Skip to main content

Cape Cod boatyard has a new owner

A long-standing boatyard in East Falmouth, Mass., is under new ownership.

Edwards Boatyard, owned and operated by Edward Swain since 1979, was sold to Bosun's Marine, which is owned by Tim Leedham, for $1.72 million, according to a deed on file with the Barnstable County Registry of Deeds, the Cape Cod Times reported.

Swain said his family owned the business since 1951.

“I'm long overdue,” Swain, 75, told the newspaper. "My (three) kids didn't want it. I wanted a good outfit to look after the employees and the customers. [Leedham] has a very good reputation.”

The business has 48 boat slips and does service and inspection on more than 400 town moorings, Leedham said. It also has a sales and service shop for powerboats and sailboats.

Leedham said eight of the 10 staff members from Edwards Marine were retained and he expects to expand to 12 full-time staff members at the boatyard. During the summer the number of employees should reach about 20, he said.

Click here for the full article.

Related

1_CONTENDER

Contender Boats Announces New Factory

The fishboat builder said the 100,000-square-foot facility in Fort Pierce, Fla., will concentrate on its smaller models.

1_IBEX.PRESESSION

Soundings Trade Only Announces IBEX Presessions

The Sept. 26 events in Tampa, Fla., include a Women in the Industry Summit, a leadership panel and the Most Innovative Marine Company Awards.

_MG_0177

U.S. Adds 528,000 Jobs in July

The Department of Labor said the manufacturing and leisure-and-hospitality segments contributed to the gains.

1_ONEWATER.EARNSQ3

OneWater Reports Higher Profit, Raises Guidance

The company said revenue, net income, same-store sales and profit margin all improved in its fiscal third quarter.

1_MASS.WORKFORCE

Mass. Approves Marine Workforce Funding

The Massachusetts Marine Trades Association said the state budget includes $150,000 for training and technical education.

1_STERLING.35

Sterling Acceptance Marks 35 Years

Founded in 1987, the oldest privately owned marine loan origination company is expanding in the Great Lakes and in RV financing.

1_YAMAHAOCEARCH

OCEARCH Names Official Outboard Brand

Yamaha will supply the ocean conservation and research organization with F300, F150 and F60 engines.

1_KADEYKROGEN

Krogen, Summit Hire Sales Manager

Jonathan Cooper will run the brands’ new offices in Seattle and develop a sales team for the West Coast market.