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Tag Archives: acquisitions

Southern Marinas acquires The Boathouse at Front Street Village

Southern Marinas Holdings, LLC, a partnership between a New York-based private investment firm and Southern Marinas, announced today the purchase of The Boathouse at Front Street Village in Beaufort, N.C., on Aug. 1, 2019. The Boathouse is located minutes from the heart of downtown Beaufort with easy access to the Intercoastal Waterway. Bucky and Wendi Oliver, the original developers of the ...

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BRP completes Telwater acquisition

BRP announced the completion of the previously-announced acquisition of 80% of the outstanding shares of Telwater Pty, Ltd ("Telwater"), Australia's leading manufacturer of aluminum boats and trailers. As BRP’s third boat acquisition, BRP says Telwater’s addition to the Marine Group is another step in helping create a strong offering and foundation to expand into new markets, with the objective of ...

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Southern Marinas acquires new marina, boat club

Southern Marinas Holdings, LLC, a partnership between a New York-based investment firm and Southern Marinas, announced the purchase of Riverwatch Marina in Stuart, Fla., on May 15, 2019. Conveniently located in the heart of Martin County, Riverwatch Marina is positioned to provide storage and marina services to the cities of Hobe Sound, Palm City, Jensen Beach and Stuart. The full-service ...

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Correct Craft purchases milling company

Correct Craft recently announced its newest acquisition, Merritt Precision. Merritt Precision will immediately be vertically integrated into Correct Craft’s innovation subsidiary, Watershed Innovation and will function as a standalone business. Merritt Precision manufactures highly sophisticated plugs for the marine, automotive, and aerospace industry in Merritt Island, Fla. Correct Craft has no plans to change the management. Doug Keehn and Ben ...

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Altair Investments acquires Marathon Boat Group

Altair Investments Inc. (Altair) announced that it has acquired Marathon Boat Group, LLC (MBG), a vertically integrated manufacturer of high-quality boats in the United States. MBG is an innovator, designer, manufacturer, and marketer of canoes, jon boats, fishing boats and pontoons under the Grumman and DuraNautic brand names. MBG is privately owned and operated out of a 50,000 square-foot manufacturing ...

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OneWater Marine acquires Caribee Boat Sales

Atlanta-based OneWater Marine Holdings has acquired Caribee Boat Sales and Marina of Islamorada, Fla. Caribee has been serving the Florida Keys since 1947. Details of the acquisition were not disclosed. “We’re excited to welcome Caribee Boat Sales and Marina to the OneWater family of dealerships,” said Austin Singleton, CEO of OneWater Marine. “Bill and his team have built a beautiful ...

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Correct Craft acquires Parker Boats

Correct Craft announced that Parker Boats has joined the Correct Craft family. Based in Beaufort, N.C., Parker is a 55-year-old company that builds premium offshore and inshore fishing boats. While the acquisition allows Correct Craft to enter into a new segment of the marine industry with a new product line, it enables Parker to expand its production capacity and leverage ...

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Malibu enters agreement to acquire Pursuit Boats

Malibu Boats, Inc. announced today that it has entered into a definitive agreement with S2 Yachts, Inc. (S2) to acquire the assets of Pursuit Boats for a total consideration of $100 million. The transaction is expected to close in the fourth calendar quarter of 2018, subject to customary closing conditions. Malibu will fund the transaction with cash on hand and ...

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Suntex acquires Pleasure Cove Marina

Suntex Marina Investors, LLC (Suntex), announced today the acquisition of Pleasure Cove Marina, located on Lake Berryessa in Napa, Calif. The facilities at Pleasure Cove Marina include boat slips, a convenience store, fuel dock and boat, PWC, kayak and canoe rentals. In addition, the property includes four- and eight-person cabins and 140 camp and RV sites providing overnight accommodations for ...

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BRP to acquire Manitou pontoon manufacturer

BRP announced today that it has entered into a definitive agreement to acquire Triton Industries, Inc., the North American manufacturer of the Manitou pontoon brand. "The announcement of the acquisition of Manitou is the logical next step in the roll-out of our global marine strategy," said José Boisjoli, BRP President and CEO. "We are thrilled to welcome a company with ...

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