DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its 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 ecommerce 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.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. The Global M&A Network named Generational USA Investment Bank of the Year in 2023. For more information visit https://www.genequityco.com/ or the Generational Equity press room.