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Don Aronow founded Formula in 1962 in Miami, Florida. The original 233 deep-V hull design was built at his direction and later earned notable victories on the national offshore racing circuit. Formula was the first of Aronow's boat companies. While many of today's Formulas have matured well beyond the speed-only image, the prestige originating with past racing victories is still quite evident in the highly successful FAS3TECH series. In 1961 Thunderbird was acquired by Alliance Machine and Foundry and they followed up by purchasing Formula in 1964. Both Formula and Thunderbird models were then produced in North Miami. An Atlanta-based conglomerate, Fuqua Industries, acquired Thunderbird /Formula in 1969.
Vic Porter once again exercised his entrepreneurial spirit in 1970 and, along with five business associates, founded the Signa Corporation. This venture resulted in a quality line of trihull boats manufactured in Decatur and marketed throughout the Midwest and East. With Porter as president, Signa's growing success attracted the attention of Fuqua Industries. Fuqua's offer to buy Signa was accepted in 1973 and, based on his expertise in the boating industry, Porter was named president of Fuqua's entire small-boat division. At that time there was also a manufacturing facility in Paso Robles, California.
In mid-1976 Vic Porter purchased Thunderbird/ Formula from Fuqua. The second generation of Porters joined in the management team as they finished their college work and gained experience in the business. The trihull design was discontinued in 1979, and company emphasis centered on the offshore deep-V hull configuration of the Formula models.
Formulas were manufactured in California through 1981. In March of 1988, Thunderbird also departed South Florida and consolidated corporate and production headquarters in a brand new, state-of-the-art facility in Decatur, Indiana. Formula continued to grow and evolve in the 345,000 square-foot plant, and, in September 2000, production capacity was expanded with a 143,500 square-foot addition.
Vic Porter, chairman of Thunderbird, continues to be actively involved in the business. With the Porter family focusing on quality in every aspect, it is certain that Thunderbird will continue to maintain Formula's long-established reputation as a premier powerboat worldwide.
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