Skip to main content

Ebbtide Boats sold to Chinese company

The company 321 Capital Partners LLC announced that it completed the sale of fiberglass sportboat builder Ebbtide Corp. to a privately held Chinese investment company.

Ebbtide, based in White Bluff, Tenn., builds fiberglass sportboats and recreational boats at a 150,000-square-foot facility.

“Selling your company that you have been operating for 44 years is bittersweet,” Ebbtide president and former owner Tommy Trabue said in a statement. “There comes a time when you need to transition yourself to a different position. Ebbtide has been my life all these years, and I am proud of our record of designing and manufacturing excellent boats.”

Finding the right person to pass our legacy on to was extremely important to me. The new owner of Ebbtide is a Chinese businessman and entrepreneur that plans to build our brand name here in the U.S. and Canada, as well as developing Ebbtide into a global brand,” Trabue said in the release. “He will strengthen the company financially and provide leadership and vision to build the company for the future. He offers an excellent opportunity for all of our employees to grow in his international organization, both here and China. I am pleased that I will continue working with the company as the future unfolds.”

Click here for the full release.

Related

VOLVO-EARNINGS

Volvo Penta Reports Q4, FY22 Results

Net sales of $470 million for the quarter were a 33% increase compared to the prior year period.

Pulse-Report

DEALERS: Are You Improving the Service Experience?

Our monthly Pulse Report survey asks this and other questions about your dealership. Take the survey here.

NMRA-SCHOLARSHIP

NMRA Sets Scholarship Deadline

Students pursuing education in the marine trades can apply for the National Marine Representatives Association awards until April 1.

MARINE-PRODUCTS

Marine Products Reports Record Q4

The builder of Chaparral and Robalo boats reported net sales were up 42% for the quarter and 28% for fiscal year 2022.

1_SHURHOLD

Shurhold Appoints COO

Forrest Ferrari has years of management, business development, IT and quality-assurance experience.

MOBILE-CATCH-CENTER

RBFF, Pure Fishing Partner for a First Catch Center

Pure Fishing will equip a mobile trailer with tackle and gear to bring fishing experiences to areas of South Carolina where participation is low.

Norm

An Oft-Overlooked Sales Opportunity

A recent report from the Recreational Boating & Fishing Foundation showed that women comprise 37% of all anglers. If you haven’t tapped this segment, you’re missing out.

1. 2023 new boat retail outlook

Too Many High-Priced Boats

To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.

Soundings Nov 2022

New-Boat Registrations Continue to Slide

As the gaudy sales figures from the pandemic continue to return to more realistic numbers, the main segments of the recreational boating industry saw new-model registrations of 4,421 in November, a 30.3% drop from 6,340 during the same time in 2021. .