Service providers in the United States are forecasting that their revenue growth will almost double next year to 10 percent.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Boating accessory manufacturer MarineTech Products bought all of the assets of The Watchman, a manufacturer of lower-unit and transom locks.
Marine Mat said it obtained patent-pending status for removable EVA foam traction mats.
Geosat Solutions consolidated the manufacturing, assembly and distribution of the Wave WiFi product line in a move to larger facilities in Oakland Park, Fla.
Spanish boatbuilder Rodman Polyships signed a contract to build and supply 50 boats.
A maker of luxury yacht tenders based in Tampa, Fla., is growing, buying the real estate it occupies and planning to launch a new business there.
A New York private equity group bought Cobra Electronics Corp., which had been publicly traded on NASDAQ.
Ameritex Fabric Systems, a member of the Taylor Made Group, is doubling the size of its regional production space in an expansion geared to better serve the large number of pontoon and sportboat manufacturers in the upper Midwest.
Power Products LLC acquired Blue Sea Systems, a company that designs and manufactures products for marine and specialty vehicle electrical systems, including circuit protection, battery switches, busbars, power distribution panels and battery chargers.
The Swedish company Dometic Group bought Elkhart, Ind.-based Atwood Mobile Products LLC and is awaiting clearance to complete the purchase of Atwood’s Australian business, which is subject to regulator review.