Boats Incorporated Announces Closing of Its SaleOctober 15, 2018
New Haven, CT, September 2018 – VR Mergers & Acquisitions (“VR”), a Connecticut business brokerage firm serving business owners in the Northeast, is pleased to announce the closing of the sale of Boats Incorporated to an investor group led by Scott Leahy.
Boats Incorporated is an award-winning boat dealership and marina located on 2.3 acres in Niantic, CT. The company sells Grady-White, Parker, and Sportsman branded boats as well as Yamaha outboards. The facility also includes a 175 slip marina which gives boaters access to some of the best fishing grounds in the Northeast.
After 32 years of ownership, Brian Olson, Don MacKenzie and Peter Rothman hired VR to find a buyer who would continue the company’s tradition of providing superior sales and customer service. VR introduced them to the buyer, Scott Leahy, who after a twenty-year career on Wall Street was looking for an opportunity to combine his business knowledge with his passion for boating and fishing as well as his affection for the Eastern Connecticut coast line. Leahy commented, “After meeting with Brian, Don and Peter, I was immediately convinced this was the opportunity I was looking for. I am excited to work with the entire team at Boats Incorporated to continue their commitment to excellence.” Brian Olson stated, “Don, Peter and I wanted to find a buyer with both a good business acumen and a passion for our industry which we believed was important to keep the firm running in a manner that our employees, customers and vendors had come to expect. Scott fit the bill on both counts and in fact, we believe he will bring the business to another level. We couldn’t be more pleased.”
Jeff Swiggett, President of VR Mergers & Acquisitions, commented that “We were very pleased to assist Brian, Don and Peter in this transaction and quite honored to have been trusted with managing the sale. They built one of the premier boat dealer and marina businesses in New England and we wanted to make sure we secured the right buyer, which we did with Scott Leahy.”
About VR Mergers & Acquisitions
VR Mergers & Acquisitions in New Haven, CT is an award-winning officer that represents owners of businesses valued between $500,000 and $25 million or with annual revenues from $1 million to $30 million in the sale of their businesses. Operating within a wide range of industry segments, the office provides exceptional merger and acquisition advisory services to companies in Connecticut, New England and Metro NY. The company has been operating since 2008 and during that time completed over 80 transactions.Contact:Jeff Swiggett, CBI, M&AMI, Owner(203) 772-3773