Brownie's Marine Group Business Summary

Brownie’s Marine Group, Inc. (BWMG) generates revenue through the design, manufacture, and global distribution of specialized diving and high-pressure breathing air systems. Its business model is vertically integrated, encompassing wholesale and retail sales across five primary segments: Legacy Surface Supplied Air (SSA) products under the "Brownie’s Third Lung" brand, High-Pressure Gas Systems (YachtPro and LW Americas), Ultra-Portable Tankless Dive Systems (BLU3), Redundant Air Tank Systems (Submersible Systems, Inc.), and Guided Tour Retail. As of 2026, the company has strategically pivoted toward a battery-powered ecosystem, highlighted by its Sea Lion and Nomad lithium-ion platforms and 48V DC automated tank-filling systems. BWMG competes directly with niche manufacturers such as PowerDive, Nuvair, and Air Dive; it maintains a dominant market position as the premier integrator for yacht-based compressor systems and the exclusive Americas distributor for Lenhardt & Wagner (L&W) industrial compressors. The company was founded in 1969 by W.C. Brown and is currently led by Chairman and CEO Robert M. Carmichael, who joined as the first employee before acquiring the firm in 1985. Carmichael, a veteran diver and marine engineer, also serves as the Chief Financial Officer, overseeing the company’s recent relocation to a 19,000-square-foot climate-controlled facility in Davie, Florida. The leadership team includes Blake Carmichael, who serves as the CEO of the BLU3 subsidiary and co-leads the group’s engineering and innovation department. Notable board influence includes Director Charles Hyatt, a significant long-term investor and financier. The executive team is further supported by Director of Sales Stacy Wall and investor relations lead Andrew Barwicki, focusing on a 2026 growth strategy centered on channel expansion and the integration of premium electric watersports partnerships like Awake Boards.