Marine instrument manufacturer Thomas G. Faria Corp., known for products under the brand name Faria, officially changed its name to Faria Beede Instruments.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
A Commerce, Okla.-based company asked for tax abatement and other financial incentives to move onto the Bertram Yacht property on Merritt Island, Fla., and build 60- to 90-foot Ocean Alexander yachts using vacuum-infusion technology.
Atlanta-based Singleton Marine announced a merger with Legendary Marine of Florida that will strengthen the combined companies’ presence in the important Gulf Coast market.
Some dealers might have entered the Rec Boat Holdings dealer meeting earlier this month with apprehension after the company’s sale to the Beneteau Group, but Dave Kazmark of Patchogue Shores Marina was not one of them.
Fort Myers (Fla.) City Council heard a pitch Monday from a real estate investor who hopes to lease the city’s money-losing yacht basin and turn it into a profitable venture.
Mark Fischer, owner of Boats Direct USA and used-car dealer Off Lease Only, purchased the assets and trademark of Deep Impact Boats.
AkzoNobel entered into a two-year partnership to supply the Extreme Sailing Series, an annual stadium racing circuit featuring some of the latest high-performance hull coatings.
Triton Industries, builder of the Manitou line of tri-toon boats, is launching a $4 million expansion in its native Michigan.
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.