The latest news from around the world on mergers, acquisitions and exits across all sectors of the boating industry.
Mergers, Acquisitions & Exits
MarineMax FQ3 profits and margin up despite drop in revenue, same-store-sales
US boat retailer posts 9.2% gross profit increase as inventory normalisation and tariff refunds boost margins
Swiss bank Julius Baer more than doubles first-half profits
The Zurich-based wealth manager maintains strong yachting sector ties through UHNWI services and event sponsorships including Yacht Club de Monaco
Floating Life strengthens collaboration with Sunreef Yachts
Exclusive event held in Zurich to promote the Polish multihull builder
Next Yacht Group acquires metal fabrication specialist
The deal, backed by a €20m investment plan, will expand production capacity for Maiora and AB Yachts’ metal superyacht lines across facilities in La Spezia and Pisa
Azimut-Benetti Group denies interest in buying TISG
The Italian builder has clarified it is not interested in acquiring The Italian Sea Group, though it remains open to considering specific assets
Nautic Center co-founder Marta Espígol dies
Spanish marine industry figure remembered for her contribution to the development of the country’s nautical sector
Seven Yachts hires charter director to drive EU expansion
Jochem Eenkhoorn joins the UAE-based company to expand its global reach and enhance its client-focused luxury yacht charter services
Regal Boats appoints Washington State dealer
Union Marine will represent the builder’s Express Cruiser and Yacht ranges
Balance Catamarans launches final 442 to make way for new model
Onda is the last of the 442 line, which produced 30 hulls but now makes way for the Balance 464
Mitie Group agrees £3.1bn acquisition by OCS Group International
The UK company manages marina facilities, port security and provides superyacht concierge services
Business as usual for Dubai-based superyacht refit firm
IBI’s Middle East correspondent visits Autore, a specialist in superyacht refit and repair
RAD Propulsion expands in North America with US sales appointment
Marine propulsion specialist names Sean Wilson as US sales manager as it continues to build its commercial presence in the world’s largest leisure marine market
EBI energy transition roadmap has coastal, inland marinas in its sights
Alaskan community launches 27-vessel clean-up
Former British Marine president, ICOMIA vice chairman dies
Cruisers Yachts grows Mexican dealer network
Lumitec achieves ISO 9001:2015 certification
MB92 explores intelligent refit technologies in new report
Paris show on track for November
Northrop & Johnson broker dies after 50-year career in yachting
TISG CEO Giovanni Costantino steps down amid company challenges
Turkish shipyard ends partnership with Nordhavn Yachts after 55 builds
Leadership change at World Cat
VMG unveils details of first 16m trimaran
Croatian dealer opens Monaco office to expand Mediterranean presence
Petition targets Starlink’s new international roam restrictions
Investors confirmed for Smart & Sustainable Marina Innovation Awards
Former Wellcraft president, Marine Concepts founder dies
Bluegame unveils new BG64 model ahead of Cannes debut
Aquavista appoints chief operating officer
Fountaine Pajot launches new brokerage brand
Freedom Boat Club expands in France
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