Vision Marine Technologies Inc. (NASDAQ: VMAR), a leader in high-voltage electric marine propulsion, has finalized its acquisition of Nautical Ventures Group, a top U.S. boat dealership recognized as the 2024 Boating Industry 'Dealer of the Year.' This move establishes North America's first integrated platform combining electric boat propulsion with dealership services, merging Vision Marine's E-Motion(TM) powertrain with Nautical Ventures' extensive retail network and service offerings.
With nine locations in Florida and a portfolio that includes leading brands like Axopar, Yamaha, and Beneteau, Nautical Ventures provides Vision Marine with immediate access to one of the world's most active boating markets. The acquisition not only boosts Vision Marine's direct-to-consumer sales potential but also opens up new revenue opportunities, facilitating expansion across the nation. The deal was structured with a mix of cash, a seller's note, and stock, with advisory services provided by ThinkEquity.
