Electric boat and propulsion manufacturer Vision Marine Technologies today announced the acquisition of Florida-based Nautical Ventures Group, which includes dealership, marina and service locations. The deal marks the formation of North America’s first electric propulsion and dealership company, according to a company statement.

“This acquisition marks a pivotal step in Vision Marine’s strategy to scale and compete at the highest level of the global boating industry,” Vision CEO Alexandre Mongeon said in the statement. “The market is entering a new phase — one defined by innovation in propulsion, increasing demand for integrated solutions, and rising expectations from both OEMs and consumers. By joining forces with Nautical Ventures, we gain immediate access to a proven retail and service network, allowing us to accelerate the rollout of next-generation marine technology.”

Nautical Ventures operates nine retail locations across Florida, including two flagship waterfront showrooms. The dealership’s portfolio of brands includes Axopar, Beneteau, Brabus, EdgeWater, Flite, Highfield, Hobie, Mercury, Northstar, Seabob, Smoker Craft, Suzuki, Tohatsu, Wellcraft and Yamaha.

“Nautical Ventures has always focused on bringing the best products and experiences to boaters,” said CEO Roger Moore. “Our partnership with Vision Marine allows us to stay true to that mission while expanding what’s possible. Electric propulsion is no longer a future concept — it’s here, and it’s ready.”