Acquisitions and Investments

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

Georgia boatbuilder being sold at auction

An auction is under way for the assets of Marine Manufacturing Corp. in Douglas, Ga. The auction, at www.kcr-auctions.com, includes four fiberglass boat lines: Clearwater Sportfishing Boats, Key Largo Sportfishing Boats, Cape Craft Sportfishing Boats and Clearwater-Caribbean Skiffs, with molds, production tooling, brand names, website domain names, dealers’ lists and related intangibles. Also being sold…more

Goetz Custom Boats property sold in R.I.

Bristol Marine Holdings LLC recently purchased the 45,600-square-foot building that Goetz Custom Boats formerly occupied in Bristol, R.I. The state-of-the-art facility will accommodate new and growing businesses in the marine trades industries. The addition of this location to Bristol Marine Holdings’ inventory of available space is important to the continuation of its successful track record…more

California boatbuilder weighs move to Florida

A California-based boatbuilder is considering setting up a $1.8 million boat and trailer manufacturing operation in Martin County, Fla., with 41 jobs and an annual payroll of $1.4 million. The company plans to spend $1 million for a 20,000-square-foot building in Martin County and another $100,000 on renovations, county records show. The company expects to…more

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Maine boatbuilder up for sale

Southport Island Marine, an 11-year-old Maine boatbuilder and service yard, is for sale. Owner Douglas Goldhirsch, a sail training instructor, boat designer and boatbuilder, plans to step away from the business to spend more time with his family. He says he is optimistic that a buyer can be found who will share his passion for…more

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Strut Marine acquires engine builder

Strut Marine, a full-service facility for high-performance offshore boats in Southern California, announced the acquisition of Paul Pfaff Enterprises. Pfaff, of Huntington Beach, Calif., is recognized as one of the country’s premier builders of engines for offshore performance boats and off-road performance vehicles. The purchase, which was completed on March 31, includes Pfaff’s entire facility…more

Protective cover maker acquires new line

Budge Industries, a leading provider of protective covers and protective-asset solutions, announced the acquisition of a line of protective films from World Class Concepts. The new products, Road Wrap, Rug Wrap and Snow Wrap, are primarily designed to guard the interior carpet and exterior finishes of automobiles, boats, motorcycles, RVs and other vehicles from road…more

IPS Structural Adhesives revamps its operations

IPS Structural Adhesives is leveraging its merger with Holdtite Adhesives Ltd. to create a new brand, expand production capacity and introduce new technologies to a broader array of markets, the company said. The expansion, including a move to a new facility in the U.K., includes new investment in people, technology, equipment and processes. The investments…more

Tartan Marine signs deal with designer

Tipton Design and Engineering announced a partnership with Tartan Marine, a builder of handcrafted boats. Tipton started doing design work with Tartan on its new T4000. “We set up a desk at their Painesville facility and started designing components with them with the idea that we would manufacture the parts, as well,” Tipton president Roger…more

Company acquires fishing tournament series

BD Outdoors.com, a new company created by the founders of Bloodydecks.com, purchased the California Billfish Series, which includes the Zane Grey Invitational, Catalina Classic and Avalon Billfish Classic. The events will continue to take place on Catalina Island with no changes to the formats, rules or other aspects of the tournaments. “These three tournaments attract…more

Manheim consolidates boat inventory

Two Manheim Specialty and Heavy Truck & Equipment operating locations have consolidated inventory in Atlanta. Manheim Georgia now features Manheim Specialty boat and RV sales, and Manheim Metro Atlanta was designated as the Georgia location for heavy truck and equipment inventory. Boat and RV dealers are invited to participate at Manheim Georgia’s next sale at…more

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