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P A R T N E R S H I P 2021 was another year of growth for Walstrom Marine. We proudly announced the investments of Continuum Ventures, Pete Beauregard, and James Mestdagh as part of the company’s long-term succession plan. Continuum Ventures, an investment management company for the Doug and Maria DeVos family, assumed a majority ownership stake in Walstrom Marine. Both Pete Beauregard, Jr. of Colony Marine and the James Mestdagh family assumed a minority ownership stake. The Ward Walstrom family will remain actively involved as a minority owner and Tom Ervin remains in his role as President. “We are proud to celebrate our 75th anniversary this year, and in forging these partnerships, we are setting up the business for long-term success over the next 75-years,” said Ward Walstrom, Jr. “This will usher in a new era of boating that gives us greater potential for growth and the opportunity to better meet the needs of an ever-changing market.” This partnership has brought together a passion for the industry, aligned values, and nearly 200 years of combined experience managing familyowned businesses. “Boating, Northern Michigan, and the Great Lakes are near and dear to our family and our hearts,” said Doug
L-R: Tom Ervin, Pete Beauregard Jr., Paul W. Smith, Mike Cazer, James Mestdagh DeVos, founder of Continuum Ventures. “We are honored to now be part of the Walstrom family and look forward to working with Colony Marine and the Walstrom team to be good stewards of this amazing business and company. We are passionate about and interested in growing our presence in the marine industry and are excited for this great partnership.” Pete Beauregard, Jr. and Colony Marine are thrilled to join the Walstrom family, as this partnership further expands their presence on the Great Lakes and enhances their ability to
service customers. “Walstrom Marine is a leader in our industry and has an exceptional track record of superior service, representing many of the best brands in the industry,” said Pete Beauregard, Jr., CEO/Owner of Colony Marine. “We look forward to working with Continuum Ventures and Walstrom Marine in serving the Great Lakes and growing the business.” Under the new partnership, the company will continue to operate under the Walstrom Marine name, honoring the strength and reputation of the brand and the 75-year history of success.
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