Maritimo confirms purchase of Mustang Marine

Author:
Updated:
Original:

Bill Barry-Cotter, founder and CEO of Maritimo, confirmed his company has purchased the assets of Mustang Marine.

Maritimo bought the intellectual property and molds and will maintain the Mustang brand. Distribution will continue through some existing dealers, though boats will also be sold through Maritimo dealers, it was announced.

Barry-Cotter said the purchase was a joint venture between Steve Searle and Maritimo. Searle is expected to take some equipment and other assets, but will have no further involvement in the business.

The Mustang brand was founded in Australia in 1974 and became the country's second-largest boatbuilder and retailer.

Related

A Win for Gulf Reef Fish

The newly authorized DESCEND Act requires anglers to use descending gear when releasing catches in federal Gulf of Mexico waters.

Coast Guard Foundation Names Chairman

Thomas A. Allegretti will lead the non-profit’s board of directors.

In-Person Charleston Show Opens Friday

Under Covid-19 guidelines, the South Carolina boat show has a modified format for the safety of attendees and exhibitors.

Polaris Sees Q4 Surge

The powersports manufacturer had solid gains in every segment, with boat sales up 20 percent.

ABYC Updates Board

The group added a new member and elected several officers, including Nancy Cueroni as chairman.

Quick Hits: January 27, 2021

ICOMIA release its latest state of the industry report; one of the country’s largest waterjet cutting machines goes online at Maine’s Front Street Shipyard; and T-H Marine Supplies names a new national sales and marketing manager.

Q&A with Martin Bjuve

Volvo Penta of the Americas president and lifelong boater Martin Bjuve.

Changing Currents

E-mobility efforts remain centered outside of the U.S.

The Evolving Retail Culture

Finding new ways to connect with boaters.