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

Teak Isle Expands Operations

The Florida-based manufacturer purchased a 45,000-square-foot facility and two additional CNC routers.

Ensuring Gamefish Stability

Simrad’s support of Gray FishTag Research helps promote the importance of sustainable oceans and fisheries.

Heavy Lifting

Derecktor takes delivery of a 1,500-ton-capacity mobile lift, as construction of its Fort Pierce, Fla., facility continues.

Boot Düsseldorf Canceled

The German show, previously postponed until late April due to the pandemic, will return in January 2022.

Quick Hits: January 21, 2021

A revamped brand identify for Propspeed; Fraser Yachts names head of global partnerships; and Wichard Group USA appoints industry vet as VP of sales and marketing.

We Got ’em, But Can We Keep ’Em?

The results of a Recreational Boating and Fishing Foundation study reveal insights for engaging and retaining the new boaters and anglers we gained last year.

Siren’s 3 Series Receives NMEA 2000 Certification

The Internet of Things technology allows OEMs and other stakeholders to receive such data as engine metrics, fault codes and service requirements.