SAN DIEGO, March 9, 2017 /PRNewswire/ -- FlyDive, the preeminent U.S. manufacturer of recreational hydroflight watersports products, today announced the acquisition of a leading hydroflight company based in Austin, TX, Aquafly, for an undisclosed sum. Aquafly provides world-class hydroflight athlete training, entertainment event production and product sales.
Founded in 2012 and located on Lake Travis near Austin, Texas, Aquafly has grown to become one of the driving forces in the emerging hydroflight industry, offering water jetboard and jetpack sales and rentals, pro athlete training for international competition, and full-service production of captivating water acrobatic shows. Team Aquafly athletes have achieved more podiums in competition than any other hydroflight team in the world, and the Aquafly Show Team has entertained millions at corporate gatherings and press events for global brands, political events, and even on the hit TV show, America's Got Talent. Show capabilities have expanded to include visually stunning high-tech nighttime exhibitions, complete with lighted LED suits and lasers.
Aquafly founders, Bobby and Gretchen Vance, are looking forward to joining the FlyDive team to further develop equipment sales channels, build world-class exhibition events, and forge strategic partnerships with top brands focused on attracting active lifestyle consumers.
Bobby Vance, FlyDive's new Vice President of Sales, said, "We are thrilled to be joining forces with FlyDive. Bringing Aquafly's sales and customer training experience together with FlyDive's family-friendly hydroflight equipment will open up huge market exposure, giving consumers easy access to experience the thrill of hydroflight. Personal watercraft (jet ski) dealers and rental operators will enjoy full support with affordable, top-quality hydroflight products, service and professional training, so it'll be easier than ever to offer hydroflight to their customers."
Gretchen Vance is taking a leadership role as Vice President of Corporate Events & Sponsorships, and said, "FlyDive has designed the most affordable, easy-to-use hydroflight products for the mass market, and now, spectators watching our shows will be able to see them in action, underscoring their quality and versatility. Event sponsors will reach hundreds of thousands of active consumers through our hydroflight shows. Hydroflight is taking off, and we're at the front, this is very exciting!"
"This acquisition of Aquafly raises FlyDive's capabilities tremendously. Bobby and Gretchen Vance have trained world-class athletes as well as fun-loving watersports customers, put on incredible shows, and their passion for hydroflight is infectious," said Christos Nicolaidis, CEO of FlyDive. "Our ability to serve dealers, rental operators, customers and even large corporate groups has grown impressively with Bobby and Gretchen on-board. Combined with our recent acquisition of Jetpack America, the Vances will leverage their years of experience to bring hydroflight products, rentals and excitement to watersports customers, plus we'll be producing top-tier exhibitions and corporate events for big brands. We're expanding, diversifying revenue and paving the way for FlyDive's continued growth with this talented team."
Safe Harbor Statement
This press release contains comments that are "forward looking" statements that involve risks and uncertainties; these statements are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Any number of important factors could cause actual results to differ materially from anticipated results, including, but not limited to, the potential for the acquisition to not close by the anticipated date, or at all, due to a variety of factors, including due diligence review.
About FlyDive, Inc.
FlyDive is a San Diego-based manufacturer focused on design, engineering and sales of innovative Hydroflight products. The company is driven by its mission to make Hydroflight easy, safe and accessible for everyone. The company has grown into a global innovation leader in Hydroflight, developing proprietary designs that deliver exceptional, easy-to-learn Hydroflight experiences, and holding the most comprehensive patent portfolio in the industry. With its unparalleled distribution, safety training and instruction systems, dealer support and service, FlyDive has become the choice of premier powersports and marine retailers, rental operators and watersports product distributors. Learn more at FlyDive.com.
Christos Nicolaidis, FlyDive CEO