Nadeau’s Marine, Inc. filed for Chapter 11 bankruptcy on September 11, 2026. The Litchfield, Maine-based company has been serving as a boat dealer for more than 25 years. Its case records show that two affiliated entities also made their separate filings.
Note: A Chapter 11 bankruptcy filing is a legal process that allows a business to reorganize its debts, restructure obligations, and continue operating while working toward financial stability. Under Chapter 11, a debtor typically proposes a plan to repay creditors over time, subject to court approval. A Chapter 11 filing does not necessarily mean a business is closing or going out of business. For additional information, readers are encouraged to contact the business directly.
Nadeau’s Marine, Inc. Seeks Chapter 11 Protection
Court filings, as available on PACER, show that the company submitted its petition to the U.S. Bankruptcy Court for the District of Maine. The records identify Nadeau’s Marine, Inc. as a small business debtor, adding that it has opted for a Chapter 11, Subchapter V filing.
This provision typically enables small businesses to manage their bankruptcy obligations in a faster and more cost-effective manner.
The records further show that two affiliates of the company, Eagle Heights General Partner, LLC d/b/a Vinal Energy and Knowles Mechanical, Inc., filed their individual petitions as well.
Case Related Details
Court records list several unsecured creditors of Nadeau’s Marine, Inc., including Kellogg LNS, Nippon Sanso Matheson Inc., Larry Nadeau, and Tohatsu America. The claims include service-related obligations, while the filing does not specify the nature of the claim listed for Larry Nadeau.
A list of equity security holders shows that Arif Shaikh has 100% membership interest in the company.
Attorney Adam Prescott of Bernstein, Shur, Sawyer & Nelson, P.A. is representing the company in the court.
A summary of the Chapter 11 petition is shared here:
- Filing Date: September 11, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of Maine
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-10191
- Estimated Assets: Between $100,001 and $500,000
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: 1-49
About the Company
Nadeau’s Marine, Inc. operates as a locally owned boat and service dealership. The company website shows that it sells both new and used boats, including pontoon and fishing boats, along with outboard motors from Yamaha, Tohatsu, and Mercury.
In addition to boat sales, the company provides repair and maintenance services for boats and outboard motors. Its offerings also include boating parts and accessories, along with winterization and shrink-wrap services.
Previous Filings by Similar Companies
Several boating and marine companies have turned to bankruptcy protection in recent months.
A Camano Island, Washington-based firm submitted its petition on September 8, 2026. Court records showed that the company’s liabilities exceeded its assets. Stanwood Marine, LLC has been offering its boat repair and marine services for around 20 years.
Fastboats.com Sales Company, LLC sought Chapter 11 protection on August 5, 2026. The petition showed that the South Florida company, which is doing business as FB Marine Group, opted for a Subchapter V filing. Services include new and pre-owned boat sales, financing, charter services, vessel management, and yacht brokerage.
On May 17, 2026, a marine retail company filed for Chapter 11 proceedings. Case records showed that the Fort Lauderdale firm had over 100,000 creditors and aimed to reorganize finances through an RSA with its lenders. The company has been offering its services for around 58 years.
As Nadeau’s Marine, Inc. joins this list, upcoming proceedings are expected to bring more clarity regarding its financial position.
