Tag Archives: acquisitions

Garmin acquires Vesper Marine

Garmin logo

Garmin Ltd. announced it has acquired Vesper Marine, a privately-held provider of AIS, VHF and vessel monitoring solutions for the marine industry. This acquisition is expected to bolster Garmin’s industry-leading lineup of marine products and technology designed to provide peace of mind and enhanced situational awareness for boaters. With almost 15 years of experience, Vesper has developed a suite of ...

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Suntex Marinas acquires Caloosa Cove Marina

Suntex Marina Investors, LLC (Suntex), owner and operator of marina properties around the U.S., announced another addition to its growing portfolio with the acquisition of Caloosa Marina located in Islamorada in the Florida Keys.  Situated on approximately 15 acres just 1.5 hours east of Key West and 2 hours south of Miami, Caloosa Cove is a destination property with a ...

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Yamaha to purchase Siren Marine

Yamaha Marine logo

Yamaha Motor Corporation, U.S.A. today announced its intention to purchase Siren Marine, manufacturer of marine-based IoT (Internet of Things) solutions by its subsidiary Yamaha Marine Systems Company, Inc. (YMSC). Yamaha expects to complete the purchase before the end of the year. The announcement follows Yamaha’s minority investment in Siren last March and underscores the company’s commitment to deliver connected products ...

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OneWater to acquire majority interest in Quality Boats

OneWater Marine Inc. announced that it has entered into a definitive agreement to acquire a majority interest, in Quality Boats. The transaction will expand the company’s presence on the west coast of Florida and enhances new and pre-owned boat sales and parts and services offerings. For the full calendar year 2021, Quality Boats is expected to generate approximately $140 million ...

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Mustang Survival acquires Stearns

Mustang Survival announced the acquisition of the Government & Commercial Marine business of Stearns. The deal deepens Mustang Survival’s product offering for those that live beyond land to protect freedoms, and those that work on the water to put food on the table for their loved ones. The products will be amalgamated into the Mustang Survival Branded assortments of life ...

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Southern Marinas acquires Tims Ford Marina

Southern Marinas Holdings II, LLC, a partnership between a Denver-based private investment firm and Southern Marinas, LLC, announced that it has acquired Tims Ford Marina and Resort in Winchester, Tenn. Situated on a hilltop point overlooking Tims Ford Lake, Tims Ford Marina and Resort features a full-service marina and resort comprised of covered wet slips, RV sites with full utility ...

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Chesapeake Whalertowne acquires Lippincott Marine

Chesapeake Whalertowne has announced the acquisition Lippincott Marine in Grasonville, Md. The acquisition is in line with the company’s strategy to diversify revenue streams and increase the company’s footprint amid the Chesapeake Bay’s growing boating community. The marina is a full-service facility offering slips and yacht sales. Situated on 12 acres on the lee side of Kent Narrows in a ...

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Patrick Industries completes Wet Sounds acquisition

Patrick Industries

Patrick Industries, Inc. announced that it has completed the acquisition of Rosenburg, Texas-based Wet Sounds, Inc. ("Wet Sounds"), a leading designer, fabricator, engineer, and distributor of innovative audio systems and accessories, including amplifiers, tower speakers, soundbars, and subwoofers. Wet Sounds sells audio products and accessories direct to OEMs and consumers, and to dealers and retailers, primarily within the marine industry, ...

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MarineMax expands in Texas

MarineMax, Inc. recently announced it has acquired the assets of Texas MasterCraft. Texas MasterCraft is a full-service Dallas, Texas area towboat dealer that operates primarily from two locations. The Dallas-area market is the largest towboat market in the United States. Texas MasterCraft generated revenue of over $45 million in 2020. The acquisition is expected to be accretive in its first full ...

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Southern Marinas acquires Tennessee’s Grand Harbor

Southern Marinas Holdings II, LLC, a partnership between a Denver-based private investment firm and Southern Marinas, LLC, announced that it has acquired Grand Harbor Condominiums and Marina on Pickwick Lake in Tennessee. Grand Harbor Condominiums and Marina is situated on the Tennessee/Mississippi border and is less than a mile from the Alabama state line. The resort is a popular stop ...

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