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