OvareVentures Expands Outdoor Brand Portfolio With Purchase of Gull Lake Boat Works


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Los Angeles, California (October 21, 2021) – OvareVentures adds outdoor and better living brands to its portfolio with investment in Toronto-based company Gull Lake Boat Works, custom builder and restorer of canoes and kayaks.

Gull Lake Boat Works was founded in 2008 by owner and operator Marc Russell. Russell apprenticed with master builder Ron Frennette of Candian Canoes, where he learned the craft of hand-crafted wooden shipbuilding. Gull Lake Boat Works began when Russell was asked to replace the aging canoe fleet at Camp Kilcoo (one of Canada’s most respected camps on the shores of Gull Lake), which he frequented for 20 years as a camper and staff, as a program director.

Today Russell and the team at Gull Lake combine traditional designs, modern methods and meticulous craftsmanship to create unique boats that are as beautiful to look at as they are fun to paddle. Toronto-based Gull Lake Boat Works has been featured in Chalet life review and Arts & Crafts Design, Italy.

OvareVentures is part of OvareGroup, a private holding company that brings together a venture capital firm and companies specializing in content development, marketing technology and strategic services.

OvareGroup Outdoor President Kara Anastasiadis said, “Nothing beats the quality and craftsmanship of a handmade wooden boat and those of Gull Lake Boat Works are one of a kind. We look forward to helping them rapidly scale their operations and production to reach a wider audience. “

OvareVentures has actively expanded its outdoor brand portfolio through acquisitions, investments, and the launch of direct-to-consumer brands, including:

About OvareVentures

OvareVentures is a dedicated growth initiative of OvareGroup. OvareVentures builds, acquires and invests in companies that can benefit from the working synergy of the OvareGroup service suite. OvareVentures aligns with companies through direct investments or work positions to realize business opportunities and increase return on investment. Learn more about ovareventures.com.

About Gull Lake Boat Works

Founded in 2008, Gull Lake Boat Works of Toronto builds custom wooden canoes and kayaks and specializes in the restoration of wooden boats. Learn more about glbw.ca/.

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