Acquisitions and Investments

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

Ameritex Fabric Systems will move to new Indiana facility

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 acquires Blue Sea Systems

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.

Dometic Group acquires Indiana manufacturer

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.

Freedom Boat Club signs deal with Liberty Marine Group

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.

US Watercraft signs deal with PierVantage

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 eyes building larger models

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 acquires event producer

Bonnier Corp. acquired The Promotion Company-Family Events, a sporting event organizer and producer outside Indianapolis.

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