BRUNSWICK TO ACQUIRE POWER PRODUCTS’ GLOBAL MARINE & MOBILE BUSINESSES

Go Boldly

 

July 3, 2018

On June 29th Mercury Marine’s parent company, Brunswick Corporation (NYSE: BC) announced that it has entered into a definitive agreement to acquire Power Products – Global Marine & Mobile, which includes the global marine, specialty vehicle, mobile, industrial power, and transportation aftermarket products businesses of Power Products.  Brands included are: Ancor, BEP, Blue Sea Systems, Czone, Del City, Lenco Marine, Marinco, Mastervolt, Park Power, Progressive Industries, and ProMariner.

Power Products is a privately held company based in Menomonee Falls, Wis., owned by San Francisco-based private equity firm Genstar Capital.  The acquisition will not include Power Products’ Electrical Construction & Maintenance business, including the Gardner Bender, Bergen and King brands, which will be retained by Genstar.

Power Products is a leading provider of branded electrical products, such as battery and power management and digital switching, to marine and other recreational and specialty vehicle markets. The company’s motto, “Powering Innovation, Connecting with Customers”, aligns with Mercury Marine’s vision of enhancing the boating experience for its customers and providing opportunities to make boating easier.

“Power Products provides Mercury a complementary portfolio of products and services, creating a broader and more significant marine business in key categories,” said John Pfeifer, Mercury Marine president. “Power Products has an experienced team with a proven track record of driving innovation in electrical products and systems.”

“Power Products adds a broad portfolio of marine after-market and OEM parts and accessories, including sophisticated electronics solutions, to Mercury Marine’s P&A portfolio,” said Chris Drees, Mercury Marine president of global marine parts and accessories.  “Our combined operations allow us to provide our customers with enhanced solutions, while solidifying Mercury Marine’s P&A business and positions Mercury as the leader in connected boating.”

Here’s a look at the 11 well-known Power Products brands that are part of this deal:

  • Blue Sea Systems: The global leader in battery management solutions and circuit protection for harsh environment marine and vehicle applications. https://www.bluesea.com/
  • Lenco: The leader in trim systems, electric actuators hatch lifts, switches and the all new Auto Glide boat leveling system. http://www.lencomarine.com/
  • MasterVolt: Engineers and designs power management systems for marine, mobile and industrial applications. https://www.mastervolt.com/
  • ProMariner: The leading brand of sealed battery chargers sold to marine OEM and aftermarket channels as well as selected automotive and specialty vehicle applications.http://www.promariner.com/en
  • Park Power: The RV industry leader supplying detachable electrical cord sets, switches, tools and wire management.  http://www.park-power.com/en
  • Del City: Number one in e-commerce electrical supplies for the specialty vehicle aftermarket https://www.delcity.net/

“Not only will these brands allow us to broaden our reach within the marine industry, but a company like Del City allows us to expand into the transportation aftermarket business, which is a strong complimentary business to marine,” said Drees. “Del City provides general transportation secondary market needs for lighting, trailer accessories, RV and marine electronics – a perfect complement to our global P&A business portfolio.”

“Power Products with their 11 strong brands, significantly enhances our ability to meet and exceed the needs of our customers,” said Pfeifer. “Not only do these brands lead the market in their respective categories, but the people behind the brands have created a winning culture and we are excited to welcome this new team into our company.”

The closing of the transaction is subject to usual and customary closing conditions as well as regulatory review and approval, which is anticipated during the third quarter.

Related Posts





Vote for Dorothy, BC’s Iconic Sailing Yacht, in the Classic Boat Awards 2024

CMRA

You are invited to support an historic, recently restored and refitted BC sailboat, Dorothy, by voting for her in a contest, the Classic Boat Awards 2024, run by the UK’s prestigious Classic Boat Magazine. The Maritime Museum of BC (MMBC), owner of this sleek, wooden vessel built in 1897, believes she’s the oldest sailboat in Canada. As she isn’t the only classic yacht in the running, you’re urged to go online and vote for her in the category of Restored Sailing Vessel under 40ft.

Read More




Need to Catch up on News This Week?

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you’re looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here.



Even more BALIs at BALI

CATANA GROUP launches its 14th BALI CATAMARANS model, the BALI 5.8, for the brand’s 10th anniversary! Always bigger, always more powerful, always more… BALI!

This time, the new BALI 5.8 is completing the range from the top down.

Read More


Water heater offers dynamic heat source choices

Hubbell-Marine Stainless steel outlet covers
Hubbell-Marine Stainless steel outlet covers

After a long day on the water, having ample supplies of hot water for multiple showers and meal preparation is a welcome luxury. The 1700 Series Marine Water Heater from Raritan Engineering was created specifically for marine use. With a proven long-life design, it’s available with a 115V AC or 240V AC heating element, and the option to include an innovative heat exchanger that uses the vessel’s hot engine coolant.

Read More