Organizers of the 35th America’s Cup said ESPN acquired the exclusive multiplatform rights to the world’s biggest sailing event.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Triton Industries, the builder of Manitou pontoon boats, is relocating its manufacturing facility in Michigan from Delta Township to a 141,700-square-foot facility in Watertown Township.
RV component manufacturer Drew Industries entered the marine seating sector with the acquisition of Indiana-based Roehm Marine LLC — also known as Signature Seating.
When Bob and Jo Hamilton started Standout Yacht Fittings in 1980 in Washington, it was because the marketplace didn’t offer what they wanted for their own sailboat.
Cantiere Navale Italia completed the acquisition of Kifaru Yachts.
Tennessee-based Marine Accessories Corp. was acquired by Blue Sage Capital, a private equity firm based in Austin, Texas.
Slovenia-based sailboat builder Elan Yachts was sold to Merrill Lynch International and Wiltan Enterprises Ltd.
A new report about a fatal boat accident revealed that drugs and alcohol were on board the vessel allegedly steered by South Florida radio personality Lazaro Mendez, better known as DJ Laz.
EMC said today that it completed its acquisition of the Maritime Telecommunications Network.
Rambo Marine, which has locations in Huntsville and Birmingham, Ala., has a new owner in Atlanta-based OneWater Marine Holdings LLC.