Safe Harbor Marinas acquires New England Boatworks

Author:
Publish date:
New England Boatworks is a full service facility for sail and powerboats.

New England Boatworks is a full service facility for sail and powerboats.

Safe Harbor Marinas has purchased its 80 marina, New England Boatworks of Portsmouth, R.I. The company now has marinas in 18 states.

“We’re incredibly fortunate to add New England Boatworks to our network of marinas,” Jason Hogg, senior vice president of investments for Safe Harbor Marinas, said in a statement. “We already had a robust presence in Narragansett Bay with five locations; NEB gives us a 6. NEB is one of the most renowned boatyards in the country and it will be a cornerstone for our boaters in Narragansett Bay. We’re also very excited about growth projects already permitted and expansion opportunities we intend to pursue at this unique property.”

NEB offers more than 360 deep-water slips and the facility has a reputation for expertise in the construction and restoration of sail and power yachts. 

Related

Polaris Names CEO and CFO

Previously interim executives, Michael Speetzen was named the CEO and Bob Mack the CFO of the Minnesota-based powersports company.

Sanlorenzo Reports Q1 Financials

The Italian builder continues to gain market share and expects to debut five models at Cannes in September and launch three new lines in 2022.

New Hope for Killing Algae Blooms

Researchers are experimenting with injecting ozone nanobubbles into waterways that burst and cut off the algae’s food supply.

Mercury’s Impact on the Local Economy

A new study shows that the manufacturer has a more than $5 billion annual impact on the Fond du Lac, Wis., community.

Lippert Posts Record Q1

The quarter marked a “watershed moment” for the component supplier, as net sales hit $1 billion.

Rollick Reaches 100th OEM Customer Mark

Customers that use its Aimbase marketing technology represent 65 percent of U.S. marine unit sales.

Safe Harbor Adds Lauderdale Marine Center

The Florida superyacht facility was acquired in a deal worth $340 million.

Don’t Throttle Back Now

As pandemic restrictions ease, folks will be getting back to leisure activities that often compete with boating.