The Freedom Boat Club signed a franchise agreement with the Liberty Marine Group to own and operate boat clubs in Miami and Fort Lauderdale, along with future locations slated for New Jersey, Virginia and North Carolina.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Rhode Island-based designer and boatbuilder US Watercraft LLC chose PierVantage for Boat Builders to help manage the company’s brands, including Alerion Yachts, C&C Yachts, True North Yachts and Waterline Systems.
Scout Boats is looking to increase capacity to build bigger boats, but the brand is still committed to producing the 17-footers the company built its reputation on.
Bonnier Corp. acquired The Promotion Company-Family Events, a sporting event organizer and producer outside Indianapolis.
Navico Holding AS, the parent company to Simrad navigational marine electronics, acquired Maritime Information Systems A/S, or Maris, from The Grieg Group.
Taylor Made Systems said it received corporate approval to further expand its glass-manufacturing capabilities by making an investment in a high-throughput horizontal glass furnace.
Sparta, Tenn.-based Moeller Marine, an industry leader in rotationally molded plastic fuel tanks, said it is expanding its offerings by entering the marine aluminum fuel tank market.
SureShade said it received a new “notice of allowance” from the U.S. Patent and Trademark Office for its “manually operated boat canopy system” that is marketed in the recreational boating industry as the SureShade MTF retractable boat shade.
Marine instrument manufacturer Thomas G. Faria Corp., known for products under the brand name Faria, officially changed its name to Faria Beede Instruments.
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.