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.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Suntex Marina Investors acquired the Ocean Marine Yacht Center in Portsmouth, Va., from Ocean Marine LLC, a subsidiary of Valiant Holdings LLC.
Reuters is reporting that sources who asked not to be identified say Bass Pro Shops is exploring an offer for Cabela’s, the U.S. hunting and fishing store chain targeted by activist investor Elliott Management.
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.
Private equity firm Grand Crossing Capital Partners LP acquired a majority stake in Everglades Boats, a provider of offshore fishing boats.
The renowned New Orleans yard, name and designs are on the block at an asking price of about $30 million
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.
Florida-based Action Craft Boats said it will begin production at a second facility in response to growing demand for its bay and flats boats.
Marine stabilization and gyro manufacturer Seakeeper said it is expanding at an unprecedented rate, with gyro shipments up 46 percent in 2014 from the previous year, prompting the company to expand its sales and service staff, add certified and installation centers worldwide and add a new location for the company’s Florida office.
Two brands in marine outfitting said they merged to offer outfitting, fine furniture and finishing solutions for boats ranging from small center consoles to superyachts.