The latest news from around the world on mergers, acquisitions and exits across all sectors of the boating industry.

Mergers, Acquisitions & Exits

Ron Savidant

Key Canadian P&A distributors merge

2020-11-18T06:00:00+00:00IBI , by Craig Ritchie

The two largest wholesale parts and accessories distributors in eastern Canada have announced plans to merge operations and operate as a single entity, effective January 2021.

Patrick-Industries

US component supplier continues on acquisition path

2020-11-17T16:32:00+00:00IBI , by Arlene Sloan

US-based component manufacturer Patrick Industries announced it has completed the acquisition of Geremarie Corporation, the fifth addition to its business portfolio this year

Screenshot 2020-11-17 at 11.00.18

Sardinian marina put up for sale by Italian state-owned investment agency

2020-11-17T11:37:00+00:00IBI , by David Robinson

One of Sardinia’s leading marinas has been put up for sale as an investment opportunity by the Italian state-owned Invitalia agency which deals with investments and enterprise development.

TeakDecking Yellowfin Rhib

Teakdecking Systems acquires Spanish decking provider

2020-11-16T06:00:00+00:00

Florida, US-based marine decking manufacturer Teakdecking Systems (TDS) has acquired Teak Solutions SL of Barcelona, Spain.

Elkhart Plastics

Myers Industries acquires Elkhart Plastics

2020-11-13T10:41:00+00:00IBI , by Craig Ritchie

Acquisition positions US fuel tank manufacturer among five largest rotational molding firms in US

Screenshot 2020-11-11 at 15.35.54

UK boat insurance brand returns under new ownership

2020-11-11T15:36:00+00:00IBI

Haven Knox-Johnston is now owned by the Aston Lark Group

Walker's Point

Canadian marina group acquires eighth property

2020-11-09T15:54:00+00:00IBI , by Craig Ritchie

Maple Leaf Marinas acquires Walker’s Point Marina in central Canada’s Muskoka region

Seven Marine 4-engine installation

Volvo Penta to exit outboard segment

2020-11-06T15:45:00+00:00IBI , by Arlene Sloan

Swedish engine maker Volvo Penta announced today that it will phase out production of Seven Marine outboard engines, although it will continue to support the brand’s existing customer base

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Eekels Technology absorbs bankrupt De Keizer Marine Engineering

2020-11-04T11:55:00+00:00IBI , by Robert Wielaard

Eekels Technology BV, a Dutch builder and installer of electrical drive and shore power connection systems, has agreed to take over De Keizer Marine Engineering which was declared bankrupt on October 15. No financial details were announced.

Screenshot 2020-10-29 at 18.55.18

Scottish boat dealer sold after decades of family ownership

2020-10-30T06:00:00+00:00

Following negotiations which started in 2019, Scottish boat dealer Euroyachts, based in Largs, western Scotland, has changed hands after decades under family ownership.

Ribcraft

UK RIB manufacturer sold to British entrepreneur

2020-10-28T16:54:00+00:00

Ribcraft UK, based in Yeovil, Somerset, has been bought by UK entrepreneur Toby Adams and looks set to expand on the success it has already enjoyed in growing governmental, military and securities sectors as well as placing a larger emphasis on environmental sustainability.

SeaFront Marine Nick Cox image

UK yacht chandler sold

2020-10-26T15:10:00+00:00

SeaFront Marine Group in the UK has acquired Lymington-based retailer Nick Cox Yacht Chandler, expanding the company’s portfolio of marine product distribution, sales and servicing businesses.