After less than two years in business, H2O Sports Manufacturing is expanding its operation and hiring more workers to meet demand for its Clearwater and Cape Craft brands.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Action Craft Boats is reflecting on four years under new ownership, a period in which the Florida-based company said it added a second manufacturing facility and 12 models to the lineup and seen double-digit growth in each year.
Digital Marine Solutions said it completed the acquisition of the assets of the marine division of Jeppesen, a Boeing company.
SkipperBud’s purchased a 10,000-square-foot service center in Pewaukee, Wis., that features six service bays, a parts department, a customer waiting lounge and parking for customer walk‐ins and boat drop‐offs.
Marine Accessories Corp. said today that it acquired Marine Accessories B.V.
Grand Large Yachts bought Gunboat International for $910,000 in cash and has committed to continue the brand and to have a U.S. presence, although it is not clear whether the company will continue its operations in Wanchese, N.C.
T-H Marine Supplies acquired Tonka Customs LLC, which manufactured the Wave Tamer bow sonar mounts.
Gunboat International was sold at auction to GL Yachting USA and the sale is expected to close on Friday.
Anchor South Investments and its property management company Anchor South Management joined Dallas-based Suntex Marina Investors.
Johnson Outdoors acquired key assets of Northport Systems, specialists in the development and application of digital cartography technologies.