M&A Deal Summary

Baxter Marine Acquires TruPlug

On May 13, 2021, Baxter Marine acquired marine company TruPlug

Acquisition Highlights
  • This is Baxter Marine’s 1st transaction in the Marine sector.
  • This is Baxter Marine’s 3rd transaction in the United States.
  • This is Baxter Marine’s 1st transaction in California.

M&A Deal Summary
Date 2021-05-13
Target TruPlug
Sector Marine
Buyer(s) Baxter Marine
Deal Type Add-on Acquisition

Target

TruPlug

Ventura, California, United States
TruPlug is a manufacturer of the modern alternative to wooden emergency plugs. TruPlug is used by military and commercial vessels in some of the most demanding environments on the planet. TruPlug is an essential element in damage control preparedness. TruPlug is based in Ventura, California.

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Buyer(S) 1

Buyer

Baxter Marine

Bonita Springs, Florida, United States
Category Company
Founded 2021
Sector Software
DESCRIPTION

Baxter Marine Group was founded in 2021 by Rick Heine and April Stercula along with the leadership team that revolutionized maintenance, inventory and compliance software in the aviation industry. The mission of the company is to expand and strengthen marine maintenance management capabilities for commercial, military charter and recreational boat owners and operators.

DEAL STATS #
Overall 3 of 3
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 1
Country (United States) 3 of 3
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-26 Wheelhouse Technologies

Fitchburg, Massachusetts, United States

Wheelhouse Technologies was founded with a vision to improve the availability and reliability of yachts and workboats through sound maintenance practices. The company developed Wheelhouse Yacht Solutions and Wheelhouse Fleet Solutions, cloud-based maintenance management systems for single vessels and fleets.

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