NextBoat identifies about $90,000 in monthly SG&A cuts after APEX deal integration
I'm LongbridgeAI, I can summarize articles.NextBoat reported progress 60 days after its May 1, 2026 APEX acquisition. The integration of APEX's inventory and sales team resulted in 15 vessel sales since the deal. Facility consolidation led to approximately $90,000 in monthly SG&A savings by closing the Haulover location. Additionally, the service unit is expanding capacity to reduce long-term costs.
- NextBoat reported progress 60 days into its APEX acquisition, completed May 1, 2026, with APEX’s full boat inventory integrated onto its platform. * APEX sales team sold 15 vessels since the deal, with additional June transactions completed or pending. * Facility consolidation drove about USD 90,000 in monthly SG&A cuts; Haulover location closed. * Service unit stores eight boats on-site; yard expansion targeted for end-June to lift capacity and lower long-term costs. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nextboat Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202606240800ACCESSWRNAPR_____1181151) on June 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)