Ambassadors Int'l acquires owner of Bellingham Marine

Ambassadors International acquired Nishida Tekko America Corp. (NTAC), the 100% owner of Bellingham Marine Industries, a designer, manufacturer and builder of dock facilities. Ambassadors paid $7 million to Nishida Tekko and retired a debt of $6 million. The transaction was completed July 21.

Bellingham Marine manufactures the products Unifloat brand saltwater dock systems, Unideck brand freshwater dock systems and Unistack brand dry boat storage systems.

Founded in 1928 and still based in Bellingham, Wash., the company claims to have built more than 16.5 million square feet of dock systems. It also maintains facilities elsewhere in the U.S. as well as in Australia, New Zealand, Southeast Asia, Europe and Mexico. The company has licensing arrangements in the Middle East and the Far East.

Nishida Tekko America and its 325 employees will be integrated into Ambassadors. 

The acquisition is the latest in a series of purchases that have shifted Ambassadors business focus from its previous character as a travel and events company to a broader focus that includes a substantial domestic river-cruise operation.

With Ambassadors purchase of American West Cruises in December 2005 and Delta Queen Steamboat Co. in April 2006, it created a nationwide American river-cruise operation and became the dominant player in the market.

To contact the reporter who wrote this article, send e-mail to David Cogswell at [email protected].

 

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