Acquisitions and Investments

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

Gunboat president resigns as auction nears

North Carolina-based Gunboat International Ltd. will be sold at auction as a single lot to bidders, according to an amended motion filed in bankruptcy court on Tuesday.

Sunseeker will add staff as part of expansion

Sunseeker International announced it is looking to recruit 225 workers, an increase on its original plan for 100 new employees, to support the introduction of several new models planned for this year.

ZF acquires German company

ZF bought the industrial gears and wind turbine gearbox business of Bosch Rexroth AG, resulting in 1,200 employees from Witten, Germany, Lake Zurich, Ill., and Beijing joining the technology company.

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.

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