T-H Marine Supplies, a US manufacturer of boating and fishing accessories, has acquired the assets of Blue Water LED Enterprises for an undisclosed sum.
Based in Lawrenceburg, Kentucky, Blue Water designs, assembles and sells LED light kits and lighting components for boats, kayaks, autos/trucks, trailers, ATVs/UTVs, golf carts, RVs, off-road vehicles, public safety vehicles and utility trucks. The company has long been known as a pioneer and market leader in LED light kits for bass boats and professional bass fishermen.
“We are so excited to announce the acquisition of the Blue Water assets,” says T-H Marine’s president, Jeff Huntley. “We have long-admired the quality of their products and their status as the market share leader for aftermarket LED light kits. The team at Blue Water have built a great company of superior-quality products, all with a lifetime warranty, and we look forward of taking their vision to the next level.”
Based in Huntsville, Alabama, T-H Marine claims to be one of the largest manufacturers of boating and fishing accessories in the US. “T-H Marine is known as an industry leader in supplying LED lights to the boat manufacturers,” adds Huntley. “But Blue Water was THE visionary in creating easy-to-buy, easy-to-understand, and easy-to-install LED light kits for the aftermarket customer to add to their boats and for dealers to install in boats.
“It is astonishing to me that Blue Water has been doing LED kits since 2005 – yes, 13 years – so they have an established and diverse dealer network in place across the US and a customer base like no one else in the boating market.”
Huntley says that the Blue Water assets are being moved to T-H Marine headquarters in Huntsville, where future assembly and shipping of the product will occur. Blue Water LED products, he adds, will be up and running as a T-H Marine brand in a matter of days.
“Quality brands and products like Blue Water are what we seek to add to our strong portfolio of brands," says Huntley. "This is our fifth acquisition in the past five years along with many product license acquisitions. We love being known as the go-to company for launching and acquiring innovative brands and products."
T-H Marine’s most recent acquisition was in December 2016 when it bought the exclusive global rights to manufacture and distribute the Wave Away Sonar and GPS Screen Cleaner product line from Wave Away LLC in East Olympia, Washington.
“We have experienced compound annual growth of over 20% per year over the past eight years and we are not planning to slow down,” says Huntley. “The acquisition of the Blue Water assets puts us into a clear market leadership position in aftermarket LED light kits and we look forward to growing even more.”