Tag Archives: acquisitions

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 ...

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, ...

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 ...

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 ...

OneWater Marine Inc. announced today that it has entered into a definitive agreement to acquire T-H Marine, a provider of branded marine parts and accessories, for approximately $185 million. The transaction is expected to close in the calendar fourth quarter of 2021. “With its comprehensive product portfolio, reputation for innovation, omni-channel sales strategy, and ability to acquire and integrate niche ...

Groupe Beneteau recently announced the acquisition of STARFISHER, which has become GB PORTUGAL, thereby strengthening its production capacity for 25 to 35-foot powerboats by establishing itself in Portugal. “The Beneteau Group has great ambitions for development in all the markets it addresses and, in particular, the dayboating* market, which is particularly dynamic. This acquisition will enable us to strengthen our ...

Southern Marinas Holdings II, LLC, a partnership between a Denver-based private investment firm and Southern Marinas, LLC, recently announced the purchase of Millstone Resort and Marina located on Lake of the Ozarks in Gravois Mills, Missouri. Situated in the heart of Missouri, Lake of the Ozarks is one of the state’s premier vacation destinations. Millstone Marina is the largest and ...

MarineMax announced that it has entered into a definitive agreement to acquire Intrepid Powerboats (Intrepid), a premier manufacturer of powerboats. MarineMax expects the acquisition to close before December 31, 2021, and to be accretive in its first full twelve-month period. Intrepid Powerboats is recognized as a world-class producer of customized boats, carefully reflecting the unique desires of each individual owner. Based in Largo, Florida, ...

Southern Marinas Holdings II, LLC, a partnership between a Denver-based private investment firm and Southern Marinas, LLC, announced today the purchase of Hayden Lake Marina, located on picturesque Hayden Lake, in the Coeur d’Alene region of Idaho. Surrounded by beautiful timber shores, crystal-clear waters, and 40 miles of shoreline, Hayden Lake Marina offers the only public moorage on Hayden Lake, ...

OneWater Marine Inc. announced that it has completed the previously announced acquisition of PartsVu (“PartsVu”), an online marketplace for OEM marine parts, electronics and accessories. PartsVu enhances the Company’s presence in the marine parts and accessories sector while helping reduce exposure to the cyclicality of boat sales. “We are thrilled to officially welcome the PartsVu team to the OneWater family ...