All articles by Tony Esposito – Page 61
-
NewsVision Marine named one of five promising stocks for the new year
Vision Marine Technologies has been cited as one of five promising stocks in five different market segments by investment firm Safehaven. In an online analysis, writer Alex Kimani details that while some sectors of the economy – like the travel and energy sectors – were devastated by the Covid-19 pandemic, ...
-
NewsPure Watercraft secures US$37.5m funding for electric outboards
US-based Pure Watercraft closed a US$37.5m Series A round of funding on Friday, which includes a previously announced US$23.4m. The oversubscribed funding round was led by venture capital and private equity firm L37, whose managing partner Randall Ussery will take a seat on the Pure Watercraft board of directors. “We ...
-
NewsOne injured in fire at Nautique plant
One person was injured in what is described as a “small, contained fire that was quickly extinguished” at the Nautique Boats manufacturing plant on the East Orlando, Florida campus of parent company Correct Craft Thursday afternoon. Fire officials told clickorlando.com that the fire was snuffed in just under 30 minutes ...
-
NewsMarineMax CEO: “Many years of great things ahead”
MarineMax CEO and president Brett McGill believes the US recreational boating industry has “many years of great things ahead” and that the Covid-19 pandemic-induced boating boom has permanently expanded the market, setting the stage for “many, many years of growth” ahead of it. But it has also hastened a change ...
-
NewsBarletta Boats founder finalist for Entrepreneur of the Year award
Barletta Boats president and founder Bill Fenech has been named among 32 national finalists for the Ernst & Young Entrepreneur of the Year award.
-
NewsPalma moves to capitalise on yacht maintenance boom
Palma de Mallorca in the Balearics is ripe for international promotion as a yacht maintenance centre, according to its Institute of Business Innovation. While virtually every business sector in Mallorca has been devastated by the coronavirus pandemic, Palma’s shipyards have been thriving with vessels requiring maintenance, with three yachts in ...
-
NewsWake sports boat makers make a splash with big gains to start the week
Two Tennessee-based US wake sports builders both had a big day on Wall Street Monday, as shares of MasterCraft Boat Holdings climbed nearly 5% while Malibu Boats soared nearly 8%.
-
NewsBoat Monster takes delivery of first Invincible to land in Australia
The Sydney-based former Wallrock Marine is using its appointment as the Australian and New Zealand distributor of Invincible Boats to officially launch its rebranding as Boat Monster, and will introduce both at a press conference scheduled for the Royal Motor Yacht Club on 21 December.
-
NewsBrunswick CEO: Pandemic boat sale surge to carry into 2021
The Covid-related sales spike realised by the US recreational marine industry this year should carry into 2021, according to Brunswick Corp CEO David Foulkes. CEO David Foulkes speaking on CNBC Closing Bell “We have incredible momentum in the industry now. We’ve attracted in a new demographic,” Foulkes ...
-
NewsConnecticut takes issue with Federal economic analysis
The state of Connecticut is taking issue with US Bureau of Economic Analysis reporting that Connecticut trails other New England states in the share of the economy spent on outdoor recreation, prompting one state official to claim, “The report misses the forest for the trees.” Mason Trumble, deputy commissioner for ...
-
NewsDealer Week to launch virtually with record registrations
A record 930 dealership personnel have signed up to attend the Marine Retailers Association of the Americas’ (MRAA) Dealer Week 2020, which will be held virtually beginning Tuesday.
-
NewsBrunswick named among Newsweek's Most Responsible Companies
Brunswick Corp, the world’s largest recreational marine manufacturer, has been selected by Newsweek magazine as one of 400 named ‘America’s Most Responsible Companies’ (AMRC).
-
NewsWinnebago updates corporate branding to unify growing portfolio
Winnebago Industries, with iconic brands like its namesake recreational vehicles and Chris-Craft Boats, is introducing what it calls a refreshed corporate enterprise brand to unify its growing portfolio of premium outdoor lifestyle products.
-
NewsBoston Whaler extends Dauntless line
The Dauntless 220 and 250 (pictured) feature an 18-degree deadrise and a full-beam aft casting platform Among a cadre of Americans of a certain age, the word “boat” conjures images of the Boston Whaler Dauntless, often the first vessel a young boater would skipper. Building on that ...
-
NewsOneWater to acquire Tom George Yacht Group
US-based OneWater Marine and the Tom George Yacht Group (TGYG) should close on a deal before the end of the year for the former to acquire the latter. The acquisition will expand OneWater’s presence on the Florida Gulf coast along with yacht brokerage service and the number of boat brands ...
-
NewsSuzuki’s Thai factory produces one-millionth outboard
The plant manufactures 12 models of four-stroke outboards from 2.5hp-30hp
-
NewsKorean Air to sell yacht marina for US$117m
A Korean investment group has signed a memorandum of understanding to acquire Wangsan Leisure Development, operator of Wangsan Marina, from Korean Air Lines for approximately US$117m. Consus Asset Management and Mirae Asset Daewoo announced the memorandum on Monday, as Korea Air Lines moves to divest assets as part of its ...
-
NewsMichigan dealer expands with a focus on first-time boat buyers
A successful Michigan boat dealer is riding a wave of demand for boats by opening a third location that will focus on the first-time and entry-level boat buyers. Grand Bay Marine, founded in Traverse City in 1997, is converting a former freight warehouse into a 20,000sq ft showroom and pro ...
-
NewsFlorida marine industry sees one of its own elected to State House
The voice of the recreational marine industry in the Florida House of Representatives just got louder with the election of a local boat club executive, who ran on a platform of clean water, climate-related sea level issues and infrastructure, beating out three experienced political opponents by – in keeping with ...
-
NewsVision Marine IPO opens higher, shares soar in first day of trading
Vision Marine Technologies’ first day of trading on the US Nasdaq saw its IPO open 10% higher, at US$11.03 per share, then gaining 72% at its peak before some profit taking closed the day at US$13.69, nearly 37% first-day growth. The Quebec, Canada-based manufacturer of E-Motion electric outboard powertrains announced ...
LinkedIn
X / Twitter
Facebook
Email us
