Tag Archives: acquisitions

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 ...

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 ...

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 ...

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 ...

Correct Craft recently announced its newest acquisition, an electric boat drive system, Ingenity P220, that originated in Austria. The acquisition is a result of Correct Craft’s Watershed Innovations initiative and will help prepare Correct Craft’s Pleasurecraft Engine Group and the company’s boat brands for the inevitable future beyond internal combustion engines. Previously built by Ortner Electric in Villach, Austria, the ...

Evinrude announced today that it is now a part of the newly established BRP Marine Group. Tracy Crocker, Senior Vice-President and General Manager of Evinrude since 2017, has been appointed President of the Group, effective immediately. Crocker will be responsible for the strategic direction and operations of the BRP Marine Group while maintaining his active role at Evinrude. Evinrude, an ...

Pride Marine Group Ltd. announced the acquisition of George’s Marine and Sports in Eastern Ontario on Nov. 6, 2017. Both organizations share a proud history of supporting the boating industry and lifestyle through integrity, leadership, excellent customer service and a strong crew. As of today, George’s Marine and Sports locations will be known as the following: Pride Marine Group – ...

Winnebago Industries, Inc. has acquired Chris-Craft from Stellican Ltd., which has owned Chris-Craft since 2001. Terms of the transaction were not disclosed. “Chris-Craft is an iconic, premium brand that shares many similarities with our own heritage Winnebago brand, including a commitment to providing customers with the highest quality products and services,” said Winnebago Industries President and Chief Executive Officer Michael ...

The last couple of years have seen an upswing in dealer consolidation. An improving market, an aging owner base and easier access to capital have made it an attractive time to buy a boat dealership or marina, especially for those who can realize some economies of scale. In the marina segment, we’ve seen Safe Harbor and Suntex scooping up marinas ...