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While the fishing industry has been abuzz regarding recent acquisitions within the lure and tackle sector of the market as of late, much less attention has been placed upon such dealing taking place within the boating marketspace. As it turns out, this segment of the industry is just as prime for buyouts and acquisitions, as any of the aforementioned markets.
T-H Marine recently announced its acquisition of BHP Marine, which is known as an industry leader in the production and sale of custom anchoring/mooring solutions. BHP Marine, established in 2003, also carries a significant online retail presence.
At the other end of the spectrum T-H Marine, founded in 1975, serves as a leader in the marine vessel outfitting industry. The company offers a sizable inventory of boating essentials and marine lighting systems.
“We are excited about the acquisition of this dynamic company,” stated T-H Marine CEO, Jeff Huntley. “The addition of BHP’s proprietary product lines will give us an immediate foothold in the anchoring and mooring categories. Furthermore, their customer base and reach will position us deeper into the saltwater fishing and pleasure craft boat markets.”
This is the 11th acquisition made by T-H Marine, many of which have taken place over the past decade. As a result, it appears that the company will continue carving out a coveted spot within the boating supply industry. Huntley himself has expressed continued interest in expansion and has voiced his intent to make similar purchases in the future.
“We will continue to aggressively seek great acquisitions, such as BHP, to increase the portfolio of awesome products that we offer to boating and fishing enthusiasts who love our brands,” said Huntley.