We are pleased to announce the sale of ShoreMaster, LLC to an affiliate of Invision Capital.
ShoreMaster, based in Fergus Falls, MN, is the premier designer, manufacturer and marketer of high-quality products which help people enjoy their waterfront experience to the fullest. ShoreMaster’s full line of boat lifts, boat docks and accessories provide solutions for any climate, water type and waterfront bottom.
This sale is the culmination of a successful partnership between High Street Capital and ShoreMaster’s management team which began in 2013. Together, we completed the carve-out from the company’s previous public company owner, expanded the dealer network and invested in manufacturing and other efficiencies to grow both the top and bottom lines.
Don Hurley, ShoreMaster’s President & CEO, noted, “We are eternally grateful for the support of High Street Capital not only as investors but as partners in our journey of becoming North America’s premier waterfront company. They were a significant part of ShoreMaster’s history as the company transitioned out of the 2008 recession, during the restructuring, and then onto executing against our growth strategy. They believed in us at a time that was difficult for all businesses and they worked with us to create a sustainable company for the foreseeable future.”
The sale of ShoreMaster marks the first exit for High Street Capital IV. We are actively seeking new investment opportunities for High Street Capital IV, and the soon to be launched High Street Capital V, in the areas of outsourced business services, niche manufacturing and value-added distribution. Please contact us for businesses with revenues between $10 million and $100 million where the combination of our capital, experience and ideas could drive future growth.