Performance Inflatables has acquired the AERÉ Marine Group.
AERÉ, which was founded in 1998 as PRAKTEK, produces solutions to protect and enhance the enjoyment of marine vessels with products including inflatable fenders, Fenda-Sox fender covers and a variety of inflatable dock, mooring and platform products.
“We are looking forward to expanding our reach in the marine inflatable product market as we join the Performance Inflatables companies,” said Gary Abernathy, president and founder of AERÉ. “Our AERÉ team is excited about this opportunity.”
Performance Inflatables is a manufacturer and provider of inflatable products to commercial and military customers based on high-performance fabric technologies.
Its key operating companies of Subsalve USA and AEF provide buoyancy solutions, water load testing, pneumatic lifting, agile liquid logistics solutions, and the skirts for the US fleet of air cushion vehicles.
“We are thrilled to have AERÉ join the Performance Inflatables portfolio of companies,” said Richard Heath CEO of Performance Inflatables.
“The businesses have complimentary capabilities but most importantly, we share a similar culture that is dedicated to customers, quality, and innovation.
“The addition of Gary and Vicki Abernathy along with the entire AERÉ staff to our team, with over 45 years in related businesses, will unleash further potential across the entire portfolio of innovative solutions and enhance our customers’ experiences and ability to solve difficult challenges.”
And he said the organisation will continue to invest in and grow its capabilities at its North Kingstown RI, Picayune MS, and Coral Springs FL sites. Performance Inflatables is a a portfolio company of Pinewell Capital.