John Ward joined Hatteras Yachts in 2011 as senior vice president of global sales and marketing and was promoted to president and CEO in March 2013. Though he had been at Brunswick Corp. for years, he was retained as Hatteras CEO through Brunswick’s high-profile sale of Hatteras to Philadelphia-based Versa Capital Management.
Just over a month after Nautic Global Group’s private equity owners said they were putting the company up for sale, pontoon manufacturer Bennington Marine finalized a deal, acquiring all eight Nautic brands.
Gunboat International, a North Carolina builder of high-end carbon fiber sailing catamarans, is suing a yard in China it had contracted to build its largest models, saying some work was never done and that the yard refused to pay warranty claims on other poorly constructed yachts.
The village of Key Biscayne is back in court in its attempt to stop the 2016 Miami International Boat Show from taking place at the Miami Marine Stadium grounds — an effort organizers say is futile since nothing will deter them from continuing plans for the boat show at the park on Presidents Day weekend.
The recent sale of Nautic Global Group and all of its brands to Bennington Marine came as a surprise to some in the industry and dealers that carried the brands expressed both excitement and a bit of apprehension about the transaction.
The National Marine Manufacturers Association acquired the rights to the American Sportfishing Association’s four consumer shows, a strategic move that will boost the NMMA’s ability to expand the fishing component at some of its existing shows.