Triton Industries, builder of the Manitou line of tri-toon boats, is launching a $4 million expansion in its native Michigan.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Centurion Boats and GoPole, a GoPro accessory brand, announced a strategic partnership that will provide an opportunity to generate increased awareness for both brands.
Fjord, manufacturer of the Chafe-Pro line of removable chafe-abrasion protection, announced a partnership with Aere Docking Solutions, the maker of Aere inflatable fenders and Fenda-Sox marine covers, to handle exclusive distribution of its select chafe-abrasion products in the market under the Fenda-Sox brand.
Larson Boat Group will start manufacturing Gekko Sport’s four models of towboats from its Little Falls, Minn., facility.
Power Products recently bought Portsmouth, N.H.-based Professional Mariner, also known as ProMariner.
Beneteau Group isn’t saying how much it spent last week to acquire Rec Boat Holdings, but CFO Patrick Guilloux gave some indication of the overall investment the company made.
A.L. Kirkland, founder of Florida-based Glasstream Powerboats, said the company acquired a manufacturing facility in Dothan, Ala., to build its family-focused performance center console boats.
The Beneteau Group announced it bought Rec Boat Holdings, a group of U.S. brands owned by Platinum Equity Group, which includes Michigan-based Four Winns, Glastron, Wellcraft and Scarab.
A New Brunswick company recently expanded to Maine and is building boats for the fishing industry, search-and-rescue and other purposes in Eastport.
Malibu Boats said it will buy all of the equity interests of the Malibu Boats licensee in Australia.