Acquisitions and Investments

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

IPS Structural Adhesives revamps its operations

IPS Structural Adhesives is leveraging its merger with Holdtite Adhesives Ltd. to create a new brand, expand production capacity and introduce new technologies to a broader array of markets, the company said. The expansion, including a move to a new facility in the U.K., includes new investment in people, technology, equipment and processes. The investments…more

Tartan Marine signs deal with designer

Tipton Design and Engineering announced a partnership with Tartan Marine, a builder of handcrafted boats. Tipton started doing design work with Tartan on its new T4000. “We set up a desk at their Painesville facility and started designing components with them with the idea that we would manufacture the parts, as well,” Tipton president Roger…more

Company acquires fishing tournament series

BD Outdoors.com, a new company created by the founders of Bloodydecks.com, purchased the California Billfish Series, which includes the Zane Grey Invitational, Catalina Classic and Avalon Billfish Classic. The events will continue to take place on Catalina Island with no changes to the formats, rules or other aspects of the tournaments. “These three tournaments attract…more

Manheim consolidates boat inventory

Two Manheim Specialty and Heavy Truck & Equipment operating locations have consolidated inventory in Atlanta. Manheim Georgia now features Manheim Specialty boat and RV sales, and Manheim Metro Atlanta was designated as the Georgia location for heavy truck and equipment inventory. Boat and RV dealers are invited to participate at Manheim Georgia’s next sale at…more

Missouri boatbuilder up for sale

The owner of Black Thunder Powerboats is selling the company and hoping that some “young blood” can come in and keep the nearly 25-year-old manufacturer going. “It’s just age, more than anything. It’s going to take a fight to get it going again,” Don Jenkins, 78, told Soundings Trade Only. “I was at the Miami…more

BlueWater Marine Transport buys Atlanta company

  Fort Lauderdale-based BlueWater Marine Transport recently acquired Morgan Marine Transportation of Atlanta in a move that will expand the company’s customer service capabilities. Terms of the deal were not disclosed. With a larger fleet and the addition of more specialized equipment, the company said it will increase the number and the size of vessels…more

Marine seat builders announce joint venture

Springfield Marine Inc. and Modell Møbler A/S have joined forces to share in product development, quality control, sales and distribution, the companies announced. Norway’s Modell Møbler is a leading marine seat and furniture manufacturer for commercial ferry and passenger ships worldwide. Springfield Marine, based in Nixa, Mo., is a leader in seating and seating hardware…more

Cruising guides have new ownership

P&S Marine LLC recently purchased Charlie’s Charts, a series of six cruising guides covering the western coast of North America. Capt. Holly Scott and Jo Russell, principals of Seal Beach, Calif.-based P&S Marine, are well-known and active in the California marine industry. Scott, the owner of Mahalo Sailing Instruction and Charters, is also a Coast…more

Google co-founder buys $45 million yacht

Google co-founder Larry Page recently plunked down $45 million for his first yacht. The 193-foot superyacht, Senses, features a small helicopter pad, a gym, split-level sun decks, sheltered and exposed dining areas, 10 luxury suites, a crew of 14 and interiors by French designer Philippe Starck. Page, who will turn 38 in March, is worth…more

Florida dealerships announce merger

Marine Connection, a dealership in West Palm Beach, Fla., was sold to Danny Goldenberg and John Kutuk, owners of Fort Lauderdale-based Super Boats & Yachts. The new ownership team plans to consolidate all of its operations under the Marine Connection brand. Marine Connection founder and president Mark Lassila and general manager Timo Turkki will remain…more

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