www.cyrilhuzeblog.com/2008/05/24/scott-meyers-new-owner -
[Cached Version]
Last Visited: 6/26/2008
Scott Meyers New Owner Of American IronHorse Motorcycles
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Yesterday Friday a U.S. bankruptcy judge in Fort Worth agreed to the sale of American IronHorse Motorcycles to Scott Meyers for $6.7 million.The total cost of the acquisition by Scott Meyers will be in excess of $8 million because it includes liabilities in the form of warranties on existing bikes.So, it's very good news for all IronHorse dealers and motorcycle owners because the new IronHorse will honor all existing warranties.Evidently, by doing so, the new owner wants to rebuild a very tarnished company's image.Scott Meyers is 54, a CPA by training, a former CEO of group of defense contractors called Alliant Techsystems, and owns 2 IronHorse dealerships in Minnesota and Montana.To run the new IronHorse, he will move to the existing factory in Fort Worth, TX. Meyers said the purchase is being financed by $2.5 million of his own money and a $6.7 million line of credit from Textron Financial, IronHorse's main lender and a unit of Textron Corp..To re-launch the business, he intends to pursue a strategy of producing limited edition high quality models.American IronHorse. (picture Scott Meyers).
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Congrats to Scott, can't think of a better person to take over AIH!!!
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Seriously, I wish you the best of luck Scott, and I'm curious what your new models will look like… perhaps Cyril might assist you in designing a classy line?
4 Biker DATA May 25th, 2008 at 7:28 am
Biker DATA would like to wish you much success with the American IronHorse Motorcycle Company.I personally love the name AIH and the Slammer is a great looking ride.
Scott all the best to you and your new venture.
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Best wishs to Scott and may the AIH rule.
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Scott if you keep the integrity of your team from your own dealerships that were critical to the timing of this deal and the teaming of the Arlen Ness partnership you will no doubt succeed, you staff at Blackwater has always been proffesional and the best to deal with.
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Wish Scott and the AIH team the best of luck bringing the brand back to the forefront of the V-Twin Industry.
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Best of luck to Scott in reviving the AIH brand.
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Check um out Scott.
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The best of luck to Mr. Meyers.
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If Mr. Meyers intends to rebuild AIH's tarnished image he can start with my bike.
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Mr. Meyers.Funny how Mr. Hendrickson felt "bad for the investors who lost money" with no mention of the customers AIH screwed during his tenure.
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Best Wishes to Scott Meyers.
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Clean house, Scott and the rebuilding will be much easier.
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Scott Meyers has agreed to honor all existing and past consumer warranty liabilities, even though he doesn't have to.He is the first CEO that has expressed a concern for Dealers and consumers alike.He came to our 4 Year Anniversary event last Saturday and helped sell bikes and fielded hundreds of customer questions… in my book, he is the right guy.See him in action at; http://www.ihot.us/Past Events.cfm
He has only had possession of the company for 1 week, seems like everyone should give him a chance.
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Hopefully Mr. Meyers is astute enough to clean house regarding the management team and provide a level playing field for the dealers.
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Where are all these skilled employees today that got the work done for you ? What about the promises made to them as for as promotions,etc: What about the spy camaras they worked under ? How many times did they get at least a hello from you ? Once again, wishing Scott Meyers all the best with AIH.I do beleive he is the right man for the job to keep AIH on track.
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Nor as dealer-world.com quoted Mr. Meyers, "American IronHorse swamped the market with bikes in 2005 and when inventory started to stick they agreed to pay for the flooring."
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Before you beatify yourself and Mr. Meyers for Sainthood look at the customers AIH has screwed.Bottom line, American Ironhorse, with or without Mr. Meyers, is a black eye to the DFW business community and the motorcycle industry.bob128 99@yahoo.com
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I was supporting a group that made an offer on AIH, but after talking to Scott Meyers, withdrew our bid and decided to work and support him and his plan.
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Scott - show him the door.
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All I have done on this site is to try and offer support for Mr. Meyers and AIH.
Most Harley Dealers hate Bruce, but HD loves him!
All of you "annonomous" idiots have taken your shots at me for whatever reason from a cowardly position of fake names & initials.I'm sure Mr. Meyers is smart enough to look at numbers, not opinions… opinions always have flaws, numbers never lie.