Power Products acquires Blue Sea Systems

Author:
Publish date:
Social count:
0

Power Products LLC acquired Blue Sea Systems, a company that designs and manufactures products for marine and specialty vehicle electrical systems, including circuit protection, battery switches, busbars, power distribution panels and battery chargers.

Blue Sea Systems will continue operations in Bellingham, Wash., under the current leadership team.

“Blue Sea Systems is a leader in innovation, product quality and customer service in the marine industry since its founding in 1992,” Power Products CEO David Scheer said in a statement. “The acquisition of Blue Sea greatly enhances and strengthens our marine and mobile division, allowing us to deliver a comprehensive solution for all marine and specialty vehicle electrical systems.”

Global Marine and Mobile is a division of Wisconsin-based Power Products with brands that include Marinco, Mastervolt, Ancor, BEP, ProMariner and C-Zone.

“We are very pleased to partner with Power Products as we take Blue Sea Systems to its next stage of growth,” Blue Sea Systems founder and CEO Scott Renne said.

“Power Products is the industry leader in marine and vehicle electrical products and systems globally, and we view this as a great strategic fit for our customers and employees.”

Related

MarineMax has strong second quarter

MarineMax grew revenue more than 10 percent to $270.6 million in the second quarter, prompting the company again to raise its annual expectations to $1.44 to $1.50 versus its prior expectations of $1.30 to $1.40 per-diluted-share.

Brunswick releases first quarter sales

Brunswick Corp. announced that consolidated net sales increased 7 percent in the first quarter, with the marine engine segment up 9 percent and the boat segment rising 7 percent over last year.

Flir posts first quarter results

First quarter revenue at Flir Systems Inc. grew 8 percent to $439.6 million, and organic revenue was up 13 percent, due in part to strong results in the Raymarine.