Performance Inflatables Company Acquires AERE Marine Group

Performance Inflatables Co. LLC, a portfolio company of Pinewell Capital, and AERÉ Marine Group jointly announced today the acquisition of AERÉ Marine Group by Performance Inflatables Co. AERÉ will be maintaining its location in Coral Springs, Florida to continue to service the global boating and yachting market.

AERÉ is a global leader in innovative solutions to protect and enhance the enjoyment of marine vessels with AERÉ Inflatable Fenders, Fenda-Sox Covers and a variety of inflatable dock, mooring, platform products and accessories. “We are looking forward to expanding our reach in the marine inflatable product market as we join the Performance Inflatables companies. Our AERÉ team is excited about this opportunity,” said Gary Abernathy, President and Founder of AERÉ.”

Performance Inflatables is a world leading manufacturer and provider of cutting-edge solutions to Commercial and Military customers based on high performance fabric technologies, creating highly engineered and innovative inflatable products for every environment from the Mariana Trench to Space. The key operating companies of Subsalve USA and AEF have globally recognized positions including 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. We will continue to invest in and grow our capabilities at our North Kingstown RI, Picayune MS, and Coral Springs FL sites.”

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