Marine Connection Acquires Majority Interest in Boaters Exchange
January 1, 2022
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.
- Buyers
- Marine Connection
- Targets
- Boaters Exchange
- Sellers
- Jerry Butz, Paul Berube
- Industry
- Retail
- Location
- Florida, United States
- Transaction Type
- Buyout
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