Skip to main content
Updated:
Original:

Correct Craft buys Florida water park

Correct Craft announced Monday that it purchased the Orlando Watersports Complex, a cable wake park.

The water sports complex is the world’s most visited wake park, according to Correct Craft. Its three cable systems are combined with a boat lake where riders and skiers can train behind Nautique boats.

Orlando Watersports Complex founder and general manager Rene Hofmann said in a statement that the acquisition will allow opportunities for expansion.

“I greatly admire Correct Craft and its team, as well as the company’s prestigious Nautique boat brand,” Hofmann said in the statement. “I am thrilled that the watersports industry’s best and strongest company is acquiring OWC and that I have the opportunity to be a part of their team.”

“I have visited cable parks all over the world and OWC is the best in the world,” Correct Craft president and CEO Bill Yeargin said in the statement. “We view OWC as complementary to our Nautique boat business and will work with Rene to continue bringing people into our industry.”

“We are also excited to have Rene join our team and work with us to further enhance OWC while also pursuing other cable opportunities around the globe,” Yeargin added.

Click here for the full release.

Related

Volvo Penta to Power Offshore Wind Farm Transfer Vessels

The Swedish company will provide quad IPS systems for crew-and-equipment transfer vessels being built by American Offshore Services.

ePropulsion Secures B+ Series Funding

The China-based company will use the investment — equal to tens of millions of U.S. dollars — to advance research and development in e-power technology innovations.

Discover Boating Moves Forward

The joint NMMA and MRAA effort reveals a new logo and its rebranding of the Miami International Boat Show.

The Outdoor Recreation Boom Continues

Bombardier Recreational Products saw revenue jump 28 percent to $4.2 billion for the year, but dipping in its fiscal Q3 due to supply chain constraints.

A Steady Decline

Demand remains strong, but supply-chain logjams continue to weaken boat registration numbers.

Heimensen Named MarineMax Marketing VP

The yacht retailer announced it has promoted its longtime marketing director Abbey Heimensen.

C.G. Foundation Launches GivingTuesday Matching Challenge

The Coast Guard Foundation is launching a matching gift in which Geico Military will triple all donations received by midnight tonight.