Skyway Capital Markets Facilitates Sale of Denny’s Marina, Inc.
Skyway Capital Markets Facilitates Sale of Denny’s Marina, Inc.
Skyway Capital Markets, LLC proudly announces its advisory role in the sale of Denny’s Marina, Inc., a well-established boat dealership in Indianapolis. This esteemed company has now transitioned ownership to Reeder Trausch Marine Inc., another reputable boat dealership located in Rockville. With this change, Denny’s Marina will operate under the new name, Reeder Trausch Marine Indy.
About Denny's Marina and Its Legacy
Denny’s Marina holds a rich history dating back to its founding in 1972 in Peru. It is a family-run business that has thrived under the ownership of brothers Dan and Greg Decker. Remaining dedicated to the boating community for over 38 years, the brothers have successfully managed the dealership for the last 17 years. As authorized dealers of notable brands like Crownline, Lund, and Bennington, they have provided an extensive range of services, including sales of new and pre-owned boats, parts and accessories, maintenance, and repair services, as well as financing options and boat storage.
The Vision of Denny's Marina
Dan Decker, Co-owner and President of Denny’s Marina, shared his sentiments about the sale, saying, “My family purchased Denny’s Marina in 1986, and Greg and I have taken great pride in being a trusted outlet for all of Indianapolis’ boating needs over the years. We are pleased to see the legacy of Denny’s Marina continue on under the umbrella of Reeder Trausch Marine, whose owners share the same values and common vision of being the boat dealership of choice in the greater Indianapolis area.”
Reeder Trausch Marine's New Direction
As the new owner of Denny’s Marina, Reeder Trausch Marine aims to uphold the high standards established by the Decker family. The dealership is co-owned by J Hurless and Monty Anderson, who have a long-standing friendship that dates back to their high school days. Their journey began together at Ray Skillman Auto Center, and since then, they have developed a successful partnership which led to the acquisition of Reeder-Trausch Marine. Hurless has made significant contributions through sales, while Anderson has worked diligently to enhance servicing operations. Their combined expertise is set to transform the newly renamed dealership into a thriving business within the local boating community.
Skyway Capital's Role in the Transaction
Jeff Hunt, Senior Managing Director at Skyway Capital, expressed his satisfaction regarding the transaction by noting, “This transaction demonstrates Skyway Capital’s ability to drive value to the owners of multigenerational companies regardless of the industry. It was a pleasure working with Dan and Greg towards the successful sale of this treasured Indianapolis boat dealership.” This reflects not only the capabilities of Skyway Capital but also its commitment to supporting family-owned businesses through pivotal transitions.
About Skyway Capital Markets
Skyway Capital is an independent middle-market investment banking firm specializing in mergers and acquisitions and private capital advisory services. They offer a comprehensive suite of M&A services, including sell-side and buy-side advisory, joint ventures, and strategic partnerships. Their knowledgeable team works closely with clients to navigate financial challenges and develop innovative capital solutions tailored to their unique needs. Based in Tampa, Florida, Skyway Capital is a registered member of both FINRA and SIPC, ensuring a secure and professional environment for all clients. For further insights into their offerings, interested parties can find out more from their official website.
Frequently Asked Questions
What is the significance of the sale of Denny’s Marina?
The sale signifies a new chapter for both Denny’s Marina and Reeder Trausch Marine, aiming to enhance boating services in the Indianapolis area.
Who were the owners of Denny’s Marina prior to the sale?
Prior to the sale, Denny’s Marina was co-owned by brothers Dan and Greg Decker, who ran the business since 1986.
What services does Denny’s Marina offer?
Denny’s Marina offers new and pre-owned boats, parts and accessories, maintenance services, financing options, and boat storage.
What experience do the new owners of Denny’s Marina have?
The new owners, J Hurless and Monty Anderson, have a background in automotive sales and servicing, and they plan to apply their expertise to the boat dealership.
How can customers learn more about Skyway Capital?
Customers can visit Skyway Capital's official website to explore their investment banking services and expert advisory capabilities.
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