Twin Vee acquires Aquasport and manufacturing facility

15th May 2023

Twin Vee acquires Aquasport and manufacturing facility

Twin Vee PowerCats Co., the manufacturer of power sport catamaran boats, has entered into an agreement with Ebbtide Corporation to acquire the Aquasport boat brand and manufacturing facility.

The acquisition includes Aquasport’s trademarks, its 150,000-square-foot manufacturing facility situated on 18.5 acres in White Bluff, Tennessee, and related tooling, molds, and equipment to initially build five Aquasport models, ranging in size from 21 to 25 feet.

Aquasport Boats, founded in the mid-1960s, manufactures Kevlar reinforced deep-vee hull designs, used for saltwater fishing, including centre consoles and bay boats, with deep freeboards and family-friendly amenities.

Twin Vee and Ebbtide Corporation signed a lease option where Twin Vee funded $300,000 against the $3,100,000 purchase price. Twin Vee has the option to either pay $22,000 per month in lease payments with $16,000 of the monthly payment attributed to reducing the outstanding balance of the purchase price or purchase the Aquasport assets outright any time prior to the five years by funding the outstanding balance to Ebbtide Corporation.

According to Joseph Visconti, CEO and President of Twin Vee PowerCats Co., Twin Vee will take physical control of the Aquasport property and facility in Tennessee on June 1, 2023. He said:

Established in 1994, Twin Vee PowerCats Co. is the manufacturer, distributer, and marketer of twin hull power sport catamarans. From its HQ in Fort Pierce, Florida, Twin Vee builds boats, including the 240 GFX, the 240 SE-GFX and the 280 STX models, for a wide range of activities, such as fishing, diving, water skiing, and cruising.

Twin Vee’s power catamaran hulls have been fine-tuned to maximise fluid induction between the two hulls and create counter-rotating hydrodynamic vortexes of compressed air and water that provide a cushion of kinetic energy, which softens wave impacts for a dramatically smoother ride, even in rough seas. The resulting pressurised mixture is then channeled through the hull’s trailing surfaces to provide super-clean and highly ordered water for better propulsion by the props.

Visconti continued:

About Twin Vee PowerCats Co. About Aquasport


No comment yet.

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertise with M&M 
Follow us

To stay up-to-date with Marine & Maritime Opportunities, follow us on social media.