Kelowna, British Columbia-based fibreglass boatbuilder Campion Marine has been sold to Edmonton, Alberta-based KV Private Equity.
Moving forward, the organisation will be led by Lorne Nakonechny, who takes the reigns as CEO effective immediately. Former Campion president and general manager, Brock Elliott, will remain with the company as an advisor during the ownership transition before taking retirement. No other personnel changes at the company are anticipated.
Founded in 1947 and operated as a family-owned business, Campion Marine manufactures a diverse range of fibreglass bowriders, fishing boats and sport boats from its modern manufacturing facility in Kelowna. The company, which manufactures 37 boat models in 48 variations, boasts an enviable dealer network with distribution in more than 30 countries. Campion has a long history of innovation and environmental initiatives, and won the Innovation in a Production Process category in the 2017 Boat Builder Awards at METSTRADE.