Earl Bentz, the entrepreneur who started Triton Boats and helped found CapStar Bank, will start building boats in Cheatham County again.
Gov. Bill Haslam and Economic and Community Development Commissioner Bob Rolfe announced that Bentz and his new company Caymas Boats would invest more than $30 million to establish operations in Ashland City. The company will build fiberglass fishing boats and plans to hire nearly 300 people in the next five years, according to a release.
Bentz founded Triton in the 1990s before ultimately selling it for $63 million in 2005. He stayed on as an executive at the bass boat manufacturer, but the production and most related jobs eventually left Ashland City.
“All of us at Caymas Boats are thrilled to bring fiberglass boatbuilding back home to Ashland City,” Bentz said in a release. “I’m especially proud that many area craftsmen who formerly built Stratos, Javelin and Triton boats have already signed onto the Caymas workforce. These loyal and highly skilled men and women already have decades of boatbuilding expertise, assuring that Caymas boats will lead the marine industry in quality and innovation.”
Boat production will begin in February and will initially include saltwater bay boats up to 27 feet in length and fiberglass bass boats up to 21 feet in length, according to the release, with more models on the way. The company will operate from two existing buildings located on Highway 12 in Ashland City.
The state and other entities did not disclose details about economic incentives provided to the new company.