Acquisitions and Investments

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

Airmar acquires Marport fishing division

Ultrasonic transducer and sensor manufacturer Airmar Technology Corp. acquired “substantially all of the assets” of Marport Deep Sea Technologies’ Commercial Fishing division, a developer of advanced sonar technology. Airmar will also acquire the name “Marport” and the Web domain as a part of the transaction. Terms of the acquisition weren’t disclosed. “The integration of our…more

My-Villages acquires DockMaster software company

Marine mobile technology company My-Villages bought the information management software company DockMaster. By integrating DockMaster software and My-Villages’ consumer and professional application, called the Boat Village, My-Villages will serve more than 600 marinas, several Top 100 service centers, dealers, boatyards and marine service centers in North America and the Caribbean, the companies say. “The biggest…more

Portland Yacht Services buys boat-repair company

Portland Yacht Services owner Phineas Sprague Jr. purchased Gowen Marine, a boat repair business that has been a 2-acre fixture on the waterfront in Portland, Maine, for more than 50 years. Sprague sold his 10-acre Portland Co. Marine Complex on the eastern end in late July and closed the following week on separate purchase and…more

Bryant Boats reports market-share gain

A year ago, when John Dorton acquired the majority interest in Bryant Boats, he said he had big plans for the Tennessee-based company. One of the first things he told Trade Only that he wanted to do was strengthen the dealer network, which has increased 30 percent in the last year. “We’ve doubled our run…more reports boost in advertising contracts said 56 new companies signed on as advertising partners in August and all 20 partner companies with expiring contracts chose to renew. The large number of companies signing on and renewing with Fishhound, a membership-based angling community, is a testament to the effectiveness of the site in connecting with target customers, Fishhound vice president…more

Group signs boat-show deal with Active Interest Media

Expoships LLLP, owner and operator of the exhibition megayacht SeaFair, will take part in the Yacht & Brokerage Show in Miami Beach and the Palm Beach International Boat Show as part of a strategic partnership with Active Interest Media and Show Management. The Club at SeaFair will have its debut as the official Yachts International…more

Neptune Group Yachting has new Fort Lauderdale headquarters

Neptune Group Yachting moved its headquarters to SE 17th Street in Fort Lauderdale. “We are delighted to be located on yachting’s ‘Street of Dreams,’ where so many of our colleagues in the industry are now our neighbors,” Neptune Group Yachting president and charter agent DJ Parker said in a statement. “We have made this move…more

Gill Marine has new majority owner

British private equity firm YFM Equity Partners bought a majority stake in clothing maker Gill Marine. Insider Media Ltd. reported that details of the deal weren’t disclosed, but that YFM looks to invest as much as 10 million pounds, or more than $16 million, in fast-growing U.K. companies. Gill, which makes technical sailing clothing and…more


Mud Hole Custom Tackle acquires New York distributor

Mud Hole Custom Tackle, a rod-building e-retailer and mail order catalog company, acquired Catskills-based Merrick Tackle Center of Shandaken, N.Y., a 54-year-old global tackle distributor and fishing components supplier. “The acquisition expands Mud Hole’s offerings for customers and complements its global presence in the rod-building, fly-tying and tackle-crafting industries,” Mud Hole president Thomas McNamara said…more

Freedom Boat Club continues to expand operations

Freedom Boat Club, launched in 1989, is following a record-breaking year in 2012 with an even stronger 2013, the Venice, Fla.-based company said. In October, with the scheduled opening of its newest location in Sarasota, Fla., the club will be operating in 71 locations. It added five in 2012 and has added 13 more this…more

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