Everglades Boats signed a lease agreement for a 53,000-square-foot facility that sits on 12 acres about a mile from its headquarters in Edgewater, Fla.
“We are very pleased to further invest in the growth of Everglades,” Clay Naccarato, managing partner of Grand Crossing Capital, the private equity firm that owns Everglades, said in a statement. “This expansion not only benefits our company, but also the city of Edgewater through continued job growth for the community.”
Everglades said it will take possession of the new facility June 1. “The new facility represents multiple opportunities for our company,” Everglades CEO John Ward said in the statement. “This much-needed space will allow us to increase our production, support our expanding portfolio plan, and help us to better serve our dealers and customers.”