AdvanTec Global Innovations said Tuesday that it will consolidate its Pacific Coast Marine manufacturing operations into other AdvanTec manufacturing facilities in the United States and Canada, effective July 31.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
The newly formed Acadia Yacht Sales, a partnership between owners William Seale and Christopher DiMillo, said it acquired Oxford Boatyard Yacht Sales & Sabreline of Annapolis, the northern Chesapeake’s exclusive Sabre Yachts & Back Cove Yachts dealer and yacht brokerage firm.
Cooler manufacturer Igloo Products Corp. signed a multiyear preferred vendor agreement with Independent Boat Builders Inc. to be the supplier of choice for coolers, cooler accessories and other related products.
U.K.-based Oakley Capital Private Equity bought North Technology Group’s family of companies, including EdgeWater Boats and North Sails.
Dominion Marine Media said it acquired Servicios Náuticos de Internet, S.L., the owner and operator of online boat sales portals Cosas de Barcos in Spain, iNautia in Italy and iNautia in France.
Dometic Group recently bought Marvair’s marine air-conditioning business.
Australian boatbuilder Riviera said it recruited 30 new team members across all aspects of its business to meet the company’s growing global demand.
Ellis Boat Co. in Southwest Harbor, Maine, will expand by adding a new crane and more manufacturing space. The company expects to add eight jobs, according to an Associated Press report. The family-owned boat company was founded in 1945 and is known for its Down East yachts, from basic lobster boats to luxury cruisers, with…more
Deep Impact Boats said it is making significant personnel changes and received backing from an unnamed private investor.
New York-based private equity firm American Securities LLC bought SeaStar Solutions in partnership with the company’s management team from an affiliate of H.I.G. Capital LLC. Terms of the deal weren’t disclosed.