Tag Archives: acquisitions

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 ...

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 ...

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 ...

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 – ...