Off The Hook Yachts agrees to buy Bellhart Marine, expands Carolinas refit platform

Reuters
Apr 02
Off The Hook Yachts agrees to buy Bellhart Marine, expands Carolinas refit platform
  • Off The Hook Yachts entered a definitive agreement to acquire Bellhart Marine Group, including Bellhart Marine Services and Specialized Mechanical Services.
  • Deal aims to build a mega service and refit platform in Carolinas, bringing boat reconditioning and service operations in-house to speed inventory turnaround and support margins.
  • Combined operations would run across three Wilmington-area facilities, including Cape Fear River Shipyard, a heavy-service hub able to haul vessels up to about 70 tons.
  • Transaction is subject to customary closing conditions, including due diligence and third-party approvals.


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