Senator GrassleyOn Sunday, April 28, U.S. Senator Chuck Grassley (R-IA) – chairman of the powerful Senate Finance Committee, which has jurisdiction over trade-related matters.

Seal Of FloridaCanadian boat brokers and buyers will be interested to learn that on May 1st, the Florida Legislature approved the Uniform Certificate of Title Act (HB 475/S 676) – a top recreational boating industry priority – sending the bill to Governor Ron DeSantis for his signature.

Nautic-On AwardNAUTIC-ON has been selected as a 2019 Boating Industry Top Product winner for its Smart Boating Platform.  The award recognizes the most innovative products introduced to the marine industry over the past year. 

Manhattan 66M&P Yacht Centre is Canada’s #1 Boat Dealer so it makes perfect sense that they would partner with Sunseeker, Britain’s Largest Boat Builder.

GarminMay 1st, Garmin Ltd. (Nasdaq: GRMN) announced results for the first quarter ended March 30, 2019. Highlights for the first quarter 2019 include record first quarter revenue of $766 million, an 8% increase, with marine, aviation, fitness and outdoor collectively increasing 12% over the prior year quarter.

American MagicEvinrude has announced that it has been named Official Engine Supplier of New York Yacht Club American Magic, a professional sailing team and Challenger for the 36th America’s Cup.

BrunswickBrunswick’s Reynosa manufacturing facility in Mexico has recorded a major safety milestone, reporting more than four-million hours, or close to three years, without a lost-time incident.  

TelwaterBRP (TSX:DOO; NASDAQ:DOOO), announced on May 1st, that it has entered into a definitive agreement to acquire 80% of the outstanding shares of Telwater Pty Ltd (“Telwater”), Australia’s leading and largest manufacturer of aluminum boats and trailers.

NMMANMMA Canada and the Canadian Marine Trades Associations have been advised by the Government of Canada that effective April 30, 2019, all retaliatory tariffs on U.S. recreational boats entering Canada have been removed, marking the most positive development for our industry since this concerning issue first emerged.

In 2018 Boating Ontario launched the MarineWorx Development Fund which supports the advancement of Ontario’s marine workforce by providing funds to both new and existing talent in the boating industry.

Featured Articles

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Announced on June 18, the exciting new Mercury Racing 450R outboard is purpose designed to bring ...
PORTS The Cruising Guides have been acquired from Metroland Printing Publishing & Distributing ...
Orillia’s Spring Boat, Cottage & Outdoor Show at the Port of Orillia and waterfront parks, Lake ...
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The Boating Ontario team would like to thank all those who participated and contributed to this ...
Boating BC is now accepting applications for the Glenn Spartz Scholarship, which offers financial ...
Registration Open: Level 1 Marine Service Technician Training in Sidney and Vancouver ...
Canadian Boat Shows has announced AD ASTRA Media Inc.  as the official publisher for the 2020 ...
ABYC is hosting free events which are perfect mini prep courses for the 2020 Marine ...
Previous IMI webinars included a review of the challenges faced by marinas and boaters as ...

BUSINESS VALUATIONS: THREE SITUATIONS WHEN YOU MIGHT NOT NEED ONE

 

Business ValuationsBy: Patrick Ungashick

Photo Credit: Dwain Bodkin


Business valuations are an important tool for owners and leaders of privately-held companies. For example, if you are doing sophisticated tax planning, buying-out a business partner, or if an owner is going through a marital divorce, then a valuation may be highly prudent—if not legally required. However, business owners and leaders should avoid rushing to get a valuation in circumstances where the need is not clear.

Read more about Business Valuations......

 

Marine Products

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Rancho Santa Margarita, CA - Forespar has just introduced a new smaller size version of their ...
Energy Solutions now have available for the North American marine market, a range of Marine ...
Boat decks often seem to bristle with hardware, spoiling the vessel's smooth lines and creating ...
Evinrude announced today the expansion of the revolutionary Evinrude E-TEC G2 product line to ...
Ossian Fasteners has announced that they are the first company in ...
Danish marine safety equipment manufacturer, Daniamant, announces the launch of the ODEO Strobe, a ...
ASA Electronics is bringing modern technology and style to the boating industry with the Marine ...
The W2K-1 transfers data from an NMEA 2000 backbone to any device (e.g. laptop, tablet ...
Boats can never have enough dry storage space, especially places that are safe from the prying eyes ...
B&G, the global leader in design and manufacturing of sailing electronics, announced today ...

People

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George Armendariz, CEO of Groupe Beneteau Americas, announced today the appointment of Yannick ...
According to the Minneapolis Star Tribune on April 10 2019, Irwin Jacobs and his wife were found ...
Co2 Inflatables is pleased to announce that Jason Edwards, formerly of Grand/Gala Marine, will be ...
Marine electronics pioneer Darrell Lowrance, 80, passed away Saturday morning after suffering a ...
Extremely popular and well respected for leading the reemergence of Iconic Marine's three ...