The TUI Group said it has an agreement to sell U.K.-based travel operator Travelopia, parent of Sunsail and The Moorings, to the U.S. private equity firm KKR & Co. for $403.7 million.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Iconic Marine Group said it has been hiring design and production engineers, managers and sales staff as part of the rebuilding plan for the Baja, Donzi Classic and Fountain boat brands.
After celebrating 50 years in the yachting industry, David Walters stepped aside and will serve as a consultant to the new owners of David Walters Yachts, the company he built.
As of January, Darrell and Leslie Allen are the new managing partners and majority shareholders of Hake Marine LLC, the builder of Island Packet and Seaward Yachts.
SeaStar Solutions, a manufacturer and supplier of marine steering and control systems, engine parts, fuel systems and related products, said it acquired Marine Digital Integrators LLC, a Stuart, Fla.-based manufacturer of complete electrical proprietary systems.
Tennessee-based Marine Accessories Corp. said it added Fishmaster T-tops to its portfolio of OEM and aftermarket brands.
Dominion Marine Media said it acquired YachtCloser.com.
A Rhode Island maker of high-end sailboat components severely scaled back operations as it searches for a new investor to rescue the financially troubled business and its 52 employees.
St. Lucie County in Florida said it is seeking a private partner to help develop 20 acres of waterfront land inside the Port of Fort Pierce to be used for megayachts.
Correct Craft, the owner of several boat brands, said today that it acquired Bryant Boats.