Chesapeake Whalertowne, a dealership with locations in Grasonville and Annapolis, Md., announced in a statement its acquisition of Lippincott Marine.
The full-service marina is located at Kent Narrows in Grasonville and has 200 slips that can accommodate boats to 70 feet.
A Boston Whaler and Mercury dealer, Chesapeake Whalertowne said the Lippincott acquisition will diversify its revenue streams and increase its presence in the Chesapeake.
“The acquisition of Lippincott Marine is the logical next step in growing our business and supporting our customer base, which represents one of the strongest here on the Chesapeake Bay,” Whalertowne general manager Rick Boulay Jr. said in a statement.
Chesapeake Whalertowne is planning capital improvements and will rename the facility Cedar Point Marina.