Acquisitions and Investments

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

ValvTect acquires Michigan fuel-additive supplier

ValvTect Petroleum Products of Northbrook, Ill., said today that it acquired Michigan-based Energy Additives Inc., a supplier of LPG/propane fuel additives and the exclusive distributor of Blue Moon propane filtration systems.

Brunswick acquires Garelick Manufacturing

Brunswick Corp. said today that it added Garelick Manufacturing Co., a maker of seat, table hardware and other items, to Brunswick’s growing marine parts and accessories business.

Everglades Boats has a new owner

Private equity firm Grand Crossing Capital Partners LP acquired a majority stake in Everglades Boats, a provider of offshore fishing boats.

Dealer reaction mixed to Nautic Global sale

Just over a month after Nautic Global Group’s private equity owners said they were putting the company up for sale, pontoon manufacturer Bennington Marine finalized a deal, acquiring all eight Nautic brands.

Seakeeper details recent expansion efforts

Marine stabilization and gyro manufacturer Seakeeper said it is expanding at an unprecedented rate, with gyro shipments up 46 percent in 2014 from the previous year, prompting the company to expand its sales and service staff, add certified and installation centers worldwide and add a new location for the company’s Florida office.

Marine outfitting companies announce merger

Two brands in marine outfitting said they merged to offer outfitting, fine furniture and finishing solutions for boats ranging from small center consoles to superyachts.

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