By David Gee Road trips. Resorts. Lazy days by the lake. Time away. A chance to unplug and unwind. That’s what vacations are for. But you may – or may not – be surprised to find lots of people don’t take the vacation time that is coming to them. Are you among them? Research from software company Kimble Applications shows ...
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Priority One adds lenders to electronic closing process
Priority One Financial Services, Inc. has announced the addition of two new lenders to their electronic signature process called EZ-Sign. Priority One was first in the recreational market using electronic signature technology and the addition of Medallion Bank and Aqua Finance, Inc. to the platform is the next step in the company’s expansion of electronic signature offerings. EZ-Sign enables Priority ...
Read More »MasterCraft signs agreement to acquire Crest Marine LLC
MCBC Holdings, Inc., the parent entity of MasterCraft Boat Co., LLC , and NauticStar, LLC, has entered into a definitive agreement to acquire Crest Marine, LLC, a U.S. manufacturer of high-quality pontoon boats, for approximately $80 million. MasterCraft also expects that approximately $10 million net present value of future net tax benefits will accrue to the combined company. The transaction ...
Read More »Malibu Boats releases Q1 fiscal 2018 results
Malibu Boats, Inc. has announced its financial results for the first quarter of fiscal 2018, which ended Sept. 30, 2017. Highlights for the first quarter include: Net sales increased 66.9 percent to $103.5 million, compared to the first quarter of fiscal 2017; Unit volume increased 57.1 percent to 1,309 boats, compared to the first quarter of fiscal 2017; Net sales ...
Read More »Siren Marine announces three sales partnerships
Siren Marine has announced new business partnerships with three marine sales organizations — West Coast Sales, Gulf Atlantic Marketing and Bruce Hackett Sales. Each of these organizations will handle sales of Siren Marine’s recently launched MTC (Monitor/Track/Control) Connected Boat system in strategically selected regions of the United States market. “Each of these companies was selected for its expertise and track ...
Read More »Vanquish acquires Bristol Harbor Boats
Vanquish Boats announced Wednesday the acquisition of Bristol Harbor Boats of Bristol, R.I. Vanquish has already begun building the 21’ outboard Center Console Bristol Harbor that will be called the 21’ Vanquish Bristol Harbor Series CC. The acquisition allows Vanquish entry into an opening price point model, allowing the company to expand market share. “The Bristol Harbor was a logical purchase for ...
Read More »Malibu Boats, Inc. announces earnings release date and conference call information
Malibu Boats, Inc. (NASDAQ: MBUU) will release its financial results for the third quarter fiscal 2016 on Wednesday May 4, 2016 before the market opens. Following the release, the company’s management will host a conference call to discuss the results at 8:30 a.m. Eastern Time on the same day. Investors and analysts can participate on the conference call by dialing (855) 433-0928 or (484) 756-4263 and using Conference ID #96235400. ...
Read More »Why inbound marketing for the boating industry is more significant than ever
The boating industry has been facing a longstanding and continual decline in new boat buyers. This point has been made multiple times over the last several years, but it seems as if it is falling on deaf ears since very little marketing changes have been made. According to Jack Ellis of Info-Link, the percentage of new boat buyers under the ...
Read More »Independent Boat Builders, Inc. extends business relationship with Hagemeyer North America
Charleston, S.C. – The Independent Boat Builders, Inc. (IBBI) has extended their business relationship with Hagemeyer North America (Hagemeyer) in a multiyear commitment to be their preferred supplier of maintenance repair and operations products across the industrial, safety and electrical product segments. Independent Boat Builders, Inc. is a marine buying group and currently has 21 members located in the United ...
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