T-H Marine Supplies, Inc., of Huntsville, Ala., has acquired the assets of Blue Water LED Enterprises, LLC (Blue Water) of Lawrenceburg, Ky. Financial terms of the deal were not disclosed.
Blue Water designs, assembles, and sells LED light kits and lighting components for boats, kayaks, autos/trucks, trailers, ATVs/UTVs, golf carts, RVs, off-road vehicles, public safety vehicles, and utility trucks.
Blue Water has long been known as a market leader in LED light kits for bass boats and professional bass fishermen.
“We are so excited to announce the acquisition of the Blue Water assets," said T-H Marine President Jeff Huntley. "We have long-admired the quality of their products and their status as the market share leader for aftermarket LED light kits. The team at Blue Water have built a great company of superior-quality products, all with a lifetime warranty, and we look forward of taking their vision to the next level.”
“It’s been an awesome experience to grow our company and to meet so many of our customers and dealers," said Jeff Hillard, one of the original founders and president of Blue Water LED. "Our faith-based company has operated on the principles of providing superior-quality products, excellent customer service, and an unprecedented lifetime warranty. We know T-H Marine cares about quality, stands behind its products, and really cares for its customers, so it’s a great fit. We are proud to know they will nurture the line of Blue Water products into the future.”
Blue Water was visionary in creating easy-to-buy, easy-to-understand, and easy-to-install LED light kits for the aftermarket customer to add to their boats and for dealers to install in boats, Huntley said.
Huntley said that the Blue Water assets are being moved to T-H Marine headquarters in Huntsville, Ala., where future assembly and shipping of the product will occur.
There will be no disruption to Blue Water customers or suppliers, just more access to the products through more places than ever. Blue Water LED products will be up and running as a T-H Marine brand in a matter of days.
“Quality brands and products like Blue Water are what we seek to add to our strong portfolio of brands," Huntley added. "This is our fifth acquisition in the past five years along with many product license acquisitions. We love being known as the go-to company for launching and acquiring innovative brands and products."
T-H Marie has experienced compound annual growth of over 20 percent per year over the past eight years and the company is not planning to slow down," Huntley said. "The acquisition of the Blue Water assets puts us into a clear market leadership position in aftermarket LED light kits and we look forward to growing even more. We also look forward to the immediate access Blue Water provides to several other markets outside of boats.”