West Marine Acquired

Publish date:

West Marine and financial partner Monomoy Capital have entered into an agreement under which private equity firm L Catterton will take a controlling interest in the company’s ownership, West Marine announced today.

Terms of the agreement, which is expected to close in May, were not disclosed.

West Marine operates 237 locations in 38 states and Puerto Rico, as well as two e-commerce platforms reaching domestic, international and professional customers.


“We are thrilled to be partnering with L Catterton in the next phase of growth for West Marine,” West Marine CEO Ken Seipel said in the statement. “The L Catterton team brings invaluable consumer, brand-building and digital expansion expertise to help us accelerate our growth plans.”

L Catterton has experience investing in enthusiast consumer brands that include Truck Hero, Peloton and Heartland RV, among others.

“West Marine stands out as the leader in the category, and we look forward to partnering with Ken and his proven leadership team to further build the company's authority as the go-to, consumer-centric marine aftermarket player,” said Matt Lischick, partner at L Catterton.


MRAA Board Contributes to BoatPAC

Every board member contributed to the non-partisan political action committee, which works with congressional members who recognize the importance of boating.

Educator Training Conference Agenda Announced

The ABYC Foundation’s virtual conference is scheduled for July 20-22, with speakers covering a host of topics around creating the future workforce.

RIMTA Awarded $30K Grant

The financial support will go toward its fiberglass boat recycling pilot project.

Sandy Hook Yacht Sales adds Intrepid

The dealership and brokerage firm has six locations in New Jersey and Florida.

Everglades Expands Executive Team

The Edgewater, Fla.-based manufacturer adds positions in finance, sales and marketing and operations.

Heed Caution While Refueling

Ethanol can be back in a big way, and insufficent labeling at the pumps could lead to problems for your marine powerplant. And the MRAA’s voices support for the 30 by 30 initaitive.

Training the Next Generation

Crest Pontoons will donate a complete boat and trailer to a local high school’s raffle to raise money for its vocational programs.

An “Above Average” Hurricane Season

BoatUS wants to help boaters get ready for the 2021 Atlantic hurricane season, which begins June 1.