Who Owns Mercury Marine?
Mercury Marine is a renowned manufacturer of marine propulsion systems, including outboard motors, sterndrives, and inboard engines. The company has been in operation for over 80 years, and its products are used by recreational boat owners, commercial fishermen, and the U.S. military. But who owns Mercury Marine? Let’s dive into the history and ownership structure of this iconic company.
History of Mercury Marine
Mercury Marine was founded in 1939 by Carl Voss and his brothers, who had a passion for boating and a vision to create high-quality marine engines. The company started out as a small operation in Fond du Lac, Wisconsin, but quickly grew in popularity due to its innovative designs and exceptional performance. Over the years, Mercury Marine has become synonymous with power, reliability, and durability, earning a reputation as one of the most trusted brands in the marine industry.
Current Ownership Structure
Mercury Marine is currently owned by TerraMar Capital, a private equity firm that specializes in investing in and growing businesses in the industrial and manufacturing sectors. TerraMar Capital acquired Mercury Marine in 2011 from Brunswick Corporation, a publicly traded company that had owned the brand since 1986.
TerraMar Capital
TerraMar Capital is a private equity firm that focuses on investing in companies with strong growth potential and a focus on innovation. The firm was founded in 2007 and has since invested in a variety of businesses across the industrial and manufacturing sectors. In addition to Mercury Marine, TerraMar Capital’s portfolio includes other notable companies such as Cummins Power Generation and Columbus McKinnon.
Benefits of Private Ownership
While Mercury Marine is no longer publicly traded, its private ownership structure has allowed the company to maintain its focus on innovation and customer satisfaction. Private ownership has also enabled the company to make decisions quickly and efficiently, without the burden of public shareholders. This has allowed Mercury Marine to invest in research and development, expand its product offerings, and improve its manufacturing processes.
Mercury Marine’s Product Lineup
Mercury Marine offers a wide range of products, including:
- Outboard Motors: Mercury’s outboard motors range from 2.5 to 600 horsepower, and are designed for recreational boating, fishing, and commercial applications.
- Sterndrives: Mercury’s sterndrives are designed for boats with inboard power, and offer a more compact and efficient alternative to traditional inboard engines.
- Inboard Engines: Mercury’s inboard engines range from 150 to 1,800 horsepower, and are designed for high-performance boats and commercial applications.
Key Statistics
Here are some key statistics about Mercury Marine:
- Revenue: $2.5 billion (2020)
- Employment: 7,000 employees worldwide
- Manufacturing Facilities: 12 facilities worldwide, including the United States, China, and Europe
- Product Range: Over 1,000 products, including outboard motors, sterndrives, and inboard engines
Conclusion
In conclusion, Mercury Marine is owned by TerraMar Capital, a private equity firm that specializes in investing in and growing businesses in the industrial and manufacturing sectors. The company’s private ownership structure has allowed it to maintain its focus on innovation and customer satisfaction, and has enabled it to make decisions quickly and efficiently. With a wide range of products and a global presence, Mercury Marine is well-positioned for continued success in the marine industry.
References
- Mercury Marine website
- TerraMar Capital website
- Brunswick Corporation website
- Cummins Power Generation website
- Columbus McKinnon website
