Looking to transform the $121 billion marine industry, peer-to-peer boat-sharing companies Boatsetter and Cruzin recently merged.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
SureShade received final patent approval for its “Pull-Out Manual Shade System,” which is marketed in the recreational boating industry as the SureShade RTX Pull-Out Tele-frame shade.
RV component supplier Lippert Components organized a team dedicated specifically to the marine industry after entering a six-year distribution agreement with Furrion and acquiring marine furniture business Signature Seating this summer.
Fusion is partnering with Williams Performance Tenders, which means that all 2016 model year TurboJet and DieselJet tenders will be offered with the Fusion BB300 Black Box Entertainment System.
Bonnier Corp. bought wakeboarding instructional content provider Learnwake.com.
A Florida company that makes Wi-Fi equipment for boats changed owners.
SeaStar Solutions acquired BluSkies International LLC, a St. Charles, Ill., manufacturer of marine diurnal systems and portable fuel tanks.
Rumors about whether Indiana-based Nautic Global Group and its eight boat brands are being sold are being put to rest as the company, once again with Jim Malone at the helm, issued a call for bidders.
In an increasingly digital era, some boatbuilders have begun taking to social media to unveil 2016 models, bypassing the more conventional channels of boat shows and dealer meetings.
Organizers of the 35th America’s Cup said ESPN acquired the exclusive multiplatform rights to the world’s biggest sailing event.