Acquisitions and Investments

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

Marine Response Alliance relocates to Texas

Marine Response Alliance, an association of U.S. emergency responders providing OPA 90 Salvage Marine Firefighting, has relocated from Pompano, Fla., to Houston so it can be situated with international salvage partner Titan Salvage. Located near George Bush International Airport, the new Marine Response Alliance office has a 102,500-square-foot maintenance and warehousing facility with 4.61 acres…more

Malibu Boats cites its strengths in IPO filing

Malibu Boats’ filing with the Securities and Exchange Commission for an initial public offering says the company has held the No. 1 market share position among U.S. performance sportboat manufacturers for nearly four years.

Malibu Boats files for IPO

Malibu Boats filed with the Securities and Exchange Commission on Friday to raise as much as $115 million in an initial public offering.

Westrec Marinas signs promotional deal with Cruzin

Peer-to-peer boat rental company Cruzin and Westrec Marinas announced a strategic alliance at the Fort Lauderdale International Boat Show. Westrec will help promote Cruzin to customers at its marinas nationwide. Westrec earlier helped Cruzin’s beta launch in Fort Lauderdale with a pilot at Westrec’s Harbour Towne Marina. Offering a way for boat owners to generate…more

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