Larry, Sherry and Randy Tague of Lake Viking Marine.
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By Troy Lesan
“It’s been a great run, and we want to extend a big thank you to the Lake Viking owners and the great people who have been our customers,” said owner Larry Tague, as he announced the sale of Lake Viking Marine. Larry is looking forward to spending more quality time with family, and traveling. When he became part of the ownership group of Lake Viking Marine in 1988, the company had annual revenues of $200,000 and had experienced bankruptcy. In recent years revenues have been around $6 million and the company has 15 employees.
The Marine Sales Group Inc. announced on March 31 that it has acquired Lake Viking Marine Inc. Randy Tague will continue to operate Lake Viking Marine as a member of the Marine Sales Group.
“Lake Viking begins the next step in our strategy to accelerate growth and expansion with an increased focus on acquisitions,” stated Mike Tutor, president of Marine Sales Group. “We are excited to partner with Randy and Lake Viking and the business that the Tague family has successfully built and operated since 1988.”
“With our shared brand lines and business philosophies, partnering with Marine Sales was an easy decision,” said Randy Tague. “We will continue to operate locally as Lake Viking Marine, but this merger will provide us greater benefits for our employees and opportunities for our customers.”
Lake Viking Marine Inc. has been in business for almost 30 years. Lake Viking Marine is a National CSI award-winning dealership, NMMA 5-star Certified Dealer, and Boating Industry Top 100 Dealer.
Marine Sales Group Inc is headquartered in Memphis, Tenn., and operates multiple marine dealerships. Marine Sales has been named a Top 100 dealer by Boating Industry magazines and recognized as a 5-star Marine Industry Certified Dealer by NMMA along with other CSI awards. Marine Sales Group Inc. presently owns the Pickwick Marina at Counce, Tenn., and the Kentuckiana Marina at Gilbertsville, Ky.