Date
Mar 2023
Region
South Carolina
We are pleased to announce the sale of our client, Discount Inboard Marine LLC, to Central Carolina Inboards. The deal closed March 3, 2023.
Discount Inboard Marine (DIM), located in Chapin, South Carolina, is an e-commerce retailer of discounted boat parts and accessories. The Company specializes in inboard engine ski boat parts and technical assistance, offering more than 1,200 SKUs from 24 different vendor lines including but not limited to engine, drivetrain, underwater hardware, and more.
Karen and Vince Dougherty have been operating Discount Inboard Marine for over 32 years and will now be moving on to the next chapter in their lives. Richard Powlas, a key sales representative with DIM for over 20 years, will be retained by the new ownership.
Located in Elizabethtown, North Carolina, Central Carolina Inboards (CCI) is a multi-generational marine retailer with roots dating back 68 years in the Inboard world. The family-owned company holds and operates boat dealership operations, marina operations, and a current e-commerce operation. The e-commerce branch manages close to 10,000 SKUs of parts and keeps almost 1 million in inventory ready to ship to customers around the world. The addition of DIM to CCI's e-commerce is a perfect fit and builds on the synergy of both brands.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, Senior M&A Advisor, Paul Fackler, a Generational Group Authorized Affiliate, with the support of Vice President, M&A, Emil Nirkis, successfully closed the transaction. Senior Managing Director, Roger Dean, established the initial relationship with DIM.
“There was not only a natural business fit for Central Carolina Inboards acquiring Discount Inboard Marine, but ownership at both organizations had a great deal of respect for each other which led to smooth ownership transition,” said Fackler.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Retail M&A Deals page.
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