From the Velocity website....
In 1986, Steve leased the Velocity name and the 22 and 30- foot molds to Regal Marine; and they were built as Regal Velocity models. A year later Steve closed his plant in Pompano and moved his family north to Orlando so he could work for Regal. He was disappointed with the way Regal used the Velocity name and the quality of the boats produced. He felt they did not live up to the reputation Steve had worked so hard to build for the Velocity name.
In 1989, Steve started Thoroughbred Powerboats, which consisted of 3 models: 26- foot Summer Squall, 35- foot Majestic Prince, and 41- foot Bold Ruler; it was Kim’s idea to name the boats after legendary thoroughbred horses. Four years later, Steve regained control of what he started years ago- Velocity.
I had a 1991 26' Thoroughbred and loved it.