Benchmark Intl Facilitated Trans Btwn Yakgear Inc & T-H Marine Supplies, & Nautical Gr Intl Holdings
Benchmark Intl Facilitated Trans BtwnYakgear, Inc & T-H Marine Supplies, & Nautical Gr Intl Holdings
HOUSTON – April 19, 2022 – PRLog — Benchmark International successfully facilitated the transaction of a distributor of paddle sports accessories and marine accessories. based in Houston, Texas, the company also has operating agreements to provide RAILBLAZA products throughout North America, as well as distribution agreements with several other third-party water sports brands.
YakGear is an industry-leading supplier of kayak equipment, paddle sports accessories, and boat-mounting accessories to individual consumers, as well as distributors across the United States via e-commerce and retail sales. The company has several partnerships with big-box retailers, distribution outlets, and e-commerce channels such as Amazon to market and reach a wide audience.
“I wanted to take the time to thank [Benchmark International]
Nautical Group Holdings (NGH) acquired all assets of YakGear that relate to RAILBLAZA distribution, including associated stock and direct-to-consumer (DTC) accounts. RAILBLAZA USA Inc. (RAILBLAZA USA) will operate as a 100% owned subsidiary of NGH from Houston, Texas, managing all RAILBLAZA operations and sales distribution to the North American market.
NGH aims to achieve a dominant market position for each of its niche portfolio brands while accelerating an innovation focus with speed to market while assisting portfolio companies to build out governance and corporate functions to a higher level of maturity to support growth. It will capitalize on a broad range of well-developed relationships with global distributors, partners, and customers, supplying best-in-class solutions.
Commenting on the transaction, CEO of NGH, Marc Michel, said, “Our thanks to the YakGear team who have done an amazing job of establishing and growing RAILBLAZA in the US market. This is a strategic acquisition to accelerate our momentum in the US market and put in place a focused RAILBLAZA team.”
The remaining assets of YakGear have been acquired by TH Marine, a division of OneWater T-H Marine has grown to be one of the largest suppliers of marine parts and accessories in the United States. T-H Marine is based in Huntsville, Alabama, where it provides various products, including jack plates, outboard tilt and trim controls, rigging components, boat plumbing, hatches, LED lights, live well aeration, and more.
“Since 2006, YakGear Founder and President Bill Bragman and his team have done a remarkable job providing accessories to kayak, canoe, and stand up paddleboard enthusiasts, earning YakGear’s reputation as a household name among their audience,” said Jeff Huntley Sr., Chief Executive Officer for T-H Marine. “We’re thrilled to add the YakGear team, including Jerron Wosel, YakGear’s Director of Procurement and now President of the YakGear division, to T-H Marine, along with their expansive portfolio of paddle sport products. YakGear’s strong multi-channel approach to the aftermarket complements our platform and provides exposure to an entirely new set of paddle sports retailers and consumers, giving T-H Marine a stronger foothold in the space.”
“Representing an industry leader like YakGear was an honor for our team and are confident the acquiring parties will continue to grow within their niche and benefit by this transaction.”
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