Merrill-Stevens Dry Dock Co. Acquires Koch, Newton & Partners

Arlington Capital Partners Acquires Merrill Technologies Group and Forms Keel Platform

January 29, 2024

Aerospace & Defense

Arlington Capital Partners has acquired Merrill Technologies Group and combined it with Pegasus Steel and Metal Trades to form Keel Holdings (Keel), a vertically integrated defense manufacturing platform. The transaction brings Merrill’s design, machining and fabrication capabilities into Keel to support Navy, Army and Air Force programs and accelerate deliveries for critical DoD programs.

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.

Sterling Investment Partners Acquires Xylem and Merges it with Kendall Vegetation Services

September 20, 2022

Environmental Services

Sterling Investment Partners, in partnership with Xylem management (Randolph and Benjamin Hoover), has acquired Xylem, Inc. and combined it with Sterling's existing portfolio company Kendall Vegetation Services to form a larger vegetation management platform. The combined business — led by Co‑CEOs Randolph Hoover and Robert Williams — employs over 2,000 people, operates in 20+ states, and will expand vegetation management and emergency storm response capabilities across the eastern seaboard, Gulf states and beyond.

Vision Marine Technologies Acquires Nautical Ventures Group

June 23, 2025

Retail

Vision Marine Technologies (NASDAQ: VMAR) acquired Nautical Ventures Group, a Florida-based recreational boat dealership, marina, and service provider operating nine retail locations. The acquisition gives Vision Marine direct retail and service distribution for its E-Motion high-voltage electric propulsion systems and expands the company's direct-to-consumer sales, installation, and aftermarket service capabilities.

OneWater Marine Acquires Naples Boat Mart

July 20, 2021

Retail

OneWater Marine Inc. agreed to acquire the assets of Naples Boat Mart, a third-generation, family-owned boat dealer, to expand its presence on Florida's West Coast and enhance its new and pre-owned boat sales, service, storage and finance & insurance offerings. The transaction, expected to close in Q4 2021, brings Naples Boat Mart's factory-trained technicians, rigging shop and mobile service units into the OneWater platform.

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

February 9, 2026

Consumer Products

MasterCraft Boat Holdings (MasterCraft) and Marine Products entered into a definitive agreement for MasterCraft to acquire Marine Products for approximately $232.2 million in a cash-and-stock transaction. The deal combines MasterCraft with Marine Products’ Chaparral and Robalo brands and is valued based on a multiple of Marine Products’ expected EBITDA, with closing targeted for the second quarter of 2026 subject to approvals.