News

Pure Watercraft acquires ELUX Marine to expand electric boating

Pure Watercraft has acquired ELUX Marine, a Minnesota-based electric luxury pontoon boat manufacturer. The equity-based transaction combines ELUX’s expertise in the lucrative Upper Midwest boating market with Pure Watercraft’s electric outboard motors and complete electric boats. ELUX Marine was founded in 2017 by Howard Root, a former medical device entrepreneur and lifetime Minnesota boater, and Bart Jones, a Minnesota boat ...

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Safe Harbor Marinas acquires Rybovich

Safe Harbor Marinas logo

Safe Harbor Marinas recently announced it has acquired Rybovich, a U.S. destination and service provider for the superyacht industry. "We're extremely excited about what this means for our people, our customers, and our partners," said Wayne Huizenga Jr., owner and CEO of Rybovich. "We share with Safe Harbor a fundamental commitment to excellence in service and hospitality. We believe this transaction ...

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NMMA, RBFF + MRAA need input on 2021 retention needs

NMMA Survey

With a surge in new boating and fishing participants in 2020, it is essential to ensure newcomers embrace fishing and boating for years to come. NMMA, RBFF and MRAA have compiled a five-minute survey to help guide and prioritize items for a retention toolkit to support your customer engagement and retention efforts in 2021.  While NMMA, MRAA and RBFF have customer engagement ...

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Polaris appoints Interim CEO

Polaris names Interim CEO

Polaris Inc. appointed Michael Speetzen, Polaris’ executive vice president and Chief Financial Officer, to serve as interim Chief Executive Officer. John Wiehoff, the Company’s Lead Independent Director, has been appointed Chair of the Board; and Bob Mack, Polaris’ senior vice president of Corporate Development & Strategy and president of Global Adjacent Markets and Boats, has been appointed interim Chief Financial ...

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Malibu Boats completes acquisition of Maverick Boat Group

Malibu Boats, Inc. has closed the acquisition of Maverick Boat Group, Inc. The transaction was funded with cash on hand and borrowings under its credit facility. Maverick designs and manufactures center console, dual console, flats and bay boats and has a strong reputation as a pioneer in flats and bay boats. With two manufacturing facilities located in Fort Pierce, Florida, ...

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ABYC’s Virtual & Extended Standards Week launches

ABYC logo

This week the American Boat & Yacht Council (ABYC), kicks off  its 12th annual Standards Week – Virtual & Extended, with various events taking place Jan. 5-28, 2021. ABYC’s virtual events as part of Standards Week include: ABYC’s annual meeting and happy hour, Jan. 5 Sur/Tech 2021, surveyor and technician training, Jan. 6-7Project Technical Committee (PTC) meetings, Jan. 11-22ABYC Standards Certification course, Jan. ...

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Boat Fix names new CEO

Boat Fix, the 24/7 marine customer service company, announced today the appointment of Penny Searles as its CEO. A senior executive with over 25-years of experience in both the corporate and entrepreneurial arenas, Searles brings knowledge of the financial services and technology (FinTech) data sectors, primarily in the insurance market, to her role. With over 12 years running organizations as ...

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International boating industry urges President-Elect to resolve trade issues

boating trade tariffs

NMMA, the European Boating Industry (EBI), and the International Council of Marine Industry Associations (ICOMIA) sent a letter to President-Elect Joe Biden congratulating him on his election victory and calling on him to swiftly address trade relations between Europe and the U.S. Following the Trump administration’s Section 232 tariffs on aluminum and steel imports, the E.U. responded by levying a 25% retaliatory ...

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OneWater Marine completes acquisition of Walker Marine Group

OneWater Marine logo

OneWater Marine Inc. has completed the acquisition of Walker Marine Group, marking the largest acquisition in the company’s history, and further expanding its presence in Florida. Walker Marine Group has five locations in southwest Florida to serve its established and growing customer base with new and pre-owned boat sales, quality service and parts, as well as finance and insurance services. ...

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BoatUS advocacy accomplishments

BoatUS

Boat Owners Association of The United States (BoatUS), the national advocacy, services and safety group with more than 700,000 members, weighed in on a range of boating issues, debates and legislation affecting recreational boaters in 2020. Here are some of the successes that BoatUS earned over the past year: The Sport Fish Restoration Program Paid for by purchases of fishing ...

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