Twin Vee acquires Bahama Boat Works
Powerboat builder Twin Vee PowerCats Co. has acquired Bahama Boat Works, bringing together two established marine industry names.
Florida-based Bahama Boat Works produces centre-console fishing boats in the 10.5 to 12.5-metre range.
Reports in financial media about the Bahama Boat Works acquisition state that the sale includes the firm’s tangible and intangible assets, for an initial payment of $100,000 and up to $3m in contingent consideration based on future sales.
The acquisition is expected to see Twin Vee incorporate its composite construction and design practices into the Bahama line. Twin Vee, located in Fort Pierce, Florida, produces boats used for fishing, cruising, and recreational purposes. It manufactures power sport boats and focuses on composite materials.
Twin Vee reported a ‘challenging’ 2024, but saw its stock surge again after Q1 2025 results showed a 92 per cent increase in its Q1 2025 revenues, compared to the previous quarter.
“Moving forward, Bahama Boat Works under Twin Vee will continue to craft highly refined boats for discerning owners who demand the absolute best,” says Joseph Visconti, CEO and president of Twin Vee PowerCats Co. “From signature screwless hardware and flush-mount finishes to integrated state-of-the-art marine electronics and optimised hull designs, these boats will embody both tradition and progress.”
Boatbuilder Scott Henley, who has been a long-standing figure at Bahama Boat Works as partner director of sales and marketing, will remain with the company.
In March, Visconti spoke out in support of Trump’s trade tariffs, saying that he believes such tariffs are an “incredibly positive and necessary tool for strengthening American manufacturing and securing the long-term economic health of the United States of America.”
