Keeping an eye on the natural environment as well as its own growth, Sarasota-based Kali Inc. has narrowed down two businesses in the marine services field to buoy its presence in Florida with potential acquisition.
"Our growth strategy is to quickly expand our market share through acquisitions and opening new markets," Charles Yawn, Kali Inc.’s CEO, said. “Our blueprint is to identify and target acquisitions that provide Kali with increased market presence, strong management expertise, customer reputation and loyalty strengths, diversity of marine services offered and strong supplier relationships.”
Of the two companies currently undergoing assessment, one is a 15-year-old marine mechanical repair, maintenance and installation business with a large customer base and solid wholesale suppliers, while the other is a firm specializing in removing marine growth and surface debris.
“We are in the process of evaluating each company to ensure our criteria are met to execute our strategic plan,” Yawn said. Kali intends to acquire both businesses.
Kali Inc. is a marketing and development company focused on small to medium-sized market cap companies. Its wholly owned subsidiary Wave Marine & Yacht Services is a maintenance company serving the recreational boating sector.