Fort Lauderdale-based marine retailer has pursued Chapter 11 proceedings. According to its petition, West Marine, Inc. has more than 100,000 creditors, with estimated assets and liabilities ranging between $500 million and $1 billion.
The 58-year-old retailer is expected to continue operating throughout the bankruptcy proceedings. The company plans to readjust its finances after reaching a restructuring support agreement (RSA) with its lenders.
West Marine, Inc. Seeks Chapter 11 Protection
Amid severe financial pressures, the company voluntarily filed for Chapter 11 on May 17, 2026. The petition, as available on PACER, lists 8 related entities entering Chapter 11, including the company. The entities include subsidiaries and holding companies tied to West Marine’s corporate structure.
- West Marine, Inc.
- Marine One Holdco, LLC
- Marine One Parent, Inc.
- Rising Tide Holdings Inc.
- Rising Tide Parent Inc.
- Seascapes, Inc.
- W Marine Management Company, Inc.
- West Marine Products, Inc.
The proceedings of each of these entities are taking place in the U.S. Bankruptcy Court for the District of Delaware.
West Marine, Inc. is receiving legal representation from attorney Michael R. Nestor of Young Conaway Stargatt & Taylor, LLP. Company CEO Paulee Day signed the petition…