Marine recreational product retailer Nautical Ventures Group purchased an additional property in North Palm Beach, Fla.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Correct Craft acquired the majority interest in Centurion Boats and Supreme Boats, the latest in a series of acquisitions for the Nautique parent company.
SkipperBud’s is opening a new location at MacRay Harbor on Lake St. Clair, the company’s fourth in eastern Michigan.
Atlanta-based OneWater Marine Holdings LLC acquired Captain’s Choice Marine on Lake Murray in Leesville, S.C. as it continues to increase its presence in the South.
Kohler Power Systems, a maker of diesel and gasoline marine generators for a recreational and commercial boat applications, signed a new distribution agreement with Boatswain’s Locker that expands the companies’ partnership to include Hawaii.
Edenton Boatworks LLC, a newly formed company of Murphy Alternative Investments, acquired the offshore sportfishing boat builders Albemarle Boats and Carolina Classic Boats.
Canada Pension Plan Investment Board and Ares Management submitted bids Thursday for General Electric Co.’s U.S. private-equity lending business, according to Bloomberg News.
Assets and equipment of SkipperLiner Inc. in Wisconsin — at one time the nation’s largest builder of luxury houseboats and commercial passenger boats — will be sold in an online auction on Tuesday.
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.
Atlantic Cruising Yachts LLC was appointed as authorized dealers for Fountaine Pajot catamarans in Florida.