The boat-sharing company Boatsetter has acquired its competitor, Boatbound, to create a larger peer-to-peer boat-sharing organization. Combined, it’s estimated that the two companies will surpass 10,000 boat rentals by the end of this year. Boatsetter decided to acquire Boatbound in order to prepare for its international expansion plans in 2018.
“Our goal is to dominate the U.S. boat rental market to make boating more affordable and accessible for consumers nationwide, no matter what type of boating experience they are seeking,” says Boatsetter Co-Founder and CEO Jaclyn Baumgarten.
For more information, visit boatsetter.com.
