BVM Sold
 

Interesting news..

http://www.bvmjets.com/

I wish Bob all the best going forward.. He's been a pioneer in this segment of the hobby for decades!

That article tells you next to nothing

Only the principles are entitled to know the details of the sale, and I am sure that BV will keep the details private....just like the company...privately held.....the modeling community doesn't need to know his private business.

This is standard, good business-transition practice. As terms of the sale, and to protect the investor's interests, the buyer gets the previous owner to stay on-board for a period of time to ensure existing customers are taken care of, new ones are treated with the same expected customer service level and other aspects of the business, e.g. quality control, are held to the same standard. Eventually the old owner turns over control, usually gradually and may even be a representative, if he's interested and still agrees with the new business paradigm. I'd expect something like a 12 month phase-over. As a guess, but the above are right - this is private, not our business just affects what's available for our consumption.

An "interest" would imply (to me, anyway) that BVM has not been entirely sold, not yet, anyway. An interest is just that - a percentage stake in a business. Not a total sale, possibly not even a controlling interest at this point.
So, there is information in this, at least to me.

As I read it:
BVM isn't going anywhere. Manufacturing is staying put.

Outside investors play an important role with RTF airframes becoming so prevalent. IMHO, the transition to RTF airframes couldn't have been pulled off by any other company, let alone as smoothly.

It says also that the business will continue to be run by the same people we've known for so long. Often, when a business is sold, the previous owners are long gone (Some guy named Marc Vigod comes to mind, lol). Things can change so much that the original company becomes un-recognizable. BVM seems determined to NOT let that happen.

BVM customers should read this as good news!

This is great news for BVM. The new owners are committed to forwarding BVM toward the future and they will continue to offer parts on existing kits and some of the older kits.

Chuck, Andy and Rusty have it nailed down.
BV was looking relaxed at lunch today.

Great to hear the old man is finally chilling.