Chaparral Boats (originally Fiberglass Fabricators) was founded in 1965 by William "Buck" Pegg and Reggie Rose in Ft. Lauderdale, Florida.

After a short tenure attending college for Dentistry, in 1964 Pegg went to work at his father's company where he manufactured fiberglass goods.

Reggie Rose acquired a 50% interest in Fiberglass Fabricators in 1963 and helped build a customer base.

In 1986, Chaparral Boats was purchased by RPC Energy Services (NYSE:RES) of Atlanta, Georgia.

[5][6] In 2012, Chaparral introduced a lower priced vessel, the H2O speed boat, to appeal to a wider audience.