Patrick Industries acquires Leisure Product Enterprises

Patrick Industries, Inc. has completed the acquisition of Leisure Product Enterprises, LLC. LPE is a holding company with three manufacturing subsidiaries under its umbrella: Marine Concepts/Design Concepts, Florida Marine Tanks and Marine Electrical Products. LPE primarily serves the marine and industrial markets with combined fiscal 2016 revenues of approximately $ 75 million. The aggregate purchase price …
Boating Industry

Suntex Marinas acquires The Ridges Marina

Suntex Marinas, an owner and operator of marina properties, announced that it has acquired The Ridges Marina. Under the new ownership this North Georgia property on Lake Chatuge will undergo extensive reinvestment in the coming year. “We are really looking forward to being part of the Suntex family of marinas,” said Michael Kennedy, general manager …
Boating Industry

OneWater Marine Holdings acquires Sunrise Marina of Florida and Alabama

Atlanta-based OneWater Marine Holdings has made its fourth acquisition of 2016, adding Sunrise Marine of Florida and Alabama. Terms of the acquisition were not disclosed. “With a growth rate in middle-class families that exceeds the national average, along with the Gulf’s diverse fishing and boating activities that attract millions of additional visitors every year, expanding …
Boating Industry

Brunswick acquires Paynes Marine

Brunswick Corporation (NYSE: BC) announced Friday it has acquired the assets of Paynes Marine Group of Victoria, British Columbia, a wholesale distributor of marine parts and accessories (P&A) in Canada. Terms of the transaction were not disclosed. Paynes had sales of approximately $ 17 million in 2015. Paynes marine distribution business will become part of Brunswick’s …
Boating Industry

OneWater Marine acquires Texas Sport Boats

Atlanta-based OneWater Marine Holdings has added Texas Sport Boats of Conroe, Texas, to its network of dealerships. Lee and Cathy LaVergne, former owners of Texas Sport Boats will continue to operate the dealership under the Texas Sport Boats name. Terms of the acquisition were not disclosed. “As we’ve seen continued growth in the Houston area, …
Boating Industry

Bayliner Boats acquires Heyday Inboards

Bayliner Boats announced Tuesday that it has immediately added Heyday’s Inboard boat models WT-1 and WT-2 to the Bayliner portfolio. Terms of the transaction were not disclosed. “The wake/surf category is an attractive and growing portion of the recreational day boat segment, and particularly for those seeking a more affordable way to enjoy these popular …
Boating Industry

Suntex Marinas acquires CrossTimbers Marina

Suntex Marinas, an owner and operator of marina properties, announced Tuesday the acquisition of CrossTimbers Marina in Oklahoma. Just 18 miles north of Tulsa, the property is situated in a deep‐water cove along the eastern shore of Skiatook Lake. The 11th largest lake in Oklahoma, it is a popular boating and fishing destination. A sanctuary …
Boating Industry

Twitchell Technical Products acquires Infinity Woven Products

Highlander Partners’ portfolio company, Twitchell Technical Products, a manufacturer of engineered polymer fabrics and coated films, announced Friday its acquisition of Infinity Woven Products, a provider of floor and wall coverings to the marine, RV, aerospace and other markets. Founded in 2008, Infinity manufactures and distributes floor and wall coverings using its “Luxury Woven Vinyl.” …
Boating Industry

Safe Harbor Marinas acquires Grand Isle Marina

Safe Harbor Marinas has acquired Grand Isle Marina in Grand Haven, Mich., about a three-hour drive from both Chicago and Detroit. Located along 21 miles of inland waterway and just minutes from Lake Michigan, Grand Isle Marina features 400 permanent boat slips and about 150 dry racks. Safe Harbor Marinas is seeking to strategically expand …
Boating Industry