Nordhavn Yachts is a classic tale about two young mariners who spent their early years crossing oceans in small yachts, but their ambitions and accomplishments grew into an yachting enterprise. Jim Lieshman, crewing on his family’s yacht, had sailed from California to Hawaii. Dan Streech had cruised for a year on his family’s 54’ Alden yawl. Later, they met Joe Meglen and soon after they formed Pacific Asian Enterprises, importing CT boats, and Transpac 49s, from Taiwan.
In those early days of Taiwan production, boats needed extra effort to reach Western-world quality standards; so all three men worked with their crews to bring the boats up to par. They raised quality levels; eventually importing and selling 35 Transpacs. By 1977, ready for the next step, they presented a plan to their builders: The developer – PAE – would own the molds and tooling while the Taiwan builder would deal exclusively as their sub-contractor.