Acquisitions and Investments

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

Georgia firm acquires marine service software programs

Alliance Management & Consulting Group of Canton, Ga., recently became the new owner of two industry service programs, the company announced. MShop Software (now Marine Shop) is a marine service department software program that was developed in 1992 and specializes in small service-only repair shops. WatchCaptain Professional (now Management Pro) software specializes in small- to…more

WeatherHawk acquires Speedtech products

WeatherHawk, a division of Campbell Scientific, acquired Speedtech Instruments’ range of wind/weather meters, including the SkyMate, SkyMaster and WindMate product line, the Utah-based company announced. Terms of the deal were not disclosed. The other Speedtech products – portable depth sounders, flow meters and the Edge hunting and fishing hand-held computers – will continue to be…more

Gleistein Ropes opens U.S. office

Gleistein Ropes opened a U.S. office in Bellingham, Wash., ┬áthe German company announced. “We anticipate that we will continue to grow strongly – and want to be in a prime position to capitalize on this,” said Steve LoPiano, who joins Gleistein Ropes as head of the new branch. LoPiano brings more than 30 years of…more

Overseas mast manufacturers merge

Denmark-based Nordic Mast and New Zealand-based Southern Spars announced a merger. “The merger will create a combined entity with over 350 staff that will be better equipped to compete on the world stage, supplying a comprehensive range of high-quality carbon fiber masts, booms and carbon rigging to meet the demands of all market sectors,” the…more

API Marine forms new company after acquisition

API Marine is spinning off the assets of the former Advanced Hydraulic Systems to form a new company, Hydradynamic Systems Inc., the company announced. Last May, API Marine acquired the assets and intellectual property of AHS, formerly of Winchester, Ky. In the last year, AHS’s products, technology and engineering have been incorporated into API’s facility…more

Investment group buys Lauderdale service shop

Nautic and Co America, a full-service yacht repair company based at the Lauderdale Marine Center in Fort Lauderdale, recently announced that it was purchased in October 2009 by an investment group looking to expand into the marine industry. The holding company, Nautic Enterprises LLC, consists of six investors from around the country. “From our perspective,…more

Global Satellite USA has new headquarters

Fort Lauderdale-based Global Satellite USA purchased a new, 5,000-square-foot office that includes a showroom divided into manufacturer sections and broken down by product family. With the new space, Global Satellite USA will now be able to hold training programs on a regular basis, the company said. “We have been considering moving offices for a while…more

Cruising clubs announce alliance

The Cruising Rally Association and World Cruising Club Ltd. are joining forces, the groups announced. The Cruising Rally Association is best known as the organizer of the annual Caribbean 1500 Rally from Hampton, Va., to the British Virgin Islands. World Cruising Club Ltd. is the organizer of the Atlantic Rally for Cruisers, from Las Palmas…more

Dealer exemption included in financial regulation bill

Boat dealers, along with auto and RV dealers, will be exempt from oversight by a new federal consumer financial protection bureau in a bill agreed upon early Friday morning by a congressional conference committee. The bill now goes to the House and Senate for approval, then to President Barack Obama to sign, likely before the…more

European verification service sold

Earlier this month, one of the certifiers for the European Union’s Recreational Craft Directive standards for vessels eight to 80 feet changed hands when Alasdair Reay purchased the verification services division of the operations consultancy and training firm Human Performance Improvements. Reay resigned as CEO of certification standards firm CEproof to take the helm at…more

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