John Ward News

Sea Tow Services International, Inc., a professional on-water assistance provider, honored members of its national network for outstanding customer service and dedication to boating safety at the Sea Tow Awards Luncheon held on November 17. The event was a highlight of the organization’s 2016 Annual Meeting, which brought Sea Tow operators from across the country to the Wyndham Lake Buena Vista Resort in Orlando from November 14-17, 2016. Sea Tow Franchise of the Year, awarded to the franchise that most exemplifies Sea Tow’s high standards of service and operation…

An affiliate of Versa Capital Management  has acquired the operating businesses of Hatteras/CABO from Brunswick Corporation. Hatteras Yachts is recognized as a world leader in the construction of convertible sportfishing and luxury motor yachts. CABO Yachts has enjoyed a well-deserved reputation as one the world’s top builders of sportfishing express boats from 36 to 52 feet. The acquisition is effective immediately. Purchase terms were not disclosed. “Both Hatteras and CABO are cornerstone American brands in their respective luxury marine markets, and both have been affected during the extended economic downturn,” stated Gregory L. Segall, CEO of Versa Capital.