A maker of luxury yacht tenders based in Tampa, Fla., is growing, buying the real estate it occupies and planning to launch a new business there.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
A New York private equity group bought Cobra Electronics Corp., which had been publicly traded on NASDAQ.
Ameritex Fabric Systems, a member of the Taylor Made Group, is doubling the size of its regional production space in an expansion geared to better serve the large number of pontoon and sportboat manufacturers in the upper Midwest.
Power Products LLC acquired Blue Sea Systems, a company that designs and manufactures products for marine and specialty vehicle electrical systems, including circuit protection, battery switches, busbars, power distribution panels and battery chargers.
The Swedish company Dometic Group bought Elkhart, Ind.-based Atwood Mobile Products LLC and is awaiting clearance to complete the purchase of Atwood’s Australian business, which is subject to regulator review.
The Freedom Boat Club signed a franchise agreement with the Liberty Marine Group to own and operate boat clubs in Miami and Fort Lauderdale, along with future locations slated for New Jersey, Virginia and North Carolina.
Rhode Island-based designer and boatbuilder US Watercraft LLC chose PierVantage for Boat Builders to help manage the company’s brands, including Alerion Yachts, C&C Yachts, True North Yachts and Waterline Systems.
Scout Boats is looking to increase capacity to build bigger boats, but the brand is still committed to producing the 17-footers the company built its reputation on.
Bonnier Corp. acquired The Promotion Company-Family Events, a sporting event organizer and producer outside Indianapolis.
Navico Holding AS, the parent company to Simrad navigational marine electronics, acquired Maritime Information Systems A/S, or Maris, from The Grieg Group.