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Acquisitions
Mergers, acquisitions and startups periodically reshape the marine industry, attracting innovators and other new investors.
Suntex Acquires California Marina
Peter’s Landing in Huntington Beach sits along the Pacific Coast Highway in Orange County.
Indianapolis Marina Changes Hands
Rockville, Ind.-based Reeder-Trausch has acquired Denny’s Marina, whose brands include Bennington, Crownline and Lund.
Barbour Plastics Acquires Division of Keller
The extrusion manufacturer acquired Keller’s profile division, expanding its presence in shared markets, including marine.
North Technology Group Acquires Sailmakers
Doyle Sails and Quantum Sails will continue to operate independently under their brand identities and management teams.
Suntex Adds Another Channel Islands Harbor Location
The company last week acquired Marine Emporium Landing in Oxnard, Calif., its fifth facility in the area.
Silent-Yachts Acquired, Executive Team Named
American-German investor Michael Said purchased the solar catamaran builder, including intellectual property and the Silent Italia yard.
Safety Equipment Manufacturer Revere Survival Acquired
Greece-based Lalizas, also a safety equipment company, established a U.S. presence in 2018 when it acquired Alexander/Ryan Marine & Safety.
Suntex Adds New Jersey Marina to Portfolio
Full-service Lighthouse Point Marina and Yacht Club in Toms River has 243 slips and offers access to Barnegat Bay.
Sanlorenzo Acquires Simpson Marine
The Italian builder purchased a 95% majority share of the Hong Kong-based brokerage from founder Mike Simpson.
Poly-Planar Acquires Banshee Marine Audio
Banshee founder Dan Soeters, a former global sales director with Fusion, will take the helm as president of the merged companies.
Quick Group Further Expands in U.S.
The Italy-based accessories manufacturer acquired Yachting Marine Service in Fort Lauderdale to function as a service hub.
Goodhue Boat Co. Adds Virginia Dealers
The New Hampshire-based dealer acquired Crystal Shores Marina and Crazy Horse Marina on Smith Mountain Lake.
Sunstream Acquires Sarasota Boating World
The company says the purchase will help Sunstream expand its SwiftShield automatic boat cover product line.
Quick Group Announces Acquisitions at Metstrade
The company announced its purchase of Nemo Industrie and outlined plans for other acquisitions.
San Antonio Dealerships Change Hands
Texas-based Ron Hoover RV & Marine Centers has acquired Master Marine and Outdoor Living RV.
Wichard Group Acquires Manufacturer Ronstan
The transaction strengthens Wichard’s position in the deck fittings segment, which includes such gear as blocks, furlers, masts and winches.
Hubbell Announces Acquisition of Systems Control
The company, which manufactures substation control and relay panels, was purchased for $1.1 billion in cash.
Third-Quarter Sales Were up for Caterpillar
The company reported an increase in sales and revenues of 12% to $16.8 billion, and adjusted operating profit margin of 20.8%.
Germain Motor Co. Acquires SI Yacht Sales
In addition to taking on the longest-operating Viking dealership, Germain also represents Porsche, Jaguar, Land Rover, BMW, Mercedes and Lexus.
Bonnier Sells Marine Magazine Division
The sale includes the titles Yachting, Boating, Salt Water Sportsman, Sport Fishing, Cruising World and Sailing World.
Boaters List Acquires Social Media Channels
The technology platform acquired Tug Life and Maritime Daily, adding 2.2 million followers and increasing organic views to 150 million per month.
Port Harbor Acquires Baert Marine
Port Harbor Marine owns marinas and dealerships in Maine, and adds the region north of Boston with the acquisition.
Florida Builder Streamline Acquired
Top Bank Capital Funding acquired the assets of the Miami-based center console builder, rebranded as Streamline R.
Investment Firm Buys Irwin Marine
The marina and dealership in Red Bank, N.J., is Sagamore Blue’s third marina acquisition and first in the Garden State.