Bass Pro Group, a huge boat and outdoor retailer, has acquired five Crystal-Pierz Marine stores, including three in Minnesota.
The company will retain the Crystal-Pierz name but will stock its own aluminum and fiberglass boats in the stores before spring arrives, Bass Pro spokesman Larry Whiteley said Tuesday.
Many boat manufacturers and retailers have struggled during the recession as consumers pared back to all but the basics. Big-ticket items have been particularly hard to sell.
Crystal-Pierz was in tough shape even before the financial markets collapsed. It closed six of its 12 stores in July 2008.
Crystal-Pierz President Luke Kujawa could not be reached Tuesday for comment.
Whiteley didn't release terms of the deal, noting that both companies are privately held.
The Springfield, Mo.,-based company purchased Crystal-Pierz stores in Shakopee, Brainerd and Ramsey, as well as Rice Lake, Wis., and Fargo, N.D. Crystal-Pierz will still own two other stores.
Whiteley said Bass Pro was attracted to the deal because it doesn't have stores in Minnesota and Crystal-Pierz is well-known and has offered good service for customers. "That's a valuable name up there," Whiteley said. "It's been around a long time."