T-H Marine looking for more businesses as it makes 12th acquisition
Boating and fishing accessories supplier, T-H Marine, has completed the 12th acquisition in the company’s history and is actively looking for number 13.
The growing Huntsville, Alabama, company has added long-time supplier, Designer Tool, to its portfolio of brands. It has been providing hatches, deck plates and seals to the business for over a decade.
T-H Marine CEO, Jeff Huntley, said: ‘T-H Marine will continue to pursue acquisitions of businesses like Designer Tool and expand our reach to become an even more indispensable supplier to our fantastic customers.
“T-H Marine is happy to work with the owner of a long-term supplier, allowing them to capitalise on the value of their business and begin retirement. T-H Marine is a perfect acquirer for smaller businesses in our industry and entrepreneurs of great boat products. If you’ve put hard work into your business and you might be ready to pass that along to a company that nurtures its acquisitions and is still family-run, T-H Marine is uniquely-positioned to help with that and allow you to reach your goals.”
Huntley added that the latest acquisition gives the company immediate logistical synergies and broadened capabilities. “Furthermore, as Designer Tool is combined with our Innovative Plastics Division, it will substantially increase hatch and deck plate capacity, empowering our sales team to offer more hatch products to more customers once the integration is complete.
“T-H Marine is excited to complete this vertical integration, acquiring our most valued hatch supplier. Bringing Designer Tool’s production and expertise in-house enables T-H Marine to aggressively expand our hatch and deck plate offering. We are very glad that we can allow more customers on board to use Designer-series products.”