42M was retired when the Canal ceased commercial operations in December 1959 and was sold off at auction by CIE in 1960. It was later bought by Donnacha Kennedy from Judge Connellan in Carnado in 1971. Donnacha converted the hull to a passenger charter boat and renamed her Jacaranda. The conversions were to similar specifications as the other boats of this time with felt roofs, and ship lapped superstructures. A small wheelhouse, which had only three sides, was mounted astern and access to the main cabin was by a stairway forward of the wheelhouse. The other boats in the fleet were 40M (Sequoia), 47M Palo Alto.

During the 1970's Jacaranda was chartered out to holidaymakers for trips on the Shannon. They were provided with a skipper and a cook and mostly cruised the upper parts of the Shannon. In 1975 Jacaranda was used as the base of operations for raising the 45M from the bottom of Lough Derg. She was sold in 1977 and used privately for the following ten years .

In 1987 the next new owners built the current wheelhouse and re-fitted the interior. They sold her around 1996. The engine has since been replaced and refitting of the inside has taken place. She is now known as 42M as the name Jacaranda has been dropped.

Crew Included

During a long and produtive life as a commerial boat she was crewed by some very interesting characters including John Conroy, whose son Jimmy is now the Lockkeeper in Lowtown, Tommy Hanlon, Paddy "Waxer" Dunne, Michael Connolly and Joe Cox.