Who owns West Marine Inc?
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Who owns West Marine?
Company Description: West Marine has the goods to keep your boat shipshape. It is the nation's #1 boating supplies retailer, operating through more than 240 company-owned stores, as well as a port supply wholesale business, and direct-to-customer website, catalog, and call center.
When does West Marine have sales?
West Marine, Inc. is located in Charlotte, NC, United States and is part of the Other Motor Vehicle Dealers Industry. West Marine, Inc. has 92 employees at this location. There are 416 companies in the West Marine, Inc. corporate family. Industry
Where is West Marine headquarters?
West Marine, Inc. retails recreational and commercial boating supplies and apparels. The Company sells boating, sailing, fishing, and paddling products. West Marine is also involved in …
Is West Marine a publicly traded company?
Following the close of the transaction, West Marine will be privately held and continue to be operated independently by the Company's management team.29-Jun-2017
Is West Marine still in Canada?
West Marine is closing all its stores in Canada, including three on Vancouver Island, as leases expire in the next few years. The California-based company had 10 stores in Canada.03-Feb-2015
How many West Marine stores are there in Florida?
West Marine store locations in Florida, online shopping information - 2 stores and outlet stores locations in database for state Florida....West Marine - stores located in Florida.Area:FloridaWest Marine locations in Florida total:2 stores and outlets in databaseNumber of West Marine active flyers:1 active flyer1 more row
Does West Marine have an app?
The company has recently updated their catalog app which is a must have if you own a boat or spend much time on the water. As boaters we know stuff eventually breaks or wears out. This app will come in handy to help you find the right replacement part. In the past I had not purchased many products through West Marine.04-Nov-2012
Who bought West Marine?
L CattertonWest Marine, an integrated, omni-channel provider of aftermarket products and services to the boating, fishing, sailing and watersports markets in the U.S. announced it has entered into a definitive agreement to be acquired by L Catterton.15-Apr-2021
How many locations does West Marine have?
243West Marine / Number of locations
Who is the CEO of West Marine?
Eric J Kufel (Aug 2021–)Ken Seipel (Dec 2018–)West Marine/CEO
Is West Marine a franchise?
West Marine, the largest specialty retailer of boating supplies and accessories, has 319 company-owned stores located in 38 states, Puerto Rico and Canada and three franchised stores located in Turkey.
Where is West Marine headquarters?
Fort Lauderdale, Florida, United StatesWest Marine / Headquarters
What is AIS app?
It is the only AIS ship tracking app to provide Collision Warnings, share your boat's position and use real-time AIS data. Connected to the largest network of AIS shore receivers world-wide covering most major ports, harbours and popular coastal areas.
Can I get AIS on my phone?
Live Marine AIS Navigation on your iPhone, Apple Watch and Android Smartphone. Boat Beacon is available now in the App Store for iPhone and iPad and in the Google Play Store for Android phones and tablets.
What is a ship to shore radio?
Marine VHF radio is a worldwide system of two way radio transceivers on ships and watercraft used for bidirectional voice communication from ship-to-ship, ship-to-shore (for example with harbormasters), and in certain circumstances ship-to-aircraft.
Who is West Marine?
West Marine has the goods to keep your boat shipshape. It is the nation' s #1 boating supplies retailer , operating through more than 240 company-owned stores, as well as a port supply wholesale business, and direct-to-customer website, catalog, and call center. Its stores, known by the West Marine banner, about 40 US states, Canada, and Puerto Rico.
What is the phone number of West Marine?
Phone. (831) 728-2700. Company Description. West Marine has the goods to keep your boat shipshape. It is the nation's #1 boating supplies retailer, operating through more than 240 company-owned stores, as well as a port supply wholesale business, and direct-to-customer website, catalog, and call center. Its stores, known by the West Marine banner, ...
What is West Marine?
West Marine’s mission is to supply and service boating-related products that provide outstanding value to retail, catalog, and wholesale customers. The company is committed to treating all of its customers better than they expect to be treated, and it strives to be regarded as the best in the industry. The company strives to provide a supportive environment for its employees; actively works to reduce its impact on the environment and to improve and protect the marine environment; and earns a reasonable profit proportional to its success and its mission.
