What is Packard Marine?
Based in the vicinity of Lake Winnipesaukee, Packard Marine serves as a critical infrastructure provider for the regional boating community. The company specializes in a holistic range of maritime services, including professional boat repair, hauling, and secure storage solutions. Beyond maintenance, the firm facilitates brokerage services and maintains an extensive inventory of inboard and outboard motor components. By catering to the specific needs of boat owners in the Lakes Region, Packard Marine has established itself as a reliable partner for vessel lifecycle management, operating with a consistent Monday through Friday schedule to meet high seasonal demand.
How much funding has Packard Marine raised?
Packard Marine has raised a total of $23K across 1 funding round:
Debt
$23K
Debt (2021): $23K with participation from PPP
Key Investors in Packard Marine
PPP
Public-Private Partnership
What's next for Packard Marine?
With the recent influx of capital, Packard Marine is entering a pivotal phase of operational scaling. The strategic deployment of these funds will likely focus on enhancing hauling capacity and expanding storage facilities to accommodate the growing number of vessels in the Lakes Region. As the company transitions through its current growth stage, management is expected to prioritize the modernization of its repair workshops and the optimization of its supply chain for motor parts. This expansion effort is designed to fortify the company's market share, ensuring that Packard Marine remains the primary service provider for boat owners seeking high-quality, reliable maintenance and logistics support in Northern New Hampshire.
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