Info Aqualung Financial Troubles

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It seems like Aqualung has some financial troubles that puts it at some degree of risk of bankruptcy. They have been given a hard timeline to implement a 'get-well' plan . I am just throwing this out there for discussion. I am mostly interested in the old heads that have seen this situation before with other manufacturers and their assessment of what the fall out typically looks like. I sure do enjoy my Apeks regulators, but they are overpriced in the US and under Aqualung's umbrella that ultimately falls under a private equity firm's ownership that seems to be super distant from shops/regular divers. Sounds like they set their hat on blaming the supply chain for their financial woes. I feel that may be partly the case, but given the nature of private equity firms, the second someone else wants to try and polish their turd they made, they will sell and that shakes things up even worse for the end user. It definitely gives me pause when considering regulator choices with long term ownership as a factor.
I read that the new CEO was not a diver but was an expert at sliming operations down and increasing profits. Having known Aqualung for many years I find it sad that this company is in this position.
 
If they were to separate out their Conshelf 14/1085 reg production facility that they have for their military and commercial clients, that BTW is still machined and hand soldered right here in the US, and expand that market to civilians who are willing to pay the money (which there are), I would be happy. The rest of Aqualung’s line I don’t care about. A bunch of newfangled overly gimmicky crap AFAIK.
Get back to basics with a proven design spanning almost 6 decades.
 
This past April, I wanted to get back into diving after a 7 year hiatus. I took my Aqualung Balance BCD and Titan LX regulators to the local shop where I originally purchased them. I was told they would be ready in a month. This seemed like a long period of time, but I was still okay with it. Post-COVID, I know a lot of people are itching to get out on the water again. I figured it was reasonable to assume that my LDS had a backlog of service work.

A month later, I never heard anything from the LDS so I called to follow up. I was told they haven't started work on my gear since they were waiting for parts. Parts shortages aren't unheard of, so I let it go and let them hold onto my gear. But the warning bells were going off in my head.

Fast forward 2.5 months later, I haven't heard a word from the shop about my gear. I followed up with the shop again this morning. They still haven't started work on my gear. I asked some pointed questions about what the problem was. The guy I spoke to told me that there were supply chain issues with Aqualung because of COVID and they have been waiting upwards of a year for parts. Blaming COVID for supply chain issues seemed like a flimsy excuse to me. So I decided to do a deep dive (pun intended) to find out the root of the issue. It didn't take long for me to find this thread :mad:

I'm not sure what I'm more pissed about...the prospect of my practically new $3000 set of scuba gear (with only 30 or so dives on it) becoming paper weights...or the LDS feeding me BS this whole time, knowing full well that they can't service my gear.
 
I'm not sure what I'm more pissed about...the prospect of my practically new $3000 set of scuba gear (with only 30 or so dives on it) becoming paper weights...or the LDS feeding me BS this whole time, knowing full well that they can't service my gear.

It's not the shop, AL has been telling there dealers the parts are on the way, for a long time.
 
If they were to separate out their Conshelf 14/1085 reg production facility that they have for their military and commercial clients, that BTW is still machined and hand soldered right here in the US, and expand that market to civilians who are willing to pay the money (which there are), I would be happy. The rest of Aqualung’s line I don’t care about. A bunch of newfangled overly gimmicky crap AFAIK.
Get back to basics with a proven design spanning almost 6 decades.

Right...just spend thousands for a brand new set of gear...simple. Who cares about everyone else (myself included) who have already spent thousands on equipment, can't get it serviced now, and can't replace it.
 
It's not the shop, AL has been telling there dealers the parts are on the way, for a long time.

I don't buy that the LDS isn't part of the problem. If replacement parts are unobtainium, the LDS shouldn't be telling customers that they will have their gear ready in a month.

Do suppliers have any control over what LDS say to their customers? I'm wondering if there is some kind of contract where the LDS is obligated to accept customer work no matter what. I don't know the ins and outs of running a scuba shop but I'm curious to know how this works.

If my LDS was forthright and told me they couldn't service my gear because of supplier issues, I would still be pissed no doubt. But I would appreciate their honesty. In fact, I would be more willing to work with them in the future.

Just curious, if LDSs can't service customer's equipment, what are they doing to address their own rental gear?
 
I don't buy that the LDS isn't part of the problem. If replacement parts are unobtainium, the LDS shouldn't be telling customers that they will have their gear ready in a month.
Do you know what parts they are waiting on? If it's standard service kits, that shouldn't be an issue. AL still has stock on those, especially a common model like the Titan. A decent shop should have plenty on hand too.

If it's something else that needs replacing -- say one of those purge covers that tended to deteriorate from UV -- that might be another matter. Some odd parts were hard to come by even before the pandemic.

I would find out from the shop what parts they need -- get the part numbers -- and then call another AL dealer and see what they say. Perhaps you'll get lucky and find a dealer with stock on hand. Your reg isn't obselete and I think you have waited long enough.
 
I don't buy that the LDS isn't part of the problem. If replacement parts are unobtainium, the LDS shouldn't be telling customers that they will have their gear ready in a month.

Do suppliers have any control over what LDS say to their customers?

If my LDS was forthright and told me they couldn't service my gear because of supplier issues, I would still be pissed no doubt. But I would appreciate their honesty. In fact, I would be more willing to work with them in the future.

Just curious, if LDSs can't service customer's equipment, what are they doing to address their own rental gear?

They are being told the parts are on the way
 
They are being told the parts are on the way

I feel sorry for the shops that have a ton of AL rental gear that they can't service. So their alternatives are to buy all new rental gear from another brand, or their SOL? That's really ******.
 

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