Top Ranked Recreational Marine Product Manufacturer (#1499)

Overview:

Founded in 2002, this manufacturer is a respected brand in the recreational marine industry. Two strategically located facilities, operating as separate LLCs, build and ship to boat builders and dealers in eight eastern states. Known throughout the U.S. boating industry for robust designs, superior quality, and exceptional customer service, this business generates strong cash flow and offers substantial opportunities for future growth.

Company Strengths:

• Industry Expertise – Proficient, experienced and dedicated staff
• Established Brand – Sold to 200+ boat dealers and manufacturers in 2018
• Consistent Growth – Revenues up 13% from 2016 to 2018
• Future Growth Opportunity – 2X to 3X growth possible from increased market share
• Scalability – Business can be replicated in new geographic markets.
• Diversified Customer Base – Largest customer represents less than 8% of total revenue
• Multiple Product Lines – Product lines for all types of recreational boats and watercraft
• Market Position – Ranked in the top segment of product line manufacturers
• Competitive Advantages – Best in class designs, superior quality, strong dealer relationships, brand recognition, high customer satisfaction, extremely low warranty costs

Due to the integration of the two locations and use of shared designs, marketing and manufacturing processes, both companies are included in this transaction.