Walstrom Marine Acquires Grand Bay Marine

Walstrom Marine has acquired Grand Bay Marine, a Michigan-based full-service boat dealership with locations in Traverse City and Charlevoix. The seller, Liz Carney and her family, will assist with the transition while Grand Bay's 38 employees remain; the deal expands Walstrom's footprint across the Great Lakes and adds the Regal brand to its portfolio. The investor group led by Continuum Ventures (the DeVos family office) — which previously invested in Walstrom — will own Grand Bay through their stake in Walstrom.