 1913 in order to look after his sick wife. In 1919, Evinrude invented a more efficient and lighter two-cylinder motor. Having sold his part in Clemick & Evinrude, he founded ELTO or the Elto Outboard Motor Company. (ELTO was an acronym for "Evinrude Light Twin Outboard".)
OMC filed for bankruptcy on 22 December 2000. It has been owned since 2001 by the Canadian firm Bombardier Recreational Products. Bombardier stopped selling outboards under the Johnson brand after 2007, and moved all sales entirely to Evinrude Outboard Motors until they were discontinued in June 2020. Bombardier supports existing Johnson ...
In 2001 Bombardier purchased the Evinrude Outboard Motors and Johnson Outboards trade names for the insolvent Outboard Marine Corporation. [19] In 2003, the company sold Bombardier Recreational Products to a group of investors: Bain Capital (50%), Bombardier Family (35%) and Caisse de dépôt et placement du Québec (15%) for $875 million. [20]
Evinrude purchased Johnson Motor Wheel Company from a New York stock brokerage firm a year later, and in 1936 they merged with the Outboard Marine and Manufacturing Company (OMC), continuing production of Lawn-Boy mowers until 1939, when it was temporarily put on hold to manufacture outboard motors for World War II.
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