The Lively Lady was built by Robert F. Rich, a famous lobster boat builder, at Bass Harbor Boatshop on Mount Desert Island in 1971. She was built for Park Entrance Hotel owner Doug McQuinn and originally called PEM. In 1973 McQuinn got divorced. He went to his friend Robert Collier and asked him if he would buy the boat. Collier, owner of Frenchmans Bay Boating Company, agreed, and the next day Mcquinn crashed his private plane and was killed. Collier changed the name to Osprey, and in 1980 sold her to Danial Fox of Belfast Boat Inc. In 1984 she was sold to Reginald L. Greenlaw, and then to Paul Crowley in 1987. In 1994 Alan W. Philbrick purchased her and changed the name to Lively Lady Too. Alan established the current business in Camden Harbor, and in 2012 the Lively Lady and associated business were acquired by Camden Harbor Cruises. Names the Lively Lady has had in her lifetime include PEM, Osprey, Palmer Day III, Ocean Delight, and Lively Lady II.