Acquisitions and Investments

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

Standout Yacht Fittings has new owner

When Bob and Jo Hamilton started Standout Yacht Fittings in 1980 in Washington, it was because the marketplace didn’t offer what they wanted for their own sailboat.

Elan Yachts has a new owner

Slovenia-based sailboat builder Elan Yachts was sold to Merrill Lynch International and Wiltan Enterprises Ltd.

Carlyle Group acquires Lauderdale Marine Center

Global alternative asset manager The Carlyle Group said it acquired the Lauderdale Marine Center, the nation’s largest yacht repair facility in terms of the number of large vessels it can haul and service.

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