Mergers, Acquisitions & Exits – Page 40
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Pon Holdings acquires RH Marine Group
Pon Holdings is acquiring all of RH Marine Group by buying the majority stake that private equity firm Parcom Capital holds in the Dutch marine services provider. The two companies became joint shareholders in 2015.
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Kiwi boatbuilder Naiad sold
Business to be acquired by its east-coast Australian builder partner, Yamba Welding & Engineering
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Catana Group acquires Tunisian shipyard
After a fifth year with average annual growth over 50% and an order book that will result in exceeding the threshold of €100m in revenue this year, the Catana Group has just signed an agreement to acquire a majority stake in Magic Yachts.
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New owner for SEA magazine?
US-based marine publishing and marketing veteran Arnie Hammerman says he is in the process of taking over the publishing of SEA magazine from Duncan McIntosh Company Inc, as well as Boating World. Both magazines ceased publication last week.
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Safe Harbor acquires US marina
An historic New Hampshire shipyard is the latest in a string of acquisitions by Safe Harbor Marinas, though the company remains tight-lipped about the purchase.
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Lalizas acquires Italian liferaft manufacturer
The Lalizas Group of companies has acquired Arimar, a European leader in the production of state-of-the-art liferafts.
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Lippert continues on acquisition path
American component supplier Lippert Components has acquired electric-powered Bimini specialist, PWR-ARM, one of many acquisitions in the marine equipment segment which the company has targeted for diversification
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Cornes Chart Group buys digital navigation provider
Two leading suppliers of navigation charts, software and equipment have joined forces to create what is claimed to be the largest charts supplier in the world. Cornes Chart Group has acquired navigation systems supplier GNS. The deal follows Cornes’ acquisition of US and Singapore-based Safe Navigation earlier this year to ...
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Weatherford Capital makes third multimillion-dollar investment in Safe Harbor
Safe Harbor Marinas has received a US$41m infusion of cash from Weatherford Capital, the third multimillion-dollar investment from the Tampa, Florida-based private equity firm since 2017.
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Digital navigation firms merge
Around 500 superyachts stand to benefit from a merger between UK-based ChartCo and Canada’s Marine Press. The get-together creates a major new force in the provision of global digital navigation solutions and will operate under the OneOcean brand name.
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Safe Harbor adds 90th marina
Safe Harbor Marinas’ acquisition streak hasn’t seemed to slow any, as the Dallas, Texas-based marina network operator added a second property in as many months to its portfolio.
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British boating magazines sold as part of £140m deal
TI Media (the former IPC Media Group and later Time Inc UK) has been sold by the Epiris private equity company to Future PLC, a UK-based publisher of consumer magazines and websites.
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X-Yachts buys Swedish powerboat builder
Danish sailboat producer X-Yachts has entered the powerboat market with the acquisition of HOC Yachts in Sweden.
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Inmarsat takeover gets green light
The UK government has given its approval for the £2.6bn takeover bid for Inmarsat, the UK’s largest satellite company, to go ahead. Inmarsat is a leading player in the maritime communications sector, including yachting where it is currently looking to grow its involvement.
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Ireland Afloat buys Glasgow-based Yachting Life
The Irish online yachting news outlet, Afloat.ie, has recently acquired Scottish boating magazine Yachting Life, the future of which was in doubt following the takeover of the company by a large international publishing group headquartered in Germany.
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Singapore government moves to take over Keppel and Sembcorp Marine
The Singaporean government is bidding to acquire a controlling stake, using its Temasek Holdings investment arm, in Keppel Corporation – a large, diversified business group with significant marine activities in shipbuilding and the offshore sector. The marine interests include Marina at Keppel Bay, one of Singapore’s key yacht marinas.
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Lippert Components acquires SureShade
US-based parts and accessories manufacturer Lippert Components Inc (LCI) announced late Monday that it has acquired Rodan Enterprises LLC, manufacturer of the SureShade brand of retractable sunscreens.
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Pacsoft International sold
Jonas Software has acquired marina management software specialists Pacsoft International for an undisclosed sum.
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UK Docks buys Royal Clarence Yard
UK Docks, a British ship repair firm with facilities on Tyneside, Teesside, Plymouth and Gosport, recently acquired the 5.7-acre Royal Clarence Yard in Gosport, a former military site that offers access to deep water.
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Matrix Yachts files for liquidation
Cape Town luxury catamaran builder Matrix Yachts has applied for voluntary liquidation in the Cape Town High Court.