BRP Inc. has confirmed that Australia’s competition watchdog has blocked its proposed sale of Telwater Pty Ltd. to Yamaha Motor Australia, keeping the Australian boat builder under BRP ownership for the foreseeable future.
The Australian Competition and Consumer Commission (ACCC) opposed the transaction, which would have seen Telwater — one of Australia’s largest aluminum boat manufacturers — move to Yamaha control. BRP said it is reviewing the decision and evaluating its options to determine next steps.
In the meantime, BRP will continue to own and operate Telwater, emphasizing that the business remains profitable and well-positioned in the Australian marine market. The company also stressed that the ACCC ruling will not impact BRP’s fiscal 2026 financial guidance.
Telwater markets several well-known Australian boat brands and serves a broad dealer network across the region. BRP said it remains committed to delivering reliable products to Australian consumers while it assesses potential paths forward following the regulator’s decision.
Patrick Industries has completed the acquisitions of Quality Engineered Services (QES) and Egis Group, LLC, according to reporting from Boating Industry.
QES, located in Syracuse, Indiana, manufactures wire harnesses and electrical systems for the marine and RV industries. Egis, based in Bellingham, Washington, develops engineered electrical components and system-level solutions for marine and specialty vehicle applications, offering terminal blocks, battery fuses, circuit breakers, flex relays and power distribution modules.
Patrick shared that combined revenue for QES and Egis on a trailing 12-month basis through November 2025 was approximately $39 million.
“These acquisitions further advance Patrick’s long-term strategy to develop an innovative and custom suite of component solutions for OEMs in the outdoor enthusiast space and the aftermarket, while expanding our capabilities across wiring, engineered electrical components and system-level integration,” says Jake Petkovich, president of marine at Patrick. “Further, QES is strategically located near several major pontoon and RV OEMs, and Egis expands the breadth and depth of Patrick’s engineering talent and capabilities. Together with the scale and focus in our existing businesses, both businesses enable us to deliver a more complete end-to-end solution and a deeper level of service for our customers.”
Consistent with the company’s other acquisitions, QES and Egis will continue to operate under their existing brand names and within their current facilities.
The Marine Retailers Association of the Americas (MRAA) has announced the formation of a Dealership of the Future Task Force. The multistakeholder initiative is designed to confront the intensifying forces reshaping the marine retail business model and to provide dealers with a clear roadmap for long-term success.
The effort comes as dealers face challenges around consumer expectations, advancing technology, growing operational complexity, rising service demands and escalated product pricing. MRAA stated that the traditional retail model, which was built in an analog era, is struggling to meet the needs of the modern boating consumer.
“Over the past couple years, I kept hearing the same signals from every direction,” says Matt Gruhn, president of MRAA. “Dealers and manufacturers alike are challenged by rising customer expectations and have been identifying growing friction points across the ownership journey. It has become more evident that these pressures are not temporary. They are structural. And our industry, both the dealership leaders and their manufacturer and technology-focused partners, need a coordinated, thoughtful response.”
Task force members created their vision for future retail:
“The Dealership of the Future is a trusted gateway to the boating lifestyle, serving as a technology enabled hub and delivering effortless, personalized experiences across every touchpoint — online, in-store and on the water. It blends innovation with human connection to make boating accessible, inspiring and sustainable for all. By fostering community, embracing transparency and collaborating across the industry, it redefines marine retail as a seamless journey that turns customers into lifelong boating ambassadors.”
MRAA shared that this vision shifts the industry from a transactional, negotiation-centered business model toward a relationship-driven, digitally integrated, customer experience focused approach.
Jeremy Anderson, president, Walstrom Marine
Bob Bense, president and CEO, Superior Boat Repair & Sales
Bryce Brown, principal, MasterCraft Colorado
Jani Gyllenberg, innovation and business development manager, Marine Connection
J Hurless, owner, Reeder-Trausch Marine
Joe Lewis, general manager, Mount Dora Boating Center & Marina
Joe Martin, president, BoatJunkie Sales & Service
Eric Smith, general manager and co-owner, Colorado Boat Center
Kim Sweers, managing partner, FB Marine Group
Manufacturer and partner members
Thomas Bates, chief revenue officer, Correct Craft
Ellen Bradley, chief marketing officer, Discover Boating
Jeff Haradine, president, Barletta Boat Co.
Ryan Kloppe, associate director, Lightspeed
Jason Nierman, chief revenue officer, Rollick
Ridgeway Addison, senior director of education
Stevie Cook, certification manager
Matt Gruhn, president
Jerrod Kelley, content manager
Steven Netsch, director of research and strategic insights
Liz Walz, director of learning vision and impact
Over the coming year, the Dealership of the Future Task Force will develop and release a structured series of insights, frameworks and recommendations for dealers and manufacturers.
This roadmap will be supported by MRAA research, educational programming and direct collaboration with the Task Force members, MRAA’s Board of Directors, the MRAA Educational Foundation and MRAA’s Strategic Partners.
“As the marine industry’s leading provider of adult training and education, it’s not only our job to provide insights, guidance and solutions for the challenges and opportunities our industry faces, but it’s also our duty to look out over the horizon and understand the forces that will impact the success of our industry and prepare our industry for them,” Gruhn says. “MRAA’s Dealership of the Future Task Force has been established to do exactly that by defining, designing and driving the transformation of the marine dealership business model to meet the demands of a rapidly evolving consumer, retail and technological landscape.”