West Marine says that its acquisition by Monomoy Capital Partners was completed yesterday. Its stockholders voted to approve the acquisition on Tuesday.

In late June, the company announced that the New York-based private equity fund said it would acquire all outstanding shares of common stock of West Marine at $12.97 per share in cash, representing a total equity value of US$338m.

“In addition to providing our stockholders with a significant premium to the current share price, this transaction ensures that West Marine can continue to offer outstanding value to our customers who recreate on the water and provide a rewarding workplace for our associates,” said Matt Hyde, West Marine CEO, in a statement.