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Sea Star Solutions being sold to Dometic Group

 
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thataway



Joined: 02 Nov 2003
Posts: 20778
City/Region: Pensacola
State or Province: FL
C-Dory Year: 2007
C-Dory Model: 25 Cruiser
Vessel Name: thataway
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PostPosted: Wed Nov 22, 2017 6:13 pm    Post subject: Sea Star Solutions being sold to Dometic Group Reply with quote

Quote:
American Securities LLC, a leading U.S. private equity firm, today announced that it has entered into a definitive agreement to sell SeaStar Solutions ("SeaStar" or the "Company") to Dometic Group (STO: DOM) ("Dometic") for $875 million. Dometic is a global market leader in branded solutions for mobile living in the areas of Climate, Hygiene & Sanitation, and Food & Beverage. The transaction is expected to close in the fourth quarter of 2017, and is subject to customary closing conditions and regulatory approvals.

SeaStar is a leading, global provider of vessel control, fuel systems and system integration to the marine industry. The Company is the market leader in its key product areas with strong market shares. SeaStar today operates some of the strongest brands in the market, such as SeaStar, xtreme, MOELLER, Optimus, and Sierra. The Sierra aftermarket platform is the world's largest independent marine aftermarket parts supplier. SeaStar is based in Litchfield, IL, operates 8 facilities, and employs approximately 1,250 people.


Dometic (a Swedish company) has been expanding into its primary market in the RV world, but more recently into the marine industry. Hopefully there will be good support in the Sea Star line...

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Bob Austin
Thataway
Thataway (Ex Seaweed) 2007 25 C Dory May 2018 to Oct. 2021
Thisaway 2006 22' CDory November 2011 to May 2018
Caracal 18 140 Suzuki 2007 to present
Thataway TomCat 255 150 Suzukis June 2006 thru August 2011
C Pelican; 1992, 22 Cruiser, 2002 thru 2006
Frequent Sea; 2003 C D 25, 2007 thru 2009
KA6PKB
Home port: Pensacola FL
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Discovery



Joined: 08 Dec 2003
Posts: 1239
City/Region: LOA, UTAH
State or Province: UT
C-Dory Year: 2006
C-Dory Model: 255 Tomcat
Vessel Name: Discovery
Photos: Discovery
PostPosted: Wed Nov 22, 2017 9:11 pm    Post subject: Reply with quote

I've had excellent support from Sea Star in the past. They replaced two complete hydraulic steering helms at no cost to me. I just hope Dometic dosen't screw up a good product line.
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Brent and Dixie,
1984 22' Classic sold 2003
2003 24' TomCat sold 2005
2006 TC255 Discovery Sold 2020
2006 CD 22' Angler Sold 2014
https://share.delorme.com/FBrentBetenson
"Free men do not ask permission to bear arms." ~ Thomas Jefferson
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