Mergers, Acquisitions & Exits – Page 39
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News
Major insurance deal stands to consolidate superyacht insurance
Two global insurance brokerage concerns, both very active in the superyacht market, may join forces as the result of a $30bn takeover approach by Aon to buy Willis Towers Watson. If the deal is completed, it would see the world’s second and third largest insurance brokerage business coming together to ...
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NewsSouthern Marinas expands footprint in Florida market
Fish-Tale Marina in Fort Myers Beach, Florida, is the latest acquisition of North Palm Beach, Florida-based Southern Marinas, which closed on the property February 20.
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NewsFLIR to sell-off Raymarine
The thermal imaging specialist said it was undertaking a restructuring program and a formal process to evaluate divesture of Raymarine’s non-thermal maritime electronics business – a ‘best in class’ asset
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NewsYanmar buys Italian gyro stabilisation firm
Japanese engine manufacturer Yanmar has entered the gyro stabiliser market following the acquisition of Italy-based Smartgyro Srl for an undisclosed sum.
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NewsEP Barrus acquires Blue Gee brand
UK-based marine equipment distributor expands product portfolio
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NewsHistoric Italian brand re-enters yacht market
Iconic Italian boatbuilder Falcon Yachts has re-entered the market following its recent acquisition by T-Quest Holdings of the Middle East.
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NewsUK marine electronics specialist sold
UK-based marine electronics services specialist, Charity & Taylor, has been acquired by Aage Hempel Group, one of the largest marine electronics groups in Europe, and a subsidiary of Grupo Arbulu. Aage Hempel also has a dedicated division within its operations which comprise 120 office worldwide.
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NewsTokio Marine Holdings completes Pure Group acquisition
The acquisition of Privilege Underwriters Inc and its subsidiaries, which are collectively known as the Pure Group, has recently been completed by Tokio Marine Holdings, the leading international insurance business. Tokio paid $3.1bn to buy the Pure Group.
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NewsOCIBAR acquires Spanish superyacht marina
OCIBAR, the Spanish marina management company, has significantly expanded its operation with the acquisition for an undisclosed sum of the Port Tarraco superyacht marina in Tarragona. The purchase was made from the Qatari Diar Fund, which is linked to Qatar’s sovereign wealth fund.
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News
Harbour Group buys SHF
Harbour Group has expanded its manufacturing and distribution capabilities with the acquisition of SHF, a supplier of stainless adaptors, fluid power fittings, instrumentation fittings and valves to a variety of industries, including marine, manufacturing, chemical, and oil and gas.
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NewsT-H Marine acquires US distributor
Alabama, US-based marine equipment supplier T-H Marine Supplies has acquired First Source Marine, a Florida-based wholesale distributor specialising in sporting goods equipment.
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NewsDogus sells 50% stake in Greek superyacht marina
The 50% stake in the Athens superyacht facility, Flisvos Marina, owned by Turkey’s Dogus Group has reportedly been sold to Lamda, owner of the remaining 50% share. According to Greek newspaper Kathimerini, the sale was achieved through an agreement that Lamda had with Dogus, giving the former a first refusal ...
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NewsSafe Harbor acquires Siesta Key Marina
Safe Harbor Marinas in the US has purchased the Siesta Key Marina, the only full-service facility in Sarasota, Florida. The purchase is the Dallas-based company’s 12th Florida property and is approaching 100 properties overall, which Safe Harbor claims makes it the largest marina owner-operator in the US. The 1.7-acre property ...
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NewsBavaria Yachts buys Greenline Neo series to enter the outboard market
German boatbuilder Bavaria Yachtbau GmbH has announced that it will add outboard motorboats to its current lineup of sailboats, inboard motorboats and catamarans with the addition of the Greenline Neo series, acquired from the Slovenian SVP Yachts Shipyard. The sale will be completed in March.
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News
Mailspeed Marine sold
Pirates Cave, a UK chandlery based in Kent, has acquired the Mailspeed Marine brand from Friday Media Group. Included in the acquisition is the website, mailspeedmarine.com, which will be merged with piratescave.co.uk.
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NewsD-Marin to be acquired by private equity fund
A multimillion-euro deal of undisclosed value has been made by the Luxembourg-headquartered private equity business CVC Partners to buy the D-Marin arm of the Turkish Dogus Group. D-Marin, which is registered in the Netherlands, operates 15 marinas in five Mediterranean and Middle East countries. This transaction will be finalised upon ...
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NewsUS marina operator tests the waters for US$2bn sale
Insiders with knowledge of the matter tell Bloomberg News that American Infrastructure Funds (AIF) is exploring the sale of its Dallas, Texas-based Safe Harbor Marinas, expecting to fetch more than $US2bn for what is touted as the largest marina operator in North America.
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NewsDiscovery Yachts Group restructures under newly formed holding company
Yacht model range simplified to help in rescue and taking the company forward
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NewsLippert expands its footprint in the window segment & Europe
The US-based equipment manufacturer Lippert Components announced completion yesterday of its acquisition of the Polyplastic Group, a Dutch specialist in acrylic window and door products
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NewsYPI CREW acquires Edmiston Recruiters
Yacht crew recruitment firm YPI CREW has acquired the recruitment division of Edmiston, taking on all ongoing crew placement. As of January 1, 2020, Edmiston transferred its recruitment team of four to YPI CREW, taking the total YPI CREW team to 16.
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