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Scott Maddux
(Filmed with his wife Monet)
Owner
Smoky Mountain Harley-Davidson
Scott Maddux began his professional career after receiving a BS in Marketing and a Masters Degree in Business (MBA) from Tennessee Tech University . He started work as a financial analyst for the March Group, a regional merger and acquisition firm in Nashville , Tennessee . After three years as Sr. Analyst in Charge of Business Valuations, he left to pursue his own business. Scott started a marketing and advertising company (Crescent Moon Advertising) in Cookeville , Tennessee . Within six months he had opened an office in Chattanooga , a market that could better support the business and Cookeville became a secondary market.
His wife Monet eventually became Crescent Moon's general manager when he began raising venture capital for a start-up cigar manufacturer (Caribbean Cigar Company). Scott worked with the cigar company until it received its bridge capital and went public. Afterwards, he began consulting small to mid-sized companies in areas of mergers and acquisitions, venture capital, and business valuations.
In 1997, he and his wife decided it was time to move on. They sold Crescent Moon and purchased a house in his hometown ( Baxter , Tennessee ). At this point, Scott purchased an option to acquire a failing trucking company (Eagle Transportation). He loaned the company money to pay its outstanding payroll taxes and bring its financial obligations up-to-date. In addition, he assumed the role of President and began to organize and restructure. Within a short time, Scott negotiated an arrangement with Lowes Companies to locate a Contractors Yard (Commercial Division of Lowes) on Eagle's property. Once Lowes decided to lease the property, he exercised his option to acquire controlling interest. This was the formation of Pumpkinhead Investments. Pumpkinhead liquidated Eagle's remaining assets and now owns and leases a 40,000 square feet building on five industrial acres. This deal was instrumental in providing Scott with creditability within the local banking community.
Also in 1997, Scott became a 50% partner in Maddux Underground Communications (a company his father started). Through his banking relations, he set up a badly needed line of credit and immediately began to redirect the company from a subcontractor to a general contractor. He and his father formed a perfect partnership, with his father's strengths offsetting Scott's weakness and visa versa. From 1997, Maddux Communications grew from a five-person operation with sales under $1 million to over 50 employees with revenues of $10 million. In 2001, Scott sold Maddux Communications to Quanta Services, a NYSE company. This ensured the financial security for his mother and father and opened the door for the Harley-Davidson opportunity.
On September 3, 2004 Smoky Mountain Harley-Davidson (SMHD) opened in its new 47,000 square feet facility located in Maryville , Tennessee . Since its opening, SMHD has exceeded expectations and been recognized by Harley-Davidson as one of its premier dealerships. SMHD has been recognized with the Bar & Shield award for excellence every year since opening, has been recognized as the Retail Environment of the Year, and was awarded Dealer of the Year by Harley-Davidson Financial Services in 2006.
In addition to the dealership in Maryville , Tennessee , SMHD also owns Harley-Davidson retail stores in Gatlinburg and Pigeon Forge and was recently awarded a new territory in Southeast Kentucky . |