Who is the founder of West Marine?
West Marine ’ s success is largely due to the visionary leadership of its founder, Randolph Repass. Repass first tasted the boating supply business through his homespun operation of West Coast Ropes — a garage-based business selling rope used for boating lines — in 1968. Raised by a family that was very involved with recreational and sport boating in Boston ’ s south suburbs, Repass had studied electrical engineering at Duke University, then moved to California ’ s Silicon Valley to work as an engineer for Fairchild Cameraq and Instruments in 1966. At Fairchild, Repass was critical of management ’ s reluctance to give employees the free rein he felt they needed to excel at their jobs. He left Fairchild for a technology company, Nortec, where he didn ’ t stay long either. By 1973, married with two children, Repass started his own consulting firm, Semiconductor Engineering Associates. When Repass purchased a 13-foot sailboat for $250 — the best he could afford at the time — he went shopping for boating supplies and found that most stores were lacking in both product selection and trained personnel. Repass correctly identified a need for a marine accessories retailer carrying a wide selection of products. When he opened the first West Marine store in Palo Alto in 1975, it was indeed the first retailer of its size and selection in the underserved industry.
When did West Marine acquire E&B?
In July 1996 West Marine finalized its acquisition of competitor E&B Marine. The company issued approximately 600,000 shares ($30 million) in exchange for E&B's stock, and assumed $6 million in long-term debt. The acquisition approximately doubled West Marine's store size and market penetration by adding 62 stores (bringing the total number of stores to more than 130). It also expanded product selection, increased catalog sales to over $300 million, and helped the company achieve economies of scale. Furthermore, the merger allowed West Marine to instantly achieve two goals: penetrating East Coast markets and accessing powerboaters.
When did West Marine go public?
In November 1994 West Marine went public at a price of $14 per share. With 56 stores and approximately seven percent market share, West Marine was recognized as number one of the four industry leaders — joining Boat America Corp., E&B Marine, Inc., and Boater ’ s World — which together represented 16 percent of the $2.2 billion boating supplies industry. To provide expert management, the company bolstered its executive personnel in marketing, merchandising, and inventory. Harvey Durand, whose background was in drug and grocery stores, was hired as president and chief operating officer, and Dennis Hawkins was hired to oversee merchandising and marketing.
Who is Randolph Repass?
Randolph Repass first entered the boating supply business in 1968, through his homespun operation of West Coast Ropes — a garage-based business selling rope used for boating lines. Raised by a family that was very involved with recreational and sport boating in Boston's south suburbs, Repass studied electrical engineering at Duke University, then moved to California's Silicon Valley to work as an engineer for Fairchild Camera and Instruments in 1966. At Fairchild, Repass was critical of management's reluctance to give employees the free rein he felt they needed to excel at their jobs. He left Fairchild for a technology company, Nortec, where he did not stay long either. By 1973, married with two children, Repass started his own consulting firm, Semiconductor Engineering Associates. When Repass purchased a 13-foot sailboat for $250 — the best he could afford at the time — he went shopping for boating supplies and found that most stores were lacking in both product selection and trained personnel. Repass correctly identified a need for a marine accessories retailer carrying a wide selection of products. After seven years of mail-order business, Repass opened the first West Coast Ropes store in Palo Alto in 1975. This was indeed the first retailer of its size and selection in the underserved industry.
Who is the founder of West Marine?
West Marine's success is largely due to the visionary leadership of its founder, Randolph Repass. Repass first tasted the boating supply business through his homespun operation of West Coast Ropes--a garage-based business selling rope used for boating lines--in 1968. Raised by a family that was very involved with recreational and sport boating in Boston's south suburbs, Repass had studied electrical engineering at Duke University, then moved to California's Silicon Valley to work as an engineer for Fairchild Cameraq and Instruments in 1966. At Fairchild, Repass was critical of management's reluctance to give employees the free rein he felt they needed to excel at their jobs. He left Fairchild for a technology company, Nortec, where he didn't stay long either. By 1973, married with two children, Repass started his own consulting firm, Semiconductor Engineering Associates. When Repass purchased a 13-foot sailboat for $250--the best he could afford at the time--he went shopping for boating supplies and found that most stores were lacking in both product selection and trained personnel. Repass correctly identified a need for a marine accessories retailer carrying a wide selection of products. When he opened the first West Marine store in Palo Alto in 1975, it was indeed the first retailer of its size and selection in the underserved industry.
