In 1992, Carver (under Genmar Holdings ownership) bought the bankrupt Trojan Yachts assets and started to produce a new Trojan line of Express cruisers which were marginally popular in their category and were discontinued in 2002.
It was named, after the mythological Greek heroes who sailed with Jason in quest of the Golden Fleece, the Argonaut.
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Valdes and Threinen sold the company to Whittaker (listed on the NYSE), but Valdes continued as president of the subsidiary Columbia Yacht Corporation, and helped to develop Whittaker Marine Group, which ultimately included Bertram Yachts, Trojan Yachts, Riva, Desco Marine, Kettenburg, Balboa Marine, and Coronado Yachts.