North America’s largest boat-lift company forms

Author:
Publish date:
HydroHoist HarborHoist HR PRG

ShoreMaster and HydroHoist Marine Group today announced the merger of their businesses. Financial terms were not disclosed, but a statement said the “combined enterprise will be the largest dock and boat-lift player in North America.”

The company will now have a global dealer network of more than 700 locations. “The resulting larger footprint will provide new and unique dealer opportunities without overlapping existing market share,” said the statement.

“I see unlimited potential from the combined forces of these two market leaders,” said Don Hurley, president of ShoreMaster, in the statement. “It makes sense to combine our unique product lines and networks to offer a one-stop-shop for marine products. Our merger achieves that goal while retaining the enthusiasm and motivation that drives each company individually.”

The company will now have a “more agile development process” and “two world-class management teams under one leadership,” said the statement.

“The union of our companies focuses on internal synergies, external benefits to customers and the blending of two marquee brands,” said Mick Webber, HydroHoist president in the statement. “We are in the enviable position of having complementary, not competitive operations. With the leadership of ShoreMaster and the scale of our existing dealer network, I am confident that we will continue to lead the industry as the preeminent marine equipment manufacturer.”

Related

A Record Q2 for Brunswick

With strong global demand in all its business segments, Brunswick Corp. reported another stellar quarter, posting a 57 percent jump in net sales.

OneWater Adds PartsVu

The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.

Groupe Beneteau Updates Revenue Forecasts, More

The builder saw gains in its boat and luxury-home sectors and made several acquisitions, including a majority stake in Dream Yacht Group.

Golden Manufacturing Expands

The fabricator of aluminum boat lifts and aluminum and concrete floating docks adds 18,000 square feet to its Fort Myers, Fla., headquarters.

GetMyBoat Takes You to the Movies

The boat rental marketplace site teams with Disney’s Jungle Cruise for a contest to win a boat trip or movie tickets.

ConMar Adds to Sales Team

The manufacturers’ representatives add industry vet Brain Steele.

Will Canada Reopen to Boaters?

Set to open its borders to fully vaccinated U.S. residents next month, our neighbor to the north could be facing a strike by Canadian border guards and customs officials. Plus, the Great Lakes welcomes a newly designated marine sanctuary.