Dinghy Planet LLC today announced the acquisition of KO Sailing, a leading provider of recreational and performance sailboats, kayaks, windsurfers and accessories.
Terms of the deal were not released.
KO Sailing’s new owner and president, Mark J. McNamara succeeds current owner John Kolius and plans to continue KO Sailing’s longstanding support of boat enthusiasts with a retail store in Texas and an online store at kosailing.com.
“Nothing makes me happier than to pass the KO Sailing baton to someone with as much passion as I have for the sport,” Kolius said in a statement. “With this acquisition, KO Sailing will continue to support recreational and performance sailing for generations to come — I believe that’s very good news for the boating industry.”
Current employees will remain with the company and Kolius will take on an advisory role as a board member. The retail business will be moving in the coming months to a new location in Seabrook, Texas.
“John Kolius has contributed a great deal to youth and performance sailing during the past 20 years,” McNamara said in a statement. “The company began by supporting one-design sailing along the Gulf Coast and has grown into a solid business with multiple product lines, world-class partners and devoted customers. The boating industry has grown based in no small part to his work, and I aim to continue John’s support of local sailing communities, recreational boaters and youth sailors all over the country.”