M&A
confidence medium
sentiment positive
materiality 0.65
Off The Hook Yachts signs definitive agreement to acquire Bellhart Marine Group
OFF THE HOOK YS INC.
- Acquires Bellhart Marine Group (including Bellhart Marine Services, Specialized Mechanical Services).
- Creates three-location Mega Service & Refit platform in the Carolinas: Cape Fear River Shipyard, Market Street, Sloop Point.
- Adds heavy-service capability (up to 70-ton haul), outboard service center, and 450-rack dry stack marina.
- Expected to reduce reliance on third-party service, accelerate inventory reconditioning, and improve gross margins.
- Transaction subject to customary closing conditions; no financial terms disclosed.