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In 1974, Jim Leishman, Dan Streech, and Joe Meglen, who shared a love for the sea and extensive offshore sailing experience, founded a small yacht brokerage in Dana Point, California. Nordhavn venture would eventually evolve into the present-day Pacific Asian Enterprises (PAE). Initially, the business dealt with general yacht brokerage and the importation of CT boats from Taiwan, along with the Transpac 49 line of boats. During the 1970s, the CTs and Transpacs represented the early days of Taiwan boat building, and considerable effort was required to improve their quality. Jim, Dan, Joe, and Nordhavn small crew worked tirelessly on the boats personally, collaborating closely with the Taiwan builders to make necessary improvements and raise the quality standards.