New Owner for Velocity

Former general manager Scott McCormick acquires the assets of performance boat brand.

Former general manager Scott McCormick has acquired the Velocity trademark and assets.Courtesy Velocity Powerboats

Velocity Powerboats has a new owner intending to give the brand "a new lease on life." The brand's former general manager, Scott McCormick of Debary, Florida, has acquired the Velocity trademark and assets according to a September 24 media release. According to the release McCormick says his intention is to restart manufacturing of the complete Velocity Powerboats line.

McCormick’s ties to Velocity Powerboats date to the early 1990’s when he frequented the shop then located in Deland, Florida, and got to know Steve Stepp, who founded Velocity in 1976.

When McCormick opened his boat transport business in 1994, Velocity Powerboats was his first customer. According to the media release, McCormick spent most of his free time at the Velocity factory rigging boats, setting up boat shows and selling boats for Stepp. In 1999, McCormick and Stepp partnered to build a Factory-class race boat. It is during this period that McCormick began his professional offshore race career, where he came to achieve 15 podium finishes and set three World U.I.M. Records.

“My love for the product and the people who build and own a Velocity is unmeasurable," said Mr. McCormick. “My team and I have an unwavering desire and the vision needed to get this legendary brand back to its place in the offshore world."

Velocity Powerboats is based in Sanford, Florida and specializes in building offshore performance sport and fishing boats ranging in size from 19 to 41 feet. Founded 42 years ago by world champion racer Steve Stepp, Velocity Powerboats has set 14 world speed records and won seven national championships and eight world championships. Velocity has also built boats for the military and test boats for Mercury Marine and sold products to more than twelve countries.