Beneteau Group isn’t saying how much it spent last week to acquire Rec Boat Holdings, but CFO Patrick Guilloux gave some indication of the overall investment the company made.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
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.
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.
A New Brunswick company recently expanded to Maine and is building boats for the fishing industry, search-and-rescue and other purposes in Eastport.
Malibu Boats said it will buy all of the equity interests of the Malibu Boats licensee in Australia.
CDI Electronics said it acquired Arlington, Wash.-based Ballard Commercial Industries, which is known as Balmar.
Deep Impact Boats selected PierVantage to run its operations with its cloud-based business management solution for boatbuilders.
The Finnish-built, all-weather sport utility boats sold under the Minor Offshore brand will now carry the name Sargo.
Outdoor gear chain Cabela’s announced plans to open stores in three new markets — Huntsville, Ala.; Oklahoma City, Okla.; and Woodbury, N.Y.
The maker of Chaparral and Robalo boats has been looking to buy a complementary business, specifically eying pontoon builders, although the company has been outbid by private equity groups so far.