Acquisitions and Investments

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

Acadia Yacht Sales acquires Annapolis dealer

The newly formed Acadia Yacht Sales, a partnership between owners William Seale and Christopher DiMillo, said it acquired Oxford Boatyard Yacht Sales & Sabreline of Annapolis, the northern Chesapeake’s exclusive Sabre Yachts & Back Cove Yachts dealer and yacht brokerage firm.

IBBI signs deal with Igloo Products Corp.

Cooler manufacturer Igloo Products Corp. signed a multiyear preferred vendor agreement with Independent Boat Builders Inc. to be the supplier of choice for coolers, cooler accessories and other related products.

Builder plans expansion in Maine

Ellis Boat Co. in Southwest Harbor, Maine, will expand by adding a new crane and more manufacturing space. The company expects to add eight jobs, according to an Associated Press report. The family-owned boat company was founded in 1945 and is known for its Down East yachts, from basic lobster boats to luxury cruisers, with…more

SeaStar Solutions has new owner

New York-based private equity firm American Securities LLC bought SeaStar Solutions in partnership with the company’s management team from an affiliate of H.I.G. Capital LLC. Terms of the deal weren’t disclosed.

CJR Propulsion acquires Oval Stainless

CJR Propulsion said it completed an agreement to purchase all commercial assets and intellectual property from stainless-steel fabricator Oval Stainless.

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