Bennington Marine Acquires Nautic Global Group

Elkhart, Indiana-based Nautic Global Group—manufacturer of Aqua Patio, Sweetwater, SanPan, Hurricane, Rinker, Godfrey and PolarKraft boats—has been sold to Bennington Marine.

Steve Vogel, Chairman, and Jacob Vogel, CEO of Bennington Marine and James Malone, Chairman and CEO of Nautic Global Group, announced this week that the companies have signed a definitive acquisition agreement, whereby Bennington Marine will acquire the brands and certain assets and liabilities of Nautic Global Group. The deal is anticipated to close on October 2.

“Nautic Global Group is an industry pioneer and has some of the best known, most trusted brands in the industry – brands that resonate strongly with consumers and are well-positioned for future growth, while exceeding the high expectations Nautic has continually set for its products and services,” said Steve Vogel. “We have always respected what the company has accomplished and believe Bennington is the ideal partner to help take the Nautic business to the next level. We look forward to working closely with Nautic’s management team to make the transition as efficient and seamless as possible for employees, vendors and dealers.”

Bennington Marine, also based in Elkhart, Indiana, says it plans to operate the acquired brands and businesses as a separate entity – good news for Nautic Global employees who had feared losing their jobs. “The entire Elkhart area will benefit from the acquisition,” said Nautic Global’s James Malone. “This represents a big win for our employees, dealers and customers.”

The companies are expected distribute additional information, including dealer-specific news, following the conclusion of the acquisition in early October.