Skip to main content

TopSide Marinas Makes First Two Acquisitions

Beavers Bend Marina

Beavers Bend Marina

Texas-based TopSide Marinas announced in a statement that it acquired Beavers Bend Marina in Oklahoma and Galveston Yacht Basin in Texas.

Founded in January 2020, TopSide is backed by Miramar Equity Partners and TRT Holdings. TopSide acquired Beavers Bend Marina on Broken Bow Lake in Broken Bow, Okla., earlier this year.

“Everything we do comes back to hospitality. We want to foster environments where families and friends feel welcome to come and enjoy their time on the water,” co-founder Stephen Lehn said in a statement.

Galveston Yacht Basin

Galveston Yacht Basin

TopSide acquired Galveston Yacht Basin in August. The facility is off the Galveston Ship Channel, near the Gulf of Mexico.

“We partner with marina owners who have spent an immense amount of time, effort and energy building impressive businesses,” said TopSide co-founder Jacob Boan. “We . . . believe it’s our job to first understand that legacy, then continue it.”

Related

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. .

1_thumbnail_Darren Vaux Headshet 2022

ICOMIA President Darren Vaux sees common pressures facing worldwide boating industry

Founded in 1966, the International Council of Marine Industry Associations is a global organization composed of national boating federations and other bodies involved in the recreational marine industry. ICOMIA works on such issues as breaking down trade barriers, improving boating safety and promoting recreational boating worldwide.

1_AdobeStock_175388620

Clearing the Waterways

In Florida, in the aftermath of Hurricane Ian, it was estimated that there were 6,000 derelict boats in southwest part of the state. In most cases, boat owners don’t know resources are available to remove them because until recently there weren’t many.

1_AdobeStock_40421038

A Window on the World

Inflation, supply-chain kinks and the continuing war in Ukraine continue to be serious concerns, but numerous companies with a global presence for exports are reporting optimism at the start of 2023.