Acquisitions and Investments

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

ADP Lightspeed unveils mobile sales tool

ADP Lightspeed, a provider of dealer management systems, introduced its mobile version of Lightspeed CRM, powered by V-SEPT. The new feature gives sales departments within dealerships the ability to access inventory, customer and sales-log information through mobile devices such as iPadTM, iPhone and AndroidTM phones, the company said. “Salespeople at the dealership can’t be tied…more

Alexseal Yacht Coatings moves to South Carolina

Alexseal Yacht Coatings, the paint system manufactured by German-based Mankiewicz Gebr. and Co., moved its U.S. operations from St. Louis to Charleston, S.C., the company announced. Mankiewicz renovated a 24,000-square-foot building, which includes a state-of-the-art lab, production, technical training and warehouse facility and provides new employment opportunities for the local community. The move provides faster…more

Syntec planning $7.5 million expansion

Syntec Industries plans to expand the company by adding 30 jobs and making a $7.5 million capital investment in its Rome, Ga., headquarters. “This is great news for Syntec, as this expansion allows us to increase our capacity in supporting our existing customers, as well as our new ones,” Syntec board chairman Tom Watters said…more

Unified Marine opening facility in Florida

Unified Marine is opening a facility in Bonita Springs, Fla., which will house a new research and design department and a quality-control testing center. The 2,000-square-foot facility marks the third new facility for Unified Marine since 2006. The company opened a 40,000-square-foot headquarters in Newport, Tenn., in 2006 and a 20,000-square-foot warehouse in the same…more

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.,  the 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

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