Pontoon manufacturer Bennington Marine announced today that it completed the acquisition of the brands and “certain assets” of Nautic Global Group LLC and is assuring dealers and customers that all of the brands will continue to function independently.
Acquisitions and Investments
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
True to Jim Malone’s upfront style, the newly reinstalled Nautic Global Group CEO says he isn’t sure whether the company will be sold as a whole or brand by brand. But, Malone says, he thought it best to put rumors to rest by clarifying the sale situation to the extent possible.
Marine Mat said it filed a patent application titled Removable Foam Traction Mat that claims the benefit of an earlier filed provisional patent.
Pontoon builder Bennington Marine bought Nautic Global Group and its eight boat brands.
Action Craft Boats said it is partnering with the Tampa, Fla.-based Suncoast Credit Union to secure a U.S. Small Business Administration loan in an effort to match production with demand.
Wake Tractor chose Crusader Engines’ Challenger series as its exclusive engine provider.
A journalist along on a sea trial at the Cannes Yachting Festival died when she jumped off a speeding RIB Saturday night.
Looking to transform the $121 billion marine industry, peer-to-peer boat-sharing companies Boatsetter and Cruzin recently merged.
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.