VR Mergers & Acquisitions has announced the closing of its brokerage sale of Boats Inc to an investment group headed by Scott Leahy
VR Mergers & Acquisitions (VR) has announced the closing of its brokerage sale of Boats Incorporated to an investment group headed by Scott Leahy.
Boats Incorporated is an award-winning dealership and marina located in Niantic, Connecticut, with 172 wet slips and representing Grady-White, Parker and Sportsman boats along with Yamaha outboards.
Leahy, according to statement issued by VR, was looking to combine his business experience with his passion for boating, fishing and the Eastern Connecticut coastline.
“I was immediately convinced this was the opportunity I was looking for. I am excited to work with the entire team at Boats Incorporated to continue their commitment to excellence.”
After 32 years in business, the ownership team of Brian Olson, Don MacKenzie and Peter Rothman hired VR to find a buyer who would continue the company’s tradition of providing superior sales and customer service.
“[We] wanted to find a buyer with both a good business acumen and a passion for our industry which we believed was important to keep the firm running in a manner that our employees, customers and vendors had come to expect,” Olson said in the statement. “Scott fit the bill on both counts and in fact, we believe he will bring the business to another level.”
Terms of the sale were not disclosed.