Acquisitions and Investments

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

Malibu seeks to expand reach of Cobalt Boats

Malibu Boat’s purchase of Cobalt Boats was “not an acquisition of a sterndrive company,” but the purchase of a company that offers several opportunities given Cobalt’s entry into the outboard and wake surf segments last year.

TowBoatUS owner buys two more locations

Capt. Conrad Morris, the owner of TowBoatUS Bay St. Louis in Mississippi, expanded by acquiring TowBoatUS Biloxi, Miss., and TowBoatUS East and West Lake Pontchartrain, La.

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