Acquisitions and Investments

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

GE could select lending-business buyer soon

Canada Pension Plan Investment Board and Ares Management submitted bids Thursday for General Electric Co.’s U.S. private-equity lending business, according to Bloomberg News.

SkipperLiner assets go on the auction block

Assets and equipment of SkipperLiner Inc. in Wisconsin — at one time the nation’s largest builder of luxury houseboats and commercial passenger boats — will be sold in an online auction on Tuesday.

GE continues talks on selling more assets

General Electric Co., working to reduce dependence on its finance unit, is in advanced talks to sell assets in the $9 billion vehicle fleet-management business to Element Financial Corp., according to Bloomberg Business.

Dedicated to thwarting invasive species

Some of my happiest memories are of times spent on the water with my family and friends. For me, boating is a true lifestyle and not just a hobby or job.

ACR Electronics acquires Ocean Signal

Fort Lauderdale-based safety and survival technology manufacturer ACR Electronics announced today its acquisition of Ocean Signal Ltd., a British supplier of marine safety and survival equipment.

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