Florida Gov. Rick Scott said Tuesday that Merritt Island Boat Works will open a new manufacturing facility, creating at least 380 new jobs and a capital investment of more than $16 million in Brevard County.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Lazzara Yachts was purchased by the Avanti Ocean Group, which consists of private investor Geoff Bond and third-generation family members Joe Lazzara and Steve Lazzara.
Ranger Boats will continue to grow after the Bass Pro Group acquires the company, but there are no plans to expand the plant or relocate operations.
A deal for the Bass Pro Group to buy Fishing Holdings LLC, which builds Ranger Boats and the Stratos and Triton brands, is expected to close in the first quarter of 2015.
Willard Marine acquired the rights to design and manufacture Crystaliner boats, a line of surf and rescue vessels that have been prevalent on the West Coast for nearly six decades.
OceanLED LLC is relocating to a new space to expand its U.S. operations.
Bass Pro Group today announced an agreement to buy Fishing Holdings LLC, a manufacturer of fishing boats that include Ranger Boats, Stratos and Triton, from the Platinum Equity Group.
Service providers in the United States are forecasting that their revenue growth will almost double next year to 10 percent.
Boating accessory manufacturer MarineTech Products bought all of the assets of The Watchman, a manufacturer of lower-unit and transom locks.
Marine Mat said it obtained patent-pending status for removable EVA foam traction mats.