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Seakeeper reports record 2014 growth

By Boating Industry

Last year was a record one for Seakeeper, the privately held Maryland company reported this week.

Shipments of gyros increased 46 percent over 2013 with more boat manufacturers adding Seakeeper as standard and optional equipment on new builds. A sizable portion of its sales also came from refits.

The company 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 carry a lower price.

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

Seakeeper recently expanded its infrastructure, adding 18,000 sq. ft. of engineering and manufacturing space with supplementary equipment to parallel its capabilities. Also in 2014, it 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," said Andrew Semprevivo, Seakeeper VP of sales and marketing. "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."

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