Fawcett Boat Supplies acquires Annapolis Inflatables

Fawcett Boat Supplies in Annapolis, Md., acquired Annapolis Inflatables. Terms were not disclosed.

Fawcett said in a statement that, with its growth in boats, engines and service, it needed to

to expand its warehouse and service capacities. The company also will add a second retail location, in Eastport, Md.

"The combination of the two companies makes for a strong brand with the unified goal to provide more product choices and faster service turnaround times for our customers,” said Dave Weaver, co-owner of Annapolis Inflatables, in the statement.

"The two companies are aligned from a workplace culture and operational effectiveness, making this a good deal for both organizations to scale efficiently,” added Jeff Gillis, Fawcett COO, in the statement.

In business since 1948, Fawcett Boat Supplies is an independent and locally owned company.