Acquisitions and Investments

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

Viking Yachts has deal to acquire Ocean Yachts

Viking Yachts signed a letter of intent to buy the land and structures of fellow New Jersey sportfisherman builder Ocean Yachts and plans to build some of Viking’s smaller yachts at the Mullica Township plant.

Chesapeake marine architecture firm has new owner

Gibbs & Cox acquired Donald L. Blount and Associates, a Chesapeake, Va.-based firm known for naval architecture and marine engineering services for recreational, commercial and government clients worldwide.

ValvTect acquires Michigan fuel-additive supplier

ValvTect Petroleum Products of Northbrook, Ill., said today that it acquired Michigan-based Energy Additives Inc., a supplier of LPG/propane fuel additives and the exclusive distributor of Blue Moon propane filtration systems.

Brunswick acquires Garelick Manufacturing

Brunswick Corp. said today that it added Garelick Manufacturing Co., a maker of seat, table hardware and other items, to Brunswick’s growing marine parts and accessories business.

Everglades Boats has a new owner

Private equity firm Grand Crossing Capital Partners LP acquired a majority stake in Everglades Boats, a provider of offshore fishing boats.

Dealer reaction mixed to Nautic Global sale

Just over a month after Nautic Global Group’s private equity owners said they were putting the company up for sale, pontoon manufacturer Bennington Marine finalized a deal, acquiring all eight Nautic brands.

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