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Generational Group Advises Discount Inboard Marine in its Sale to Central Carolina Inboards
By Generational Group
03/30/2023
Generational Group, 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 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.
About Generational
Generational Group, headquartered in Dallas, is a leading, award winning, full-service M&A advisory firm. With more than 350 professionals located throughout 16 offices in North America, the company helps business owners release their business’ wealth by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.
The M&A Advisor named Generational Group Investment Banking Firm of the Year in 2016, 2017, 2018, 2022 & 2024. They also awarded us Valuation Firm of the Year and M&A Consulting Firm of the Year in 2022 and 2023. For more information, visit: https://www.generational.com.