A 26-foot Pilot House Catamaran was one of a full range of spartan fishing and cruising boats made by Twin Vee in Fort Pierce, Florida
Twin Vee Inc. has filed for Chapter 11 bankruptcy.
Documents filed with the Southern District of Florida show that the company has listed about $1.7 million in liabilities. It owes debtors between $1 million to $10 million.
Twin Vee founder Roger Dunshee, who sold his majority share in the company in 2003 to Tampa-based investment firm Stonehenge Capital Co. for an undisclosed sum, evicted the company from his Fort Pierce, Florida, manufacturing facility last month.
SLC Commercial, Inc., a commercial real estate firm, is now soliciting offers for the 7.2-acre manufacturing plant at U.S. 1 and Edwards Road. The asking price on the 80,000-square-foot property is $4 million and lease rate is $4 per square foot, plus property taxes and insurance.
“It is my opinion that they made a lot of bad business decisions,” Dunshee said about Stonehenge Capital.
Former Twin Vee CEO Scott Noble could not be reached. The attorney handling the bankruptcy, Fort Lauderdale-based Jason Slatkin with the law offices of Slatkin & Reynolds, could not be reached.
At this writing, the Twin Vee Catamarans site was still live.