Vision Marine streamlines Florida operations following property sale

Vision Marine Technologies, developer of the E-Motion 180E high-voltage electric propulsion system, has sold the property housing its Nautical Ventures dealership at 300 US Highway 1 in North Palm Beach, Florida. The company plans to consolidate operations into its neighbouring water sports showroom at 139 Shore Court, aiming to improve operational efficiency while continuing to serve Florida’s recreational boating market through its Nautical Ventures retail network.

When Vision Marine acquired Nautical Ventures in June 2025, it also gained rights to acquire related-party properties and receive net proceeds from their sale. Following repayment of the mortgage, the company received approximately US$2m in net proceeds, which were used to reduce outstanding floor-plan financing. The move aligns with Vision Marine’s strategy to optimize its dealership footprint, unlock real-estate equity, and enhance liquidity.

“We continue to streamline operations at Nautical Ventures,” says Alexandre Mongeon, co-founder and CEO of Vision Marine. “By combining our neighbouring locations in North Palm Beach, we expect to realise annual savings of up to US$0.8m without materially impacting sales. Since acquiring Nautical Ventures, we have made significant operational improvements – reducing our floor-plan balances, tightening inventory, lowering overhead, and expanding our product portfolio through new collaborations and distribution agreements, including Nimbus Boats, Hydrofin’s hydrofoil technology, Taiga’s electric personal watercraft, and Otter paddle products.

”On the technology side, we’ve also expanded our E-Motion integrations, most recently with dual E-Motion-equipped powerboats developed in collaboration with Sterk Boats.”

Mongeon added: “This transaction reflects our continued focus on disciplined capital allocation and strategic consolidation. We are unlocking tangible value from non-core assets while positioning Vision Marine for scalable and profitable growth as we head into the Fort Lauderdale International Boat Show and the upcoming retail season.”

The relocation is part of Vision Marine’s broader strategy to strengthen its digital footprint, accelerate growth in its electric division, and align Nautical Ventures’ retail and service network with the company’s E-Motion platform. The upcoming Fort Lauderdale International Boat Show will offer a further opportunity to showcase its integrated platform and expanding product lineup.