Russo Marine — now called MarineMax Russo Marine following last week’s acquisition by the largest boat dealership chain in the country — brought in $35 million in revenue in 2015 and represented MarineMax’s largest acquisition since 2006.
Resilient U.S. consumers, favorable spring weather and strong March boat sales trends point to a very solid marine industry in its peak selling season and could indicate a supply shortage in California and northern U.S. states.
As founder of the Singleton Marine Group, which merged with Legendary Marine in October 2014 to form OneWater Marine Holdings, Austin Singleton is trying to give successful boat dealers who have no succession plan a way out.
Chaparral and Robalo Boats president Jim Lane of Valdosta, Ga., died March 19, losing a long struggle with leukemia. He was 73. Lane came on board with company founder William “Buck” Pegg in 1977 and formed Chaparral Boats. During a career that spanned almost four decades, Lane was widely respected as an intuitive businessman, an…more
MarineMax acquired Boston-based Russo Marine, New England’s largest privately held boat dealer.
Marquis Yachts is filing suit against Netherlands-based VanDutch Yachts for the second time in a year, saying VanDutch breached its contract with Marquis to build the Dutch company’s yachts.
EDITOR’S NOTE: This begins a two-part special report on the industry’s declining baby-boomer client base and the reluctance of the next generations to commit to boat ownership.
MIAMI — It was an epic undertaking.When the National Marine Manufacturers Association announced in 2015 that it was going to move the million-square-foot Progressive Miami International Boat Show from the Miami Beach Convention Center to an island that had nothing on it except a decrepit marine stadium that hadn’t been used in decades, many seemed…more
BOSTON — Seeing no snow during any of the nine February days of the Progressive New England Boat Show, with nearly springlike weather during the final weekend, exhibitors and organizers say the event was a success.
Fourteen months after Rainmaker, a 55-foot Gunboat, was abandoned in the Atlantic Ocean, members of Oracle Team USA spotted the fully intact hull at sea. They saw the boat while they were on a fishing trip off Bermuda, and a 40-foot Luhrs charter fishing boat called Tenacious hauled it in, according to Gunboat founder Peter…more