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South Florida newspaper ranks marine businesses for first time

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The South Florida Business Journal has published its first lists of marine industry businesses, one by revenue, another by employees.
Wartsila North America, makers of diesel engines and generators, topped the revenue list with $5.24 billion in 2014, leagues ahead of any other marine company on the list.
The second-ranked company is Yachting Promotions/AIM Marine Group, producers of several boat shows including the Fort Lauderdale International Boat Show, with $61.5 million in revenue last year.
Yacht builder Hargrave Yacht Brokerage and Charter landed third with $53 million in revenues last year.
Rounding out the top five include Beacon Group, a marine insurance company with revenues of $40 million, and Nautical Ventures Group, seller of yacht tenders and toys with revenues of $35 million.
In terms of employees, JL Audio employs 320 in its marine and auto audio company. Loggerhead Marina and MarineMax tied with 230 employees each. Rounding out the top five with 200 employees each are ACR Electronics, manufacturers of emergency and safety equipment, and Dometic, makers of A/C, ventilation and sanitation systems, watermakers, air purifiers and refrigerators.
The lists include only those companies that chose to submit information and may not include all South Florida marine businesses that qualify.
“Our industry has never had a list,” said Phil Purcell, executive director of the Marine Industries Association of South Florida. “We have to retrain ourselves to be part of the business world. If you want to have influence in our community, we have to participate in the traditional ways to show the relevance of our industry. With those things come the opportunities of recognition. Not with a pat on the back, but consideration when things like the train or dredging come up.”
— Lucy Chabot Reed

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About Lucy Chabot Reed

Lucy Chabot Reed is publisher and founding editor of The Triton.

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