Skip to main content

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

MARINE-CONCEPTS

Marine Concepts Names Chief Executive

Industry veteran Terry McNew had a long tenure at MasterCraft, where he led the company through its initial public offering.

CED-MARINE

CED Marine Adds Sales Manager

Mark Sullivan previously spent more than 15 years at Navico and will cover the Southeast.

BWI-CONTEST

Writing Contest Open for Entries

Boating Writers International’s annual competition recognizes achievements in marine journalism, photography and videography.

DEALER-WEEK

MRAA’s Dealer Week Opens Tomorrow

The annual conference includes more than 20 educational sessions to help dealers adapt to the changing marketplace.

CRUISERS

Industry Mourns Cruisers Yachts Owner

K.C. Stock, who was 84, was known for his “commitment to the employees at Cruisers Yachts.”

GRANDBANKS

Grand Banks Purchases Florida Property

The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.

LIMESTONE-Q3

Limestone Boat Co. Posts Q3 Results

Unit production was down compared with the second quarter, and revenues decreased 33%.

SIREN-YAMAHA

Yamaha Dealers Now Carry Siren Systems

Siren Marine’s “Connected Boat” technology can be purchased and installed at more than 2,100 Yamaha outboard dealers.

Northpoint

Northpoint Expands Marine Presence

Northpoint Commercial Finance has partnered with Elite Recreational Finance to offer retail financing.