Marine Accessories Corporation

FOR IMMEDIATE RELEASE
May 16, 2000
 

 

MARINE ACCESSORIES CORPORATION SUBSIDIARY ACQUIRES FENTRESS MARINE

Combined Company Will Expand and Pursue Other Marine Industry Acquisitions

LARGO, FL: May 16, 2000. . . . Fentress Marine, a leading manufacturer of high quality boating, fishing, diving and boat trailer accessories, today announced that it has been acquired by Fentress Marine Corporation, a newly-formed subsidiary of Marine Accessories Corporation. The combined company will continue to pursue acquisitions and internal growth opportunities.

"I am really excited about the opportunity to join forces with Marine Accessories Corporation and expand on what we have built here. We have assembled an excellent team and partnering with Marine Accessories Corporation provides us with additional capital to grow the business." said Gene Fentress, founder.

Fentress Marine will continue to operate from its facility in Largo, FL. All of Fentress Marine’s managers and employees will continue in their current capacities. The company will continue to be led by Gene Fentress, Randy Sacks and Terry Shanholtzer, who recently joined Fentress as Vice President and Controller. They join the Marine Accessories Corporation management team which includes Gary L. Stockford, CEO of Marine Accessories Corporation and James A. Wilson, President of Great Lakes Boat Top.

Marine Accessories Corporation was formed in October 1998 by Westland Industries, Inc., a Phoenix-based manufacturer of boat covers and bimini tops, and Prospect Partners, LLC, a Chicago-based private equity firm which manages a $105 million fund. In May 1999, Marine Accessories Corporation acquired Great Lakes Boat Top Co., Inc. of Vonore, TN, a leading manufacturer of OEM bimini tops, convertible tops and enclosures for the recreational boating market. In August 1999, Marine Accessories Corporation formed Great Lakes Boat Tower to acquire Todd Box Management Inc. dba Pipe Dreams of La Vergne, TN, a leading producer of aluminum towers and wakeboard arches.

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MORE PRESS RELEASES
February 13, 2001
New VP to Head Marine Accessories Corporation's Tower Business.
December 5, 2000
Marine Accessories Corporation Acquires Xtreme Marine
November 6, 2000
Great Lakes Boat Tower Company Opens New Production Facility.
September 19, 2000
Ex-Boston Whaler execs take helm of Marine Accessories Corporation.
July 1, 2000
Marine Accessories Corporation Subsidiary Acquires Assets of The Boatswain's Locker, Inc.
September 1, 1999
Marine Accessories Corporation acquires Pipe Dreams.
May 28, 1999
Great Lakes Boat Top Co. merges with Marine Accessories Corporation.
October 5, 1998
Westland Industries, Inc. Merges with Marine Accessories Corporation.