More than 40 years after a corporate separation splintered the Hobie brand among three entities, Hobie Cat Co. said it reunited all facets of the watersports brand under one ownership.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Max Marine Products LLC acquired SuperMax Anchors from owner and inventor Andy Peabody.
It’s a Google dock — and this one in Nantucket, Mass., cost $4.75 million.
Nobody can sell a Gunboat like founder Peter Johnstone.
Leisure Product Holdings LLC bought Marine Concepts/JRL Ventures.
Technomarine Group said Technomarine Yachts acquired the yacht brokerage firm Palm Beach Power Boats in Palm Beach, Fla.
Essex Yacht Sales LLC, owned by Leslie Quarrier, acquired Boatworks Yacht Sales in Essex, Conn., which has operated in the area for more than 25 years.
Fairline Boats was bought out of administration, the British equivalent of Chapter 11 bankruptcy protection, for an undisclosed sum.
North Carolina-based Gunboat International Ltd. will be sold at auction as a single lot to bidders, according to an amended motion filed in bankruptcy court on Tuesday.
Gunboat International, a manufacturer of luxury carbon fiber sailing catamarans, is headed to auction.