New York, NY (August 8, 2018) – Water-Land Manufacturing, Inc. d/b/a Continental Trailers and Waterland Supply Co., Inc. (collectively “Waterland”) of Doral, FL have been acquired by KODA Enterprises Group (“KODA”) of Waltham, MA. Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Waterland.
Concurrent with the transaction, Mr. James “Kelly” Hays has been appointed President and CEO of Waterland. Mr. Hays has spent many years with Waterland, most recently serving as Executive Vice President. Mr. Hays states, “We are excited to have KODA as our new partner. We look forward to working with them to enhance our growth trajectory and to forging an exciting future together.”
Water-Land Manufacturing, Inc. d/b/a Continental Trailers (www.continentaltrailers.com) is a leading marine trailer manufacturer that maintains long-term relationships with its core customer base of boat dealers & manufacturers, trailer dealers, and marine accessory dealers. Continental Trailers’ product line spans a wide spectrum of trailers for saltwater boats, personal watercrafts, jet skis, pontoons, catamarans, Jon boats, skiffs, kayaks, and canoes. Waterland Supply Co., Inc. is a leading wholesale distributor of aftermarket parts and accessories for marine trailers, serving customers in Florida and internationally.
KODA Enterprises Group (www.koda.com) is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit from the financial strength and operational expertise KODA provides to its portfolio companies.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry, Mitchell & Company has completed over 350 transactions in a wide range of industries, with values ranging from $10 to $450 million.
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