Acquisitions and Investments

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

Malibu Boats cites its strengths in IPO filing

Malibu Boats’ filing with the Securities and Exchange Commission for an initial public offering says the company has held the No. 1 market share position among U.S. performance sportboat manufacturers for nearly four years.

Malibu Boats files for IPO

Malibu Boats filed with the Securities and Exchange Commission on Friday to raise as much as $115 million in an initial public offering.

Westrec Marinas signs promotional deal with Cruzin

Peer-to-peer boat rental company Cruzin and Westrec Marinas announced a strategic alliance at the Fort Lauderdale International Boat Show. Westrec will help promote Cruzin to customers at its marinas nationwide. Westrec earlier helped Cruzin’s beta launch in Fort Lauderdale with a pilot at Westrec’s Harbour Towne Marina. Offering a way for boat owners to generate…more

North River Boats acquires sea-strainer line

Miller-Leaman, a Florida-based manufacturer of custom sea strainers, announced the sale of its Thompson SeaStrainers to North River Boats for use in its Almar line of boats. Oregon-based North River Boats builds aluminum vessels for commercial and recreational markets. Its recreational boats include the Scout, Seahawk and Trapper. “Miller-Leaman worked directly with us to provide…more

Bernard Engraving buys log books from Beckson Marine

Bernard Engraving Co. acquired the Beckson Marine line of Memory-Mate Log Books as the company continues to grow its line of boating products. The company also announced the return of the popular format of the log book, the MM303 22-ring, loose leaf with a two-page spread for each voyage or leg of a voyage. “We’re…more

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