Mergers, Acquisitions & Exits – Page 43
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NewsCorrect Craft acquires Merritt Precision
Milling company Merritt Precision is the latest acquisition by Correct Craft, which says in a company statement that the Florida-based maker of plugs for the marine, automotive and aerospace industries will be integrated into Correct Craft’s Watershed Innovation subsidiary and function as a standalone business.
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NewsBrunswick’s Freedom Boat Club purchase to ‘shape the future of boating’
Brunswick Corp’s acquisition late last week of Freedom Boat Club (FBC) was “rooted in foresight and where we believe the consumer is going.”
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NewsKVH sells Videotel division to focus on core initiatives
Middletown, Rhode Island-based KVH Industries Inc has sold its maritime training business known as the Videotel group of companies to an affiliate of Oakley Capital for US$90m in order to focus on core strategic initiatives.
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NewsBrunswick to acquire Freedom Boat Club
Brunswick Corp has acquired Venice, Florida-based Freedom Boat Club as part of its strategy to expand its presence in the emerging and fast-growing boat club segment. Terms of the transaction, which is expected to close in the second quarter of 2019, were not disclosed.
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SA builder confirms liquidation of Tag Yachts 50
Tag Yachts’ sister company was initially set up to drive production of South African builder’s new 50ft cat
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Spradling International Marine and Pletcher Sales in strategic partnership
Firms come together coated fabrics and interior solutions to RV Industry
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KAM Marine acquires Northport Bay Boat Yard
KAM Marine is broadening its reach in the upper mid-West US with the purchase of Northport Bay Boat Yard on Lake Michigan’s Grand Traverse Bay.
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NewsBrunswick to sell Life Fitness division
In a move to solidify its position as a pure marine company, Brunswick Corp announced it has entered an agreement with the private investment firm KPS Capital Partner LP for the sale of its Fitness division for US$490m.
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NewsBRP to acquire Australian boatbuilder Telwater
Enters into agreement to acquire 80% of the aluminium boat and trailer builder
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NewsVeethree Electronics & Marine and CANtronik complete merger
Two CANbus display technology specialists come together under Veethree Group brand
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MarineMax completes Sail & Ski acquisition
MarineMax is expanding in Texas, completing the acquisition of Sail & Ski Center, which has three locations in two of the states fastest growing markets of Austin and San Antonio.
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Correct Craft buys Parker Boats
Correct Craft is expanding again, this time, with the purchase of North Carolina-based Parker Boats.
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NewsCape Charles Yacht Center sold
Front Street Shipyard of Belfast, Maine, has purchased the Cape Charles Yacht Center in Virginia, with an eye toward expansion and creating a premiere superyacht refit and service facility.
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NewsKongsberg completes acquisition of Rolls-Royce Commercial Marine division
Around nine months after it announced the sale of its Commercial Marine division, Rolls-Royce (RR) has today completed the £500m or so transaction to the Norwegian Kongsberg Group ASA. The division includes the links which RR had with the superyacht market including vessel and system design capabilities related to propulsion ...
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NewsCorrect Craft acquires Velvet Drive
Correct Craft has announced the acquisition of Velvet Drive Transmissions, a vendor to the boat and engine builder for the past 40 years. Velvet drive will be “vertically integrated into Correct Craft’s Pleasurecraft Engine Group,” according to a company news release.
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Flagstaff Marine acquires Australian brokerage
Australia’s Flagstaff Marine (formerly Visail Sydney) has acquired The Yacht Brokerage (TYBQ) in Queensland for an undisclosed sum. TYB was formed over four years ago and has since grown into one of Australia’s leading brokerage houses.
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NewsInmarsat accepts £2.6bn takeover offer
Following the announcement late last week that mobile satellite communications company Inmarsat Plc had received a takeover approach, it has now been accepted.
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NewsFerretti to go public?
Italy’s Ferretti Group is said to be preparing for a return to the Milan stock exchange after 15 years in private hands
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NewsUK shipyard up for sale
Following the announcement last November that Babcock, operator of the UK’s Devonport naval dockyard in Plymouth, was going to close its Appledore Shipyard in North Devon, the facility has now been put on the market.
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NewsInmarsat receives US$3bn takeover offer
Global satellite communications company Inmarsat Plc has received a new takeover offer from a transatlantic consortium comprising UK private equity firm Apax Partners, US-based Warburg Pincus, and two Canadian pension funds – CPPIB and the Ontario Teachers’ Pension Fund.
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