Marine Connection, a Boating Industry Top 100 Dealer with nine Florida locations has appointed three senior managers to its leadership team. Timo Turkki, a 30-plus year employee and most recently Marine Connection operations manager since 2012, has been promoted to general manager with responsibility for overall dealership operations. He will be based at the dealership’s […]
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OneWater Marine Inc. (NASDAQ: ONEW) has announced results for its fiscal second quarter ended March 31, 2023. Austin Singleton, CEO commented: Our team once again showcased its ability to execute in a dynamic environment, delivering a 19% growth in sales during the quarter, on top of a 34% increase in the prior year period. Same […]
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MarineMax, Inc. recently announced results for its fiscal second quarter ended March 31, 2023. Revenue in the fiscal 2023 second quarter was down 7% to $570.3 million from record March quarter revenue of $610.1 million in the comparable period last year. The Company reported this result was primarily attributable to decreases in new and used […]
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Malibu Boats, Inc. (Nasdaq: MBUU) has announced the appointment of David Black as Interim Chief financial officer. Malibu’s current chief financial officer, Wayne Wilson has notified the Company of his resignation to pursue a similar role at a private equity-backed private company in Knoxville, Tenn. Mr. Wilson will actively serve in an advisory role and […]
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Winnebago Industries, Inc. announced that it has reached a definitive agreement to acquire Lithionics Battery (Lithionics), a lithium-ion battery solutions provider to recreational equipment and specialty vehicle markets. The addition of Lithionics will provide Winnebago Industries with enhanced technological and engineering capabilities to offer consumers more differentiated products with innovative electrical solutions, as well as […]
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PORT 32 Marinas announced it has acquired Lighthouse Point Marina in Lighthouse Point, Fla. The purchase comes as part of PORT 32’s renewed focus on acquisitive growth along both the US Atlantic Coast and Gulf of Mexico. This is the second marina acquired by the company in the Fort Lauderdale area. Based in Charleston, South Carolina, PORT […]
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Patrick Industries, Inc. recently reported financial results for the fourth quarter and full year ended December 31, 2022. Net sales in the fourth quarter of 2022 decreased $196 million, or 17%, to $952 million from $1.1 billion in the fourth quarter of 2021. Wholesale unit shipments declined 47% in the RV industry, which represents 43% […]
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OneWater Marine Inc. has announced results for its fiscal first quarter ended December 31, 2022. “Our first quarter results came in largely as we anticipated as the industry experienced a return to more normalized seasonality, with revenue growing high-single digits, on top of a 57% increase in the prior year. Notably, our high margin service, […]
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MarineMax, Inc. (NYSE: HZO) has announced results for its first quarter ended December 31, 2022. Revenue increased 7% to $507.9 million for the quarter ended December 31, 2022, from $472.7 million in the comparable period last year. The growth was primarily driven by contributions from strategic acquisitions, including IGY Marinas which closed in October 2022. […]
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Correct Craft recently announced the acquisition of Pacer Marine Engineering (PME). PME’s assets will be acquired and owned by Correct Craft’s StarFlite Technology Group and operated as Mach Connections, LLC, effective immediately. For over 40 years, the Swiatkowski family has built PME into an industry leader in the marine space, offering their customers solutions and […]
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Vanderbilt Luxury Pontoons LLC – a subsidiary of Marathon Acquisitions – has appointed Patrick M. Delaney, PE, to the role of President and recently added new dealers to its roster. Delaney holds a BSME from Purdue University and an MBA from the Indiana Institute of Technology. He brings over 30 years of experience in the […]
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Suntex Marina Investors has purchased Green Cove Marina in Brick, N.J. This acquisition builds on other recent acquisitions by Suntex on the Jersey Shore. Green Cove is a full-service marina along the New Jersey coastline that has approximately 250 slips ranging from 14- to 46-feet. Amenities include security gates, a fuel dock, and a full-service […]
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EPG Media LLC wants you to have a positive experience in connection with our products and services. We want you to know that we respect the privacy and security of our users. Our goal is to provide you with an experience that delivers the information, resources and services that are helpful to you. In order […]
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Kanbrick has announced the appointment of Terry McNew as CEO of Marine Concepts, a marine aftermarket platform. McNew previously served as CEO of MasterCraft. He led notable acquisitions, including Crest and NauticStar, while also launching the Aviara brand. More recently, McNew served as CEO of Klaussner Home Furnishings. McNew assumes the role from founder Randy […]
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OneWater has announced results for its fiscal fourth quarter and year ended September 30, 2022. Fiscal Year 2022 Highlights Record revenue increased 42% to $1.74 billion Same-store sales increased 12% Gross profit margin expanded 260 basis points to 31.7% Record Net income increased 31% to $153 million Net income per diluted share attributable to OneWater […]
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Suntex Marina Investors has announced its first acquisition on the Florida panhandle with the purchase of the Legendary Marina in Destin, Fla. Legendary Marina is among the largest dry storage facilities in the United States with over 180,000 square feet of space to accommodate 780 vessels. The property has six marine forklifts with the ability […]
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OneWater Marine Inc. announced that it has signed a definitive agreement to acquire Harbor View Marine, one of the Gulf Coast’s largest locally owned dealerships. The acquisition will further expand the Company’s footprint on the Gulf Coast and is expected to enhance new and pre-owned boat sales, finance, and parts and services offerings. The transaction […]
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LCI Industries recently announced that its wholly-owned subsidiary, Lippert Components, Inc. (Lippert), a manufacturer and supplier of a broad array of highly engineered components for leading RV, marine, and automotive manufacturers, has entered into a license agreement to acquire exclusive rights from audio technology company Resonado, Inc. to the Resonado Performance Audio (Resonado) brand for the […]
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EPG Media LLC wants you to have a positive experience in connection with our products and services. We want you to know that we respect the privacy and security of our users. Our goal is to provide you with an experience that delivers the information, resources and services that are helpful to you. In order […]
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The NMMA announced today the induction of two industry veterans into the NMMA Hall of Fame, its most prestigious honor. Joe Miller, Former CEO & Principal at William F. Miller & Associates, and Doug Smoker, President & CEO of Smoker Craft, Inc., will be presented with the 2022 NMMA Hall of Fame Award during the International BoatBuilders’ […]
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