Some dealers might have entered the Rec Boat Holdings dealer meeting earlier this month with apprehension after the company’s sale to the Beneteau Group, but Dave Kazmark of Patchogue Shores Marina was not one of them.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Fort Myers (Fla.) City Council heard a pitch Monday from a real estate investor who hopes to lease the city’s money-losing yacht basin and turn it into a profitable venture.
Mark Fischer, owner of Boats Direct USA and used-car dealer Off Lease Only, purchased the assets and trademark of Deep Impact Boats.
AkzoNobel entered into a two-year partnership to supply the Extreme Sailing Series, an annual stadium racing circuit featuring some of the latest high-performance hull coatings.
Triton Industries, builder of the Manitou line of tri-toon boats, is launching a $4 million expansion in its native Michigan.
Centurion Boats and GoPole, a GoPro accessory brand, announced a strategic partnership that will provide an opportunity to generate increased awareness for both brands.
Fjord, manufacturer of the Chafe-Pro line of removable chafe-abrasion protection, announced a partnership with Aere Docking Solutions, the maker of Aere inflatable fenders and Fenda-Sox marine covers, to handle exclusive distribution of its select chafe-abrasion products in the market under the Fenda-Sox brand.
Larson Boat Group will start manufacturing Gekko Sport’s four models of towboats from its Little Falls, Minn., facility.
Power Products recently bought Portsmouth, N.H.-based Professional Mariner, also known as ProMariner.
Beneteau Group isn’t saying how much it spent last week to acquire Rec Boat Holdings, but CFO Patrick Guilloux gave some indication of the overall investment the company made.