When did West Marine go public?
In November 1994 West Marine went public at a price of $14 per share. With 56 stores and approximately seven percent market share, West Marine was recognized as number one of the four industry leaders--joining Boat America Corp., E&B Marine, Inc., and Boater's World--which together represented 16 percent of the $2.2 billion boating supplies industry. To provide expert management, the company bolstered its executive personnel in marketing, merchandising, and inventory. Harvey Durand, whose background was in drug and grocery stores, was hired as president and chief operating officer, and Dennis Hawkins was hired to oversee merchandising and marketing.
Where is West Marine located?
West Marine is an American company based in Watsonville, California, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future a non profit organization.
Who bought West Marine?
In September 2017, West Marine was acquired by private equity firm Monomoy Capital Partners for $338 million in cash.
When did West Marine go public?
In 1991, the first West Marine stores opened on the East Coast of the United States, in Miami and Annapolis, Maryland. In 1993 the company went public on the NASDAQ exchange (symbol WMAR). In 1996, West Marine merged with E&B Marine, to target a larger customer base of power boat enthusiasts.
Company Origins
- Randolph Repass first entered the boating supply business in 1968, through his homespun operation of West Coast Ropes—a garage-based business selling rope used for boating lines. Raised by a family that was very involved with recreational and sport boating in Boston's south suburbs, Repass studied electrical engineering at Duke University, then moved to California's Sili…
Aggressive Expansion: 1990–95
- Repass returned with renewed vigor and plans to develop the company into a "category killer" (meaning that West Marine stores would carry approximately twice as many items as its closest competitors). The company updated its computer system to produce daily store reports and real-time inventory checks for its telemarketing staff, and also hired a new group of managers, includ…
Entering The Powerboat Market
- With 56 stores and approximately 7 percent market share, West Marine was recognized as number one of the four industry leaders—joining Boat America Corporation, E&B Marine, Inc., and Boater's World—which together represented 16 percent of the $2.2 billion boating supplies industry. To provide expert management, the company bolstered its executive p...
Acquisitions and International Expansion
- In July 1996 West Marine finalized its acquisition of competitor E&B Marine. The company issued approximately 600,000 shares ($30 million) in exchange for E&B's stock, and assumed $6 million in long-term debt. The acquisition approximately doubled West Marine's store size and market penetration by adding 62 stores (bringing the total number of stores to more than 130). It also e…
Continued Expansion
- In 2002, West Marine moved into Canada, opening two stores. Growth continued despite uncertain economic conditions following the terrorist attacks on New YorkCity in 2001, although in a different way. As homeowners turned to do-it-yourself projects and boaters were more likely to buy maintenance products than new equipment, the company introduced a new, smaller stor…
Navigating Change: 2005 and Beyond
- When John Edmondson retired at the end of 2004, West Marine hired Peter Harris to be president and CEO. Harris brought 24 years of CEO experience to the company, including leading FAO Schwarz and the San Francisco49ers. He also had experience implementing successful turnarounds. With devastating hurricanes and rising fuel prices, 2005 was a tough year. The co…
Further Reading
- Beckett, Gary, "West, E&B Forge a $300 Million Giant," Soundings: Trade Only,May 1996, pp. 1, 73. Benjamin, Jeff, "It's Smooth Sailing for Shares of a Boat Supplier," Investment News,March 4, 2002, p. 17. Carlton, Rachel, "Fishing for a Sale: West Marine Reels in Customers with Exciting Visuals," Display & Design Ideas,October 2003, p. 30. "Community Update, San Francisco," Montgomery S…