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.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Davis Instruments acquired the Simply Brilliant product lines.
Malibu Boats filed with the Securities and Exchange Commission on Friday to raise as much as $115 million in an initial public offering.
Sailboat builder Hanse Yachts acquired Sealine GmbH and will move production of the yachts from England to Germany.
China’s private yacht market will not grow as rapidly as the market for luxury cars or handbags and will be driven by sales of smaller yachts.
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
Miller-Leaman, a Florida-based manufacturer of custom sea strainers, announced the sale of its Thompson SeaStrainers to North River Boats for use in its Almar line of boats. Oregon-based North River Boats builds aluminum vessels for commercial and recreational markets. Its recreational boats include the Scout, Seahawk and Trapper. “Miller-Leaman worked directly with us to provide…more
Bernard Engraving Co. acquired the Beckson Marine line of Memory-Mate Log Books as the company continues to grow its line of boating products. The company also announced the return of the popular format of the log book, the MM303 22-ring, loose leaf with a two-page spread for each voyage or leg of a voyage. “We’re…more
The Florida Keys largest resort was recently sold to Carey Watermark Investors. The real estate investment trusts total investment in the Hawks Cay Resort is about $149.4 million, including a $133.8 million purchase price and $15.6 million of planned capital improvements and other acquisition-related costs. The acquisition was financed with $79 million of debt. The…more
United Yacht Transport LLC announced that it will build the worlds largest yacht carrier in an effort to grow its yacht transport business. The Fort Lauderdale-based company said the semisubmersible vessel is slated for delivery in the second tax quarter of 2015. United Yacht says the conversion of a Panamax-size bulk vessel will produce the…more