Datamarine gets its capital

Article Abstract:

Datamarine International has secured a $3.75 million private placement from Alta Subordinated Debt Partners III, which the company will use in retiring existing debt and as working capital. The Mountlake Terrace-based marine electronics manufacturer has also repurchased a subordinated debenture from Alta for $2.8 million including interest. The repurchase not only negated Alta's rights to some 200,000 Datamarine common shares but resulted in a gain of $900,000 for Datamarine.

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing, Other Financial Vehicles, Washington, Investors NEC, Marine Electronics, Investors, Datamarine International Inc.

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Herndon buys an old rival from Blackfin era

Article Abstract:

Fort Lauderdale, FL-based Jupiter Marine has completed the acquisition of Phoenix Marine, based in Hialeah, FL, in Apr 2000. The all-cash transaction includes the Phoenix trademark, all assets, molds and tooling used for the 34- and 38-ft models. Jupiter Marine owner Carl Herndon has been working to create a new look for Phoenix. The new models, which are being built in the Port Everglades, FL, plant of Jupiter Marine, will be powered by inboard engines.

Cabin Cruisers, 26-40 ft, Cabin cruisers, Phoenix Marine

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Coleman sells its boat lines, licenses name

Article Abstract:

Wichita, KS-based Coleman Company Inc has entered into a long-term licensing agreement with Pelican International of Quebec, Canada, that authorizes Pelican to develop and market a line of Coleman boats worldwide. The transaction completes Pelican's acquisition of the rigid- hull canoe and fishing boat operation of Coleman. The acquisition is expected to increase pelican's share of the North American polyethylene boat market which already exceeds 50%.

Software Publishers, Strategic alliances, Computer Software, Reinforced Plastic Boats, Boating industry, Fiberglass boats, Coleman Company Inc.

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