US Watercraft, which builds the Alerion Yachts, C&C Yachts, True North Yachts and North Rip Boats brands, has been placed in receivership. The Rhode Island builder is also licensed to build several JBoat models.

Vincent Indeglia was named as temporary receiver by the Rhode Island Superior Court. The court met last week to assess and secure all of the company’s assets. Its creditors are restricted from filing any legal motions against the builder.

US Watercraft’s facilities are located in Warren, Rhode Island.