Acquisitions and Investments

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

Glasstream Powerboats buys facility in Alabama

A.L. Kirkland, founder of Florida-based Glasstream Powerboats, said the company acquired a manufacturing facility in Dothan, Ala., to build its family-focused performance center console boats.

Beneteau Group acquires Rec Boat Holdings

The Beneteau Group announced it bought Rec Boat Holdings, a group of U.S. brands owned by Platinum Equity Group, which includes Michigan-based Four Winns, Glastron, Wellcraft and Scarab.

Cabela’s plans three new stores

Outdoor gear chain Cabela’s announced plans to open stores in three new markets — Huntsville, Ala.; Oklahoma City, Okla.; and Woodbury, N.Y.

Airmar Technology expands in New Hampshire

Ultrasonic transducer and sensor manufacturer Airmar Technology Corp. more than doubled its footprint at its Milford, N.H., headquarters with the opening of a 73,000-square-foot manufacturing plant.

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