Marine Development Inc., a company that specializes in marina construction expansions, fuel docks and dockage equipment, yesterday announced its purchase by Mick Webber, the former president/CEO and owner of HydroHoist. MDI was founded in 1991 by Steve and Roger Otis.
“We have such an amazing opportunity here to reach for more growth, while continuing an exceptional legacy laid out by the Otis family,” Webber said in a statement. “As has always been the case with MDI, we will fulfill our promises on time and on budget. I am eager to help MDI and the team focus on long-term sustainability and innovation. The key is retaining and developing the best people in the industry, maintaining exceptional support and delivering outstanding products to new and existing clients.”
Webber has been in the marine industry for more than 35 years. He will lead a team that includes third- and fourth-generation members of the Otis family, Jeff and Jeremy, who will remain involved in day-to-day operations.
“We’re really excited about the future of MDI with Mick and the team at the wheel,” Roger Otis, MDI co-founder, said in the statement. “While we are very proud of what we have established with the MDI brand, having the fresh perspective of an industry innovator will help us continue to grow and develop into the future. I will remain in a consulting role and members of our family will stay involved and continue to help position this company to be the best in the business. We are confident that the MDI and Otis names are in good hands.”
