Canadian builder purchased

Author:
Publish date:
DaigleAcquisition

The Bolton Marine Group has acquired Daigle Marine, a builder of recreational and commercial aluminum boats located on the Campbell River on Vancouver, Island, Canada. Terms were not disclosed.

A statement said that founder Steve Daigle and co-owner, Bob Kristmanson, have completed the sale to Bolton.

“The two organizations address different needs and different customers,” said Byron Bolton, CEO, in the statement. “Our plan is for both companies to continue to address their unique customers’ needs with the same care and diligence as in the past.”

Daigle will operate as a separate company with the same management team, work force and 16,000-sq. ft. facilities. Managing Director Torry Wannenwetsch will run the business, while Steve Daigle and Bob Kristmanson will remain active through a transition period.

The builder’s EagleCraft boats include recreational fishing boats, cruisers, water taxis, crew boats and patrol vessels.

The Bolton Marine Group owns Armstrong Marine, Duckworth, KingFisher, Northwest and Weldcraft. It said it would make “substantial investments” in Daigle Marine to keep pace with new business opportunities.

This acquisition will increase Bolton Marine Group’s footprint in the government and commercial markets, said the statement. 

Related

MarineMax Posts Record Q2

Coming off its most profitable fourth quarter, first quarter and fiscal year, the company continued to roll with a 70 percent increase in revenue.

MMTA Lands State Grant

Massachusetts Marine Trades Association will use the $20,000 recovery grant to promote its “Stay Local Boat MA” program.

Hundreds Stream ABC

Topics of discussion during Day One of NMMA’s virtual American Boating Congress included policy updates, infrastructure, the global supply chain and more.

Next Stop, Key West

The Moorings adds the Conch Republic to its roster of charter bases.

IBEX to Host Supply Chain Webinar

The April 29 session will address logistical issues that continue to impact manufacturers amid strong customer demand.

Safety is no Accident

Sure, it’s a cliché, but it’s 100 percent accurate. With boats going in the water for a new season in many areas, dealers should wave the safety flag wide and high, especially for the newcomers.

Brunswick Recognized for Diversity

Forbes ranks Brunswick as one of the top employers for diversity for the second consecutive year.

ABYC names Content Director

Sarah Devlin will support ABYC’s events and communications, distributing content through various channels.

Ferretti Group Reports Strong Q1

The conglomerate saw revenues increase by 40 percent, with a record 56 yachts launched in the first quarter.