ATLANTA – October 31, 2022 — Morris, Manning & Martin advised Stellar, the ultimate boat rental reservation platform, in an agreement to be acquired by Storable and Molo. The financial terms of the agreement were not disclosed.
Atlanta-based Stellar will join Molo and the Storable family of companies to unlock new potential for clients by adding a powerful new feature for boat rental management and boat club software. Combining Molo’s marina management software with Stellar’s rental management solution brings everything a marine operator needs to run their business into one system. There is now the opportunity to integrate marine business line solutions and leverage the best of Molo and Stellar, providing clients with more avenues for profitability. Both Molo and Stellar have shared similar goals with a commitment to the operator experience.
Molo’s goal has always been to level the playing field for all kinds of operators through leveraging technology in the marine industry. And for years, Stellar has been focused on making boat rental online booking easy for operators. This aligns perfectly with Storable’s mission to empower business owners by making their jobs easier and more effective. Storable is based in Austin, Texas.
The MMM team is led by Nick Rueter with Jennifer Feld, Harris Howard and J.D. Hawkins in Atlanta. The agreement was announced on October 31, 2022.
