HydroHoist and ShoreMaster announce merger

ShoreMaster, LLC ("ShoreMaster") and HydroHoist Marine Group, Inc. ("HydroHoist") are excited to announce the merger of their businesses. The combined product offering of these industry-leading brands covers the broadest spectrum of boat types, sizes and marine environments in the industry across all major product categories in the dock, boat lift and accessories market. The combined enterprise will be the largest dock and boat lift player in North America.

The combined business will have a 700+ strong worldwide dealer network able to provide the high-quality products and service customers have come to expect from each brand. The resulting larger footprint will provide new and unique dealer opportunities without overlapping existing market share.

"I see unlimited potential from the combined forces of these two market leaders," said Don Hurley, President of ShoreMaster. "ShoreMaster and HydroHoist together produce the highest quality products in their respective marketplaces. It makes sense to combine our unique product lines and networks to offer a one-stop-shop for marine products. Our merger achieves that goal while retaining the enthusiasm and motivation that drives each company individually."

Increasingly important in a rapidly evolving market, the combined company will boast a more agile development process and two world-class management teams under one leadership. Over the past few decades, ShoreMaster and HydroHoist have delivered highly innovative and successful marine solutions on the market, meeting the needs of marinas, residential dock owners and boaters across the world.

"The union of our companies focuses on internal synergies, external benefits to customers and the blending of two marquee brands," said Mick Webber, President of HydroHoist. "We are in the enviable position of having complementary, not competitive operations. I am thrilled by the opportunities this merger creates."

Webber continued, "Together, HydroHoist and ShoreMaster have enormous potential, and this will allow two companies to merge into one team that will deliver the highest quality products, unparalleled customer service and a seamless experience from purchase to installation. With the leadership of ShoreMaster and the scale of our existing dealer network, I am confident that we will continue to lead the industry as the pre-eminent marine equipment manufacturer."