Frank Sciacca, the general counsel for Outerlimits Offshore Powerboats in Bristol, R.I., issued the following statement this afternoon on the death of company president Joe Sgro yesterday. The statement reads as follows:

 Joe Sgro (third from left) with Mike Fiore (left), Nigel Hook (right) and an unidentified racer during the Powerboat P1 Malta Grand Prix of the Sea.

“Outerlimits Offshore Powerboat Company and the entire Outerlimits family mourns the loss of our beloved President, Joseph Sgro. Joe, who was 63 years of age, passed away due to injuries sustained during a boating accident in the Florida Keys on Friday, November 9. Joe is survived by his loving wife Eileen, their beautiful six children and soon-to-be three grandchildren. Anyone who knew Joe loved him and his family. His larger-than-life personality and his generosity to his family and friends was unparalleled.

“The entire Outerlimits family is devastated by the loss of our friend and colleague who along with Brian McLaughlin is a shareholder and Director of Outerlimits, and we wish to express our deepest condolences to his entire family and especially Eileen, who is in our prayers. Details on arrangements will be made and released in the coming days.

Per McLaughlin’s request, Outerlimits is closed today as a day in mourning for Sgro.”

Related story: Outerlimits’ Joe Sgro In Critical Condition After Powerboat Crash