The Northwest Marine Trade Association recently bought the Northwest Paddling Festival, the region’s largest event dedicated to the increasingly popular recreation.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Rupert Murdoch found a buyer for his $29.7 million sailboat less than four months after announcing it was for sale.
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
Alexander Marine, builder of Ocean Alexander yachts, announced the expansion of its manufacturing facility.
A Washington state builder of welded aluminum monohull and catamaran fishing boats will build a plant in North Carolina to accommodate the growing aluminum segment.
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.
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.