Boats.com buys YactWorld.com
Article Abstract:
Boats.com, an Internet marine enterprise based in San Francisco, CA, has inked a deal with Seatle, WA-based Cobalt Group Inc in late Jan 2000, to acquire YachtWorld.com, an online marketplace for boats. The purchase price was said to be $14 million. At the same time, Boats.com, which was established in 1999, announced that it has obtained $6 million in first- round financing and has completed appointing members of its management team.
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 2000
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SailNet buys Boatscape in dot-com transaction
Article Abstract:
SailNet.com has acquired Boatscape.com for an undisclosed amount. SailNet was established in 1994 and offers services such as boat financing, boat insurance, sailing news, safety tips and a chat room to sailboat enthusiasts through its Web site. On the other hand, Boatscape caters to the needs of powerboaters, providing online information on nautical items for sale or auction. Boatscape CEO Jay Wilkins said the acquisition was in the best interest of the company.
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 2000
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Manufacturing assets gone, Revenge tries e-commerce
Article Abstract:
Revenge Marine Inc is moving into another business venture with the planned acquisition of e-commerce Web site ReelFishing Corp of Boca Raton, FL, for $3.9 million in stock. The move follows the divestiture of the boatbuilder's manufacturing assets in Aug 1999, an effort aimed at relieving the company's mounting indebtedness. Revenge Marine's change from a manufacturing to a marketing company was forced by a combination of lack of capitalization and pressure from creditors.
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 1999
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