Twin Vee PowerCats Acquires Bahama Boat Works

In a move that’s turning heads across the boating world, Twin Vee PowerCats Co. (NASDAQ: VEEE) has officially acquired Bahama Boat Works, the celebrated Florida-based builder of luxe offshore fishing vessels. Think of it like bringing together two trusted old‑school boat families under one modern roof—where tradition meets innovation.

Both companies have been crafting standout boats for decades. Twin Vee is celebrated for its fuel-efficient catamaran hulls, while Bahama has built a reputation around refined center-console designs (35′–41′ range) that embody power, precision, and polished aesthetics. Now, Twin Vee plans to inject its advanced composite engineering, performance‑based hull design, and digital electronics into Bahama’s already solid DNA.

What the Deal Means

Blending Heritage with High-Tech

• Twin Vee promises to preserve Bahama’s signature craftsmanship—from screwless hardware to flush‑mount finishes—while modernizing them with performance‑driven design and advanced marine tech.
• It’s a purposeful partnership: high-end looks and feel meets efficient hulls and smart systems.

Continuity via Scott Henley

• The legendary boatbuilder Scott Henley—longtime Bahama captain of quality—will stay on board to maintain the brand’s soul and consistency.
• That’s a smart move to ensure loyal Bahama customers feel right at home.

Strategic Upside

• Twin Vee acquires premium offshore-fishing assets and product lines in one strategic go, strengthening presence in a fast-growing luxury market.
• This move comes on the heels of a strong Q1 2025 for Twin Vee (91.7% revenue surge) and solid financial footing with more cash than debt.

Inside the Official Word

Joseph Visconti (CEO):

“Moving forward, Bahama Boat Works under Twin Vee will continue to craft highly refined boats for discerning owners who demand the absolute best… a perfect harmony of timeless form and future‑forward function.”

That quote captures the game plan exactly: honor tradition, but don’t be afraid to innovate.

Market Context & Future Outlook

Bahama 41

• Financial media reports that the acquisition includes both physical and intellectual assets, with an initial payment of $100k plus up to $3M contingent on future sales.
• Analysts note Twin Vee is well-positioned to maximize the deal thanks to its strong balance sheet and recent performance .
• The marine community is watching—can this acquisition deliver a fresh wave of premium vessels that satisfy both collectors and tech-savvy anglers?

Final Thoughts

This isn’t just a reshuffling of brands—it’s an intentional fusion of two design philosophies. With Bahama’s tradition-minded build quality and Twin Vee’s innovation-first engineering, this acquisition has serious potential to reshape the offshore fishing boat landscape.

Longtime Bahama enthusiasts can breathe easier now that Scott Henley remains involved, and twin-hull fans might soon find themselves checking out center-consoles with a fresh perspective. This one’s worth adding to your VesselStar reading list as it evolves further.