General Electric Co., working to reduce dependence on its finance unit, is in advanced talks to sell assets in the $9 billion vehicle fleet-management business to Element Financial Corp., according to Bloomberg Business.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Atlantic Cruising Yachts LLC was appointed as authorized dealers for Fountaine Pajot catamarans in Florida.
Some of my happiest memories are of times spent on the water with my family and friends. For me, boating is a true lifestyle and not just a hobby or job.
Resolve Marine Group, a Fort Lauderdale-based company that provides marine services, acquired Harbor Place, a 36,000-square-foot office building in Fort Lauderdale, for $8.9 million.
Miami-based Emerging Markets Communications signed a definitive merger agreement to acquire MTN Communications.
Strong sales and a high order backlog prompted Marine Products Corp. to increase production during the second quarter to cover the remainder of its 2015 model-year orders.
Fort Lauderdale-based safety and survival technology manufacturer ACR Electronics announced today its acquisition of Ocean Signal Ltd., a British supplier of marine safety and survival equipment.
Brunswick Corp. said it acquired BLA, Australia’s largest provider of boating, lifestyle and adventure products, to help bolster the company’s marine parts and accessories business in the region.
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.
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.