Skip to main content
Updated:
Original:

Seakeeper expands after increased sales in 2014

Seakeeper said it had record growth in 2014, prompting the Maryland-based marine gyro stabilization manufacturer to increase the size of its manufacturing footprint.

Shipments of gyros increased 46 percent from 2013 as more boatbuilders added Seakeeper as standard and optional equipment on new builds, the company said. Seakeeper said a sizable portion of its sales also came from refits.

The company said it expanded its markets in 2014 with its portfolio of five new models, scaled to fit a wider range of boats from 30 to 220 feet. The updated units are more compact than earlier versions and cost less because of an investment in manufacturing efficiency, Seakeeper said.

"In response to increased demand, 2014 saw Seakeeper invest in its future," Seakeeper founder and CEO Shepard McKenney said in a statement. "We're strong and strategically situated for further growth."

Seakeeper said it recently added 18,000 square feet of engineering and manufacturing space, with supplementary equipment to parallel its capabilities. Also in 2014 the company established locally based sales personnel in Europe and opened an Asia base of operations in Singapore.

"We're forecasting strong top-line growth for 2015," vice president of sales and marketing Andrew Semprevivo said. "With the groundwork we've laid over the past six years, we look forward to making Seakeeper's vision of every boat being stabilized, therefore safer and vastly more enjoyable, a reality."

Related

Retail in Times of Consolidation

Our monthly Pulse Report survey asks dealers if mergers and acquisitions have affected any of the brands they carry. Take the survey here.

Rollick Expands Leadership Team

The marketing and technology company named a chief financial officer and head of dealer solutions.

Vision Marine Moves Toward Mass Production

The company partnered with McLaren Engineering to manufacture its E-Motion 180E electric outboard and powertrain system.

Fort Lauderdale International Boat Show Opens Today

The show runs through Oct. 31, and organizers are hoping for a return to pre-Covid success.

Non-profit Takes Aim at Access

Families for Boating works with community advocacy groups to help curb regulatory threats to on-water activities.

Garmin Reports 25 Percent Q3 Growth for Marine

The electronics manufacturer says demand for plotters was the primary driver.

Polaris Reports Flat Q3

Though boat sales were up 18 percent, demand in the company’s other segments was hindered by a lack of product availability, driven by supply-chain issues.

Raymarine Unveils New Radar

The company said it is “disrupting the radar category” with Cyclone, which it will unveil at FLIBS this week.