Acquisitions and Investments

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

Iconic Marine Group sells Pro-Line brand

One of the partners of Iconic Marine Group — the group that purchased the Fountain, Donzi, Baja and Pro-Line boat brands last spring — bought out the shares of saltwater fishing brand Pro-Line.

T-H Marine acquires rights to Wave Away products

T-H Marine Supplies and Wave Away LLC said they have an agreement that gives T-H Marine exclusive global rights to manufacture and distribute the Wave Away Sonar and GPS Screen Cleaner product line.

Ohio boatbuilder has a new owner

The Tartan management team, led by Rob Fuller and Tim Jackett, said it acquired the exclusive manufacturing, development, marketing and distribution rights for Tartan sailing yachts, Legacy motoryachts and Aspire composites in an agreement with S&S Financial Ventures.

Great Lakes Boating magazine has a new owner

Great Lakes Boating magazine, which serves 5 million boaters on the Canadian and U.S. sides of the Great Lakes, was sold to Harris Publishing, which will take over all responsibilities, beginning with the December issue.

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