Industry News

Centerbridge merges marina owners into $2.5B company. The second-largest owner of U.S. marinas is acquiring the third-largest owner, creating a new powerhouse in this niche real-estate business as boat sales surge during the pandemic. Centerbridge Partners LP said it is paying about $400 million for Westrec Marinas, which the investment firm will absorb into its…

Find Out About the Strategic Acquisition of Lippincott Marina Chesapeake Whalertowne, a dealership with locations in Grasonville and Annapolis, Md., announced in a statement its acquisition of Lippincott Marine. The full-service marina is located at Kent Narrows in Grasonville and has 200 slips that can accommodate boats to 70 feet. A Boston Whaler and Mercury…

Southern Marinas buys Grand Harbor on Pickwick Lake, Tennessee. The property is on the Tennessee-Mississippi border, less than a mile from the Alabama state line. Located at the junction of the Tennessee River and the Tombigbee Waterway, the marina attracts boaters cruising the Great Loop. “Grand Harbor is a unique asset that attracts boaters and…

Breaking News: OneWater Marine Inc. announced today that it has entered into a definitive agreement to acquire T-H Marine, a provider of branded marine parts and accessories, for approximately $185 million. The transaction is expected to close in the calendar fourth quarter of 2021. “With its comprehensive product portfolio, reputation for innovation, omni-channel sales strategy,…

OneWater completes PartsVu buy, impacting marine industry. OneWater Marine Inc. announced that it has completed the previously announced acquisition of PartsVu (“PartsVu”), an online marketplace for OEM marine parts, electronics and accessories. PartsVu enhances the Company’s presence in the marine parts and accessories sector while helping reduce exposure to the cyclicality of boat sales. “We…

MarineMax acquires Cruisers Yachts: strategic impact. “Our motto is: We don’t just sell boats, we sell boating,” MarineMax CEO and President Brett McGill tells me when we discuss his company’s acquisition of the esteemed Cruisers Yachts boat builder (with its own heritage dating back to 1904). “And our history has been one of constant innovation,…

Brunswick to acquire Navico for $1.05B. As a result of this acquisition, Brunswick will add the industry leading brands of Lowrance, Simrad, B&G, and C-MAP to its Advanced Systems Group (ASG), which includes the leading Parts & Accessories (P&A) brands in power management, digital control and monitoring, and networked devices. “The acquisition of Navico and its…

Warbird acquires Yellowfin Yachts; terms undisclosed. Yellowfin will be a separately managed sister company to Invincible Boat Co., which Warbird acquired in 2019. “We are delighted to add Yellowfin to our Warbird platform. Yellowfin is at the pinnacle of their segment both in product lineup and brand prestige,” Warbird CEO Dorton said in a statement. Warbird…

White River Marine expands with Hatteras Inc. acquisition. The brand will become part of the White River Marine Group. The company’s family of brands includes Tracker, Mako, Ranger, Triton, Tahoe, Nitro and others. The addition will shift the focus of the company’s saltwater manufacturing from the Midwest to the Atlantic seashore, closer to the saltwater…

Safe Harbor buys $340M superyacht facility in Fort Lauderdale. Dallas-based Safe Harbor Marinas, led by Baxter Underwood, bought the Lauderdale Marine Center at 2029 Southwest 20th Street from The Carlyle Group, records show. The property spans 60 acres along the New River’s South Fork. Lauderdale Marine Center was founded in 1997, and underwent expansions and…