Boating Industry

October 2016

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Page 9 of 67 INDUSTRY NEWS 10 | Boating Industry | October 2016 served at the Danaher Corporation, where he was president of Veeder-Root, after holding several senior leadership roles at Danaher and General Electric Corporation. "I am honored and humbled by this ex- citing opportunity to lead The Taylor Made Group and work with Mr. Flint as the chair- man," said Hider. "Taylor Made has a rich and deep history of cutting-edge innovation, quality, and an amazing set of products. Den- nis Flint and the senior team have done a terrific job positioning the company to grow and provide solutions to our customers. I look forward to helping, as we shape the or- ganization for the future." Industry companies make Inc. Magazine 5000 list Several companies in the boating industry were recently named to the Inc. Magazine's list of the fastest-growing private companies in America. Among the marine industry companies making this year's list were: Fortress Marine Construction (#361) – the builder of docks, seawalls and boat lifts made the list for the first time Marine Connection (#2155) – the Flor- ida-based Boating Industry Top 100 boat dealer is on the list for third time SailTime (#2259) – the boat sharing business is on the list for the first time iMarine USA (#3169) – the online elec- tronics and boating supplies retailer made the list for the fourth year in a row Freedom Boat Club (#3371) – the na- tion's largest boat club returns to the list after a previous appearance in 2011 ANOVA Marine Insurance (#4515) – the logistics and transportation insurance broker is making its first appearance on the list The average company on the 2016 Inc. 5000 list achieved a three-year growth of 433 percent. The Inc. 5000's aggregate rev- enue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8 percent of all jobs created in the entire economy during that period. Sunseeker reports it has returned to profitability Sunseeker International has moved back in to profit in the second quarter of 2016 and is forecasting an overall return to profit for the full year. The business also announced a £50 mil- lion (approximately $67 million U.S.) in- vestment to be spent across new products, improved shipyard facilities and hiring of new staff over the next five years. The company credited the results to the company's recent restructuring, improved ef- ficiencies and the recovery plan created by its new executive team. The company reported that orders are up 24 percent (by turnover) year-on-year in 2016. Sunseeker has launched five new model Continued from page 9

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