API Marine

As a remanufacturing business, API Marine was established in 1963 by Howard Yasgar and Don Chaite in Miami, Florida. The company's main goal was to provide marine dealers with an inexpensive substitute for new OEM starters, alternators, power trim/tilt motors, and pumps. The management team of API, Brian & Richard Schneider, acquired API Marine's assets and intellectual property in 1996 and moved the company to Fort Lauderdale, Florida.  The firm changed from being a remanufacturer to a provider of only brand-new items to marine distributors and OE clients like OMC and Mercury during the course of the following ten years.