Marine Accessories Corporation (MAC) has been acquired by Blue Sage Capital, a private equity firm based in Austin, Texas. MAC is the parent company of several brands in the wakeboard tower and marine canvas segments including Xtreme Tower Products (XTP), Monster Tower, Great Lakes Boat Top and Westland Industries. MAC headquarters is located in Maryville, Tenn.
“Marine Accessories Corporation is a perfect fit in our portfolio of profitable manufacturing companies with unrealized growth potential. MAC’s demonstrated performance throughout the economic downturn and into the recovery period speaks volumes for its brands and management team,” Blue Sage co-founder and managing member Jim McBride said.
The current executives at MAC will remain in place to ensure the company’s continued success, McBride added.
“We are extremely excited about the new opportunities we have with this new ownership,” said MAC CEO Rick Reyenger. “Blue Sage Capital’s investment will allow MAC to grow organically as well as through additional acquisitions. Our immediate focus will be to escalate innovative new product development and to address underserved markets.”