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Twin Vee PowerCats to Merge with USFM as Marine Business Goes Private

The deal would take the recreational marine business private and is expected to unlock value for shareholders, the company said.

Summary by International Boat Industry
The US builder will merge with mineral developer USFM Corporation while spinning off its Twin Vee and Bahama Boat Works brands into private ownership

3 Articles

Bluefield Daily TelegraphBluefield Daily Telegraph
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Weatherford DemocratWeatherford Democrat
Center

Twin Vee PowerCats Co. Announces Strategic Merger and Concurrent Privatization of its Recreational Marine Business

FORT PIERCE, FL / ACCESS Newswire / July 13, 2026 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a manufacturer, distributor and marketer of power sport boats, today announced that it has entered into a definitive agreement…

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International Boat IndustryInternational Boat Industry

Twin Vee PowerCats to merge with USFM as marine business goes private

The US builder will merge with mineral developer USFM Corporation while spinning off its Twin Vee and Bahama Boat Works brands into private ownership

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Weatherford Democrat broke the news on Monday, July 13, 2026.
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