Tag Archives: acquisitions

MarineMax to acquire IGY Marinas

MarineMax, Inc. today announced that it has entered into a definitive agreement to acquire Island Global Yachting LLC (IGY Marinas), which owns and operates a collection of marina assets and a yacht management platform in key global yachting destinations. MarineMax will acquire IGY Marinas for $480 million in cash, with an additional potential earnout of up to $100 million two ...

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Power Lodge acquires Miller Marine

Miller Marine of Saint Cloud, MN is under new ownership. The dealership was purchased by Power Lodge of Minnesota, owned and operated by Tom Dehn, a 35-year veteran in the recreational sales industry. Miller Marine has grown to become one of the largest single-point boat dealerships. They are the world’s No. 1 seller of high-performance boats from Bennington. In 2021, ...

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MarineMax acquires SYM

MarineMax, Inc. announced that it has acquired Superyacht Management, S.A.R.L., better known as SYM. SYM is a superyacht management company based in Golfe Juan, France. The acquisition is expected to be accretive in its first full year.  SYM is being acquired by Northrop & Johnson, a superyacht brokerage and charter services business, which MarineMax acquired in 2020. SYM expands Northrop ...

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Suntex completes integration with Westrec

Suntex Marina Investors, LLC (Suntex) announced it has completed its integration with Westrec Marina’s following the recent announcement of the two companies’ merger. Suntex has transitioned its leadership team, general managers and all employees to its payroll system and has begun the undertaking of a complete rebranding of the acquired properties, including updating logos, signage and websites. In addition, capital ...

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Atlantic Outboard acquires Portland Boat Works, Harbor One Marina

The Cusson family (owners of Atlantic Outboard and Westbrook Marine Center, both of Westbrook, Conn.) announced they have completed the acquisition of Portland Boat Works (Portland, Conn.) and Harbor One Marina (Old Saybrook, Conn.). Portland Boat Works is a large marina facility with summer seasonal slips, over 100,000 sq. ft. of indoor winter boat storage and the capacity to haul ...

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Keystone Harbor Marina sold to Dallas-based buyer

A Dallas-based family with a long history in the marina industry has purchased Keystone Harbor in Mannford, Oklahoma, for an undisclosed price. The marina is located 23 miles west of Tulsa on Keystone Lake at 1989 CrossTimbers Harbor Lane. Keystone Harbor is one of the newest marinas in Oklahoma with 244 wet slips and approvals to expand to over 400 ...

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Milltech announces acquisition

Milltech Marine, a provider in marine safety specializing in Automatic Identification Systems (AIS) and communications systems, announced it has been acquired by Jason Young, former Global Sales Director for Vesper Marine, manufacturer of AIS solutions. Young has committed Milltech to continuing its legacy of exceptional customer service, while expanding its reach to small manufacturers looking to move into the American ...

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OneWater acquires Denison Yachting

OneWater Marine logo

OneWater Marine Inc. announced that it has reached an agreement to acquire Denison Yachting, which will expand the Company’s presence into the superyacht category and ancillary yacht service offerings, in addition to yacht brokerage and new boat sales. The transaction is expected to close in the Company’s fiscal third quarter. “We are thrilled to welcome Bob Denison and his team into ...

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Dometic acquires Treeline Capital LLC

Dometic has entered into an agreement to acquire Treeline Capital LLC, a leading provider of value-adding engineered service & aftermarket products and mobile power solutions for the North American Marine market under the CDI Electronics and Balmar brands. Through the brands CDI Electronics and Balmar, Treeline Capital LLC is serving the fast-growing demand for Mobile Power Solutions in the Marine ...

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Suntex acquires Garrison Bight Marina

Suntex Marina Investors, LLC (Suntex) announced the acquisition of Garrison Bight Marina located on Key West in the Florida Keys.  The only full-service marina on the island of Key West with dry storage, Garrison Bight offers direct access to the Atlantic Ocean and Gulf of Mexico. The property is on the north side of the island with close proximity to ...

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