Acquisitions and Investments

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

OceanLED returns to full production

OceanLED said its U.K.-based manufacturing facility will be back to full capacity production today, 10 days after the company announced a restructuring and it introduced several new members of its management team.

Marine camera systems company expands in Lauderdale

Roughly seven months after opening its first North American sales office in Fort Lauderdale, U.K.-based Iris Corp. moved its operations to a new, larger facility in the same business complex to meet growing demand.

AdvanTec consolidates Pacific Coast Marine operations

AdvanTec Global Innovations said Tuesday that it will consolidate its Pacific Coast Marine manufacturing operations into other AdvanTec manufacturing facilities in the United States and Canada, effective July 31.

Acadia Yacht Sales acquires Annapolis dealer

The newly formed Acadia Yacht Sales, a partnership between owners William Seale and Christopher DiMillo, said it acquired Oxford Boatyard Yacht Sales & Sabreline of Annapolis, the northern Chesapeake’s exclusive Sabre Yachts & Back Cove Yachts dealer and yacht brokerage firm.

IBBI signs deal with Igloo Products Corp.

Cooler manufacturer Igloo Products Corp. signed a multiyear preferred vendor agreement with Independent Boat Builders Inc. to be the supplier of choice for coolers, cooler accessories and other related products.

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