The Storm Trysail Club reached an agreement to buy Quantum Key West Race Week from Premiere Racing, although the race will retain title sponsor Quantum Design Group.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Chaparral parent company Marine Products Corp. opened a new 150,000-square-foot manufacturing plant at its Nashville, Ga., campus in response to increased demand for the new Vortex line of jetboats.
Correct Craft said Tuesday that it is entering the bass and walleye fishing markets with the acquisition of Bass Cat and Yar-Craft.
Pontoon manufacturer Premier Marine announced that the company will transfer the production of its Weeres and Palm Beach brands to its headquarters in Wyoming, Minn.
Kessler-Ellis Products, or KEP Marine, was recently acquired by Sparton Corp. and its subsidiary Sparton IED LLC.
Dometic Group realigned its Dometic Americas organization in conjunction with the integration of Atwood Mobile Products.
Nearly 80 percent of marine industry participants expect sales to increase between 5 and 10 percent this year, according to survey results that GE Capital’s Commercial Distribution Finance division released Wednesday.
Zurn Yacht Design is announcing a remodeled 1,200-square-foot Massachusetts facility and two additions that double the firm’s design team.
MIAMI — Although the deal was announced on the eve of the Miami boat shows, Active Interest Media hosted a formal news conference last Friday at the Yacht & Brokerage Show in Miami Beach on its acquisition of the Bahamas Billfish Championship.
Active Interest Media bought the Bahamas Billfish Championship as the newest piece of its AIM Marine Group portfolio. The acquisition also includes the Dania Marine Flea Market.