Skip to main content

Wesmar has a new owner

New Wesmar owner Roger Fellows (left) is shown with company founder Bruce Blakey.

New Wesmar owner Roger Fellows (left) is shown with company founder Bruce Blakey.

Washington state-based Western Marine Electronics, now known as Wesmar, has been sold by company founder and president Bruce Blakey to local businessman Roger Fellows after 52 years.

The sale was effective Nov. 1; terms were not disclosed.

Wesmar said Blakey founded the company in 1965 to develop sonar to help commercial fishermen find fish and developed the world’s first solid-state sonar and the first color radar.

As the size of private yachts grew, the company added the development of bow and stern thrusters and roll-fin stabilizers, answering the need for commercial-grade equipment for yachts to add comfort to cruising and protection in crowded, windy conditions.

Blakey is selling his life’s work to a new innovator he says is poised to take the company and its products to new heights.

The name of the company will remain the same. Headquarters operations will remain in Woodinville, Wash., and employees will stay with the company, Fellows said in a statement.

“Wesmar is impressive,” said Fellows, an experienced executive with a manufacturing, industrial and underwater product background. “It is not every day someone can purchase a company with great potential and a 52-year-old-brand known worldwide. I’ve been looking for a company to purchase for the past year.”

Fellows’ background includes specialized underwater products for the oil and gas industry.

“Wesmar has an established international network of loyal dealers, customers that include private and public, government and municipalities, including sonar, bow thrusters, stabilizers serving a wide range of markets,” he said.

Related

VOLVO-EARNINGS

Volvo Penta Reports Q4, FY22 Results

Net sales of $470 million for the quarter were a 33% increase compared to the prior year period.

Pulse-Report

DEALERS: Are You Improving the Service Experience?

Our monthly Pulse Report survey asks this and other questions about your dealership. Take the survey here.

NMRA-SCHOLARSHIP

NMRA Sets Scholarship Deadline

Students pursuing education in the marine trades can apply for the National Marine Representatives Association awards until April 1.

MARINE-PRODUCTS

Marine Products Reports Record Q4

The builder of Chaparral and Robalo boats reported net sales were up 42% for the quarter and 28% for fiscal year 2022.

1_SHURHOLD

Shurhold Appoints COO

Forrest Ferrari has years of management, business development, IT and quality-assurance experience.

MOBILE-CATCH-CENTER

RBFF, Pure Fishing Partner for a First Catch Center

Pure Fishing will equip a mobile trailer with tackle and gear to bring fishing experiences to areas of South Carolina where participation is low.

Norm

An Oft-Overlooked Sales Opportunity

A recent report from the Recreational Boating & Fishing Foundation showed that women comprise 37% of all anglers. If you haven’t tapped this segment, you’re missing out.

1. 2023 new boat retail outlook

Too Many High-Priced Boats

To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.

Soundings Nov 2022

New-Boat Registrations Continue to Slide

As the gaudy sales figures from the pandemic continue to return to more realistic numbers, the main segments of the recreational boating industry saw new-model registrations of 4,421 in November, a 30.3% drop from 6,340 during the same time in 2021. .