MasterCraft Boat Holdings To Acquire Marine Products in $232.2 Million Cash-and-Stock Deal

MarineMax Acquires Midcoast Construction Enterprises (Midcoast Marine Group)

December 5, 2022

Construction

MarineMax, Inc. acquired Midcoast Construction Enterprises, LLC (Midcoast Marine Group), a Central Florida–based full-service marine construction company, adding marina development capabilities, specialized equipment, and waterfront real estate in Tarpon Springs, Florida. Midcoast founder and CEO Jack Fulford will continue to run the business as part of MarineMax's expanding marina and services platform.

Marine Connection Acquires Majority Interest in Boaters Exchange

January 1, 2022

Retail

Marine Connection acquired an 80% majority interest in Boaters Exchange, a 20-year retail boat dealership operating two Central Florida locations (Rockledge and New Smyrna Beach). The founders and former partners Jerry Butz and Paul Berube retain a combined 20% and remain in management; Boaters Exchange operates with approximately $30M in sales and 42 employees, and the deal expands Marine Connection to nine Florida locations and $100M+ in sales.

L Catterton Acquires Controlling Interest in West Marine

April 14, 2021

Retail

L Catterton has entered into a definitive agreement to acquire a controlling interest in West Marine from Monomoy Capital Partners; terms were not disclosed and the transaction was expected to close in May/second quarter 2021. West Marine is the leading omni-channel marine aftermarket retailer with 237 stores across 38 states and Puerto Rico and two eCommerce platforms; L Catterton plans to accelerate the company’s omni-channel, digital and consumer engagement capabilities.

MarineMax Acquires Nisswa Marine

July 1, 2021

Retail

MarineMax, Inc. acquired Nisswa Marine, a full-service Midwest boat dealer headquartered in Nisswa, Minnesota, strengthening its storage and service offerings in the region. Nisswa generated over $35 million in revenue in 2020 and will continue to be operated by the Wiczek family leadership team under MarineMax ownership.

Kanbrick Acquires Marine Concepts from Founder Randy Kent

June 28, 2022

Manufacturing

Kanbrick, a Chicago-based private investment partnership, has acquired Marine Concepts, a designer and manufacturer of patented semi-permanent boat cover systems. Founder Randy Kent will remain involved as the company partners with Kanbrick to expand geographies, channels, and build a platform of marine accessory brands.

Boyne Capital Acquires Master's Lumber & Hardware (Masters Building Products)

July 15, 2021

Building Products

Boyne Capital, through an affiliate, partnered with management to acquire Master's Lumber & Hardware, LLC dba Masters Building Products, a Florida-based developer, manufacturer and distributor of building products and branded flooring and millwork. The transaction is a platform investment by Boyne to support growth and expansion of Masters' product lines and distribution footprint across the Southeast United States.