A two-time offshore powerboat racing world champion, Casey Boaz, the co-owner of the CR Racing Team as well as FJ Propeller Midwest in Osage Beach, Mo., has purchased Hering Propellers. Boaz and his wife, Sheila, finalized the deal today with Jim Hering at his Marysville, Wash., facility.
“Casey had heard I was looking to sell and called me out of the blue in February or March, but with the COVID-19 thing we weren’t able to get together until about three weeks ago,” said Hering. “I showed him around the shop and how we do things.
“We hammered out the details and signed a deal on a dollar bill,” he added, then laughed.
“I think Hering Propellers has the best name in the world,” said Boaz. “We had been wanting to develop our own stuff and this acquisition will help us accomplish that.”
For the balance of 2020, Hering’s equipment and operations will remain in Washington and its namesake will continue to run the company. In early 2021, Hering’s equipment will be moved to a new facility that Boaz is building adjacent to FJ Propeller Midwest in Osage Beach. The new structure should be finished in October, he said.
As FJ Propeller Midwest provides propeller repair and tuning services and Hering produces new propellers, the businesses will be kept separate. However, Jesse Boaz, the Boaz’s 27-year-old son who mostly runs the current Osage Beach prop business, as well as his 16-year-old brother Nicholas, also will be deeply involved in the Hering operation in Missouri.
In essence, FJ Propeller Midwest and Hering Propellers will be a one-stop shop, albeit in two neighboring facilities, for high-performance powerboat enthusiasts.
An avid competitive cyclist, Hering will soon have more time to pursue the sport, as well as some ideas he has for its hardware. “I plan on pursuing a few things on the drive train side,” he said.
Though Boaz remains eager to return to the racecourse with cockpit-mate Rob Unnerstall in the CR Racing team’s 32-foot Doug Wright catamaran, the yet-to-begin 2020 season has given him more time to focus on his new acquisition and FJ Propeller Midwest.
“It’s been kind of a good break because otherwise we’d be completely focused on getting the raceboat ready for events,” he said. “But we are still ready to go racing. We just don’t know if it’s going to happen.”
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