Acquisitions and Investments

Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.

Glasstream Powerboats buys facility in Alabama

A.L. Kirkland, founder of Florida-based Glasstream Powerboats, said the company acquired a manufacturing facility in Dothan, Ala., to build its family-focused performance center console boats.

Beneteau Group acquires Rec Boat Holdings

The Beneteau Group announced it bought Rec Boat Holdings, a group of U.S. brands owned by Platinum Equity Group, which includes Michigan-based Four Winns, Glastron, Wellcraft and Scarab.

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