About All Craft Marine
All Craft Marine specializes in repower, install, and repair of outboard and inboard/outboard motors. On April 20, 2020, All Craft Marine was acquired by Sorfam Capital. Terms of the transaction were not disclosed.
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Latest All Craft Marine News
Apr 20, 2020
11 Lower-middle market investment firm Sorfam Capital has acquired All Craft Marine, the parent company of boat building organisation Century Boats, for an undisclosed amount. Following the close of the deal, Century Boats will be led by Lloyd Sorenson. Founded in 1926, the US-based company builds off-shore fishing and in-shore family cruising boats. Since the company launched, it has helped design more than 10,000 vessels. Century Boats president and CEO Lloyd Sorenson “With an infusion of capital, our existing dealer’s sales efforts, and a new leadership team, we intend to grow the business by implementing market-moving marketing initiatives, introducing new and refreshed products, expanding our dealership network to new regions, and providing best-in-class customer service.” Sorfam and Century Boats were both represented by boutique investment banking and consulting firm Anchors Aweigh Capital. Bryan Lucius, the former president of Century Boats has moved to become senior vice president of sales and dealer relationships. He said, “We’ve been working with Anchors Aweigh for 18 months, their ideas and support have been instrumental in building backlog and positioning us for this next growth phase, we couldn’t be more excited.” Sorfam Capital typically invests or acquires lower-middle market companies, in deals worth between $1-$100m. Its portfolio consists of companies in the maritime, aerospace, industrial, technology and service industries. Copyright © 2020 FinTech Global TAGS
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All Craft Marine Frequently Asked Questions (FAQ)
When was All Craft Marine founded?
All Craft Marine was founded in 1985.
Where is All Craft Marine's headquarters?
All Craft Marine's headquarters is located at 4505 Kellogg Avenue, Cincinnati.
What is All Craft Marine's latest funding round?
All Craft Marine's latest funding round is Acq - Fin.
Who are the investors of All Craft Marine?
Investors of All Craft Marine include Sorfam Capital.
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