Boat dealers sell new or used boats, or both, in combination with other activities, such as repair services. They may also sell new or used boat engines, trailers, marine supplies, and parts and accessories. A single dealer may sell several brands of boats and boats of different sizes and types. ranging from personal watercraft to large yachts.
The company — which saw a 29.8 percent revenue increase in its fiscal Q4 — also announced it will acquire Tom George Yacht Group.
The publication named the top marine businesses in terms of employees and revenue.
A surge in new boat demand has pressured inventory at dealerships across the country.
Private Insurance Services is an affiliate and part of the recent Northrop & Johnson acquisition.