On Labor Day weekend the top two welds of the starboard bracket broke causing the bottom of the bracket to punch a hole thru the transom. Pumps could not keep up so I did a soft grounding and got my passengers off. Tow Boat US invoice of $68,750.00 salvage fee because we used one of his electric pumps to supplement my bilge pumps. Not bad for two hours of work! The reason for this thread is for all owners who have this lift to be vigilant and check these welds on a regular basis.