Portland Yacht Services owner Phineas Sprague Jr. purchased Gowen Marine, a boat repair business that has been a 2-acre fixture on the waterfront in Portland, Maine, for more than 50 years.
Sprague sold his 10-acre Portland Co. Marine Complex on the eastern end in late July and closed the following week on separate purchase and lease agreements for 23 acres where he plans to relocate his Portland Yacht Services boatyard, according to Mainebiz, a New England business journal that spoke recently with Sprague. Read more at Sounding Trade Only.
