Freedom Boat Club, a division of Brunswick Corporation (NYSE: BC), announced that it has acquired the Freedom Boat Club of New York franchise operation and territory. This announcement comes just four weeks after Freedom announced that it had acquired the franchise operation and territory rights in the Chicago market. The scope of the transaction includes six New York area locations covering Long ...
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Freedom Boat Club acquires Chicago franchise operation and territory
Freedom Boat Club, a division of Brunswick Corporation (NYSE: BC), announced that it has entered into a definitive agreement to acquire its Freedom Boat Club of Chicago franchise operation and territory from its current owner. The scope of the transactions includes all four current Illinois-based locations and rights to build new club locations in part of Northern Illinois and portions of ...
Read More »Dream Yacht Charter opens new base in Mexico
Dream Yacht Charter has opened a new base in Marina Las Velas, Isla Mujeres, to serve the Maya Riviera and Cancun on the Yucatan Peninsula, Mexico. The base will open for bareboat and skippered yacht charters in January 2021. Maya Riviera, Cancun, is the fourth new base the company has launched this year as Dream Yacht Charter responded to increased ...
Read More »BoatTEST announces new leasing division
BoatTEST has announced a new division called BoatTESTLEASING which will market leases in new boats for their owners. The program is modeled closely after the highly-successful auto leasing model, with appropriate changes reflecting the different nature of the usage between boats and cars. Today, 31% of the automobiles on U.S. highways are leased, compared to 9% 20 years ago. Further, according ...
Read More »Boatsetter positioned for future growth with recent consolidation
The boat sharing marketplace has experienced consolidation over the past two years. In 2015, Boatsetter and Cruzin announced they were merging companies, under the Boatsetter name with Cruzin’s look and feel. And last month, Boatsetter acquired Boatbound. With the newest acquisition, Boatsetter will be doubling its inventory and entering new markets. “Our mission is to make boating available to anyone, ...
Read More »Weekly 5: House bill aims to limit ethanol
The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com. 1. House bill aims to limit ethanol Rep. Bill Flores, R-Texas, has introduced HR 5180, the Food and Fuel Consumer Protection Act of 2016, which would require the EPA ...
Read More »Boatsetter gains traction with younger boaters
Boatsetter recently announced that more than 50 percent of its customer base consists of Gen Xers and Millennials. The peer-to-peer boat sharing company claims it has gained traction with younger boaters who want to experience the lifestyle without investing in a major asset. “We provide a new service in the boating industry, which brings together boat owners, boat captains and ...
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