Lynn Wagemann sold his interest in Hacker Boat Co. Inc. to Erin Investments LLC, a holding company owned by George Badcock, the company announced. Wagemann had been president and CEO of the company.
Wagemann bought Hacker in 2004 and sold an interest to Erin in 2009. Badcock and Wagemann had been working closely together since Erin bought into the Lake George, N.Y.-based company.
Founded in 1908, Hacker is a builder of classic mahogany runabouts, sportboats, launches, tenders, racers and utilities from 24 to 35 feet.