In a letter to its dealers, Elkhart, Indiana-based Bennington Marine announced that it has completed its acquisition of the brands and ‘certain' assets of Nautic Global Group (NGG). The terms of the deal were not disclosed.
Among the brands Bennington acquired from NGG are Godfrey pontoon boats, Hurricane deck boats, Polar Kraft fishing boats and Rinker cruisers.
According to Bennington, the acquisition will not impact the brand's existing operations, dealer networks or retail customer relationships.
"We are excited to bring together some of the strongest brands in the marine industry,” said Jacob Vogel, CEO at Bennington Marine. “And we want to assure dealers and their customers that it is business as usual. Production, servicing and marketing of these terrific brands will continue to remain separate and strong.”
Bennington's newly acquired brands are currently being held in a newly formed holding company, and will be operated separately from the luxury pontoon maker.