Acquisitions and Investments

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

KEP Marine has a new owner

Kessler-Ellis Products, or KEP Marine, was recently acquired by Sparton Corp. and its subsidiary Sparton IED LLC.

GE Capital survey shows increased sales optimism

Nearly 80 percent of marine industry participants expect sales to increase between 5 and 10 percent this year, according to survey results that GE Capital’s Commercial Distribution Finance division released Wednesday.

Al Behrendt speaks at a press conference announcing Active Interest Media’s acquisition of the Bahamas Billfish Championship and the Dania Beach (Fla.) Marine Flea Market. Others (from left) are Jennifer Dudas, Behrendt’s daughter and the producer of the tournament series and the flea market; Anglers Journal editor-in-chief William Sisson; AIM Marine Group group publisher Gary De Sanctis; and AIM chairman and CEO Efrem "Skip" Zimbalist III.

AIM plans for future of Bahamas Billfish Championship

MIAMI — Although the deal was announced on the eve of the Miami boat shows, Active Interest Media hosted a formal news conference last Friday at the Yacht & Brokerage Show in Miami Beach on its acquisition of the Bahamas Billfish Championship.

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