Mergers, Acquisitions & Exits – Page 5

  • News

    Torqeedo owner Deutz buys battery specialist

    2019-10-15T08:59:00Z IBI , by Stefan Gerhard

    Exactly two years ago, German engine manufacturer Deutz took over Torqeedo, a leading specialist for electric boating systems. Now Deutz AG has announced the acquisition of the battery specialist Futavis. With the purchase of the company, which is located near the Dutch border, “Deutz AG is supplementing its electrification strategy ...

  • Jetten Shipyard
    News

    Jetten Jachtbouw sold

    2019-10-10T16:06:00Z

    Jetten Jachtbouw of the Netherlands has been sold to MSAR, a Malta-based group of companies owned by Jack Wijnants.

  • Fasco Fastener
    News

    Fasco Fastener sold

    2019-10-10T13:22:00Z

    Wurth Industry North America has acquired Fasco Fastener, a distributor of stainless steel, silicon bronze and brass fasteners, as part of its global growth strategy.

  • Cantieri Viareggio
    News

    US interiors specialist merges with Italian SY yard

    2019-10-09T08:42:00Z

    Genesis Interiors, a US-based builder and installer of handmade luxury interiors for yachts and private homes, has merged with Italy’s Cantiere Viareggio.

  • Newport
    News

    Safe Harbor Marinas acquires Newport Shipyard

    2019-10-03T06:19:00Z

    Newport Shipyard in Newport, Rhode Island, has been purchased by Safe Harbor Marinas, becoming the 85th property for the Dallas, Texas-based owner operator, which has facilities in 19 states.

  • News

    Norwegian engine distributors merge

    2019-10-01T08:05:00Z

    Two Norwegian engine distributors, AS Kellox and Loxkel AS, are to merge on January 1, 2020 and form one company under the name Kellox.

  • News

    Patrick Industries acquires GG Schmitt & Sons

    2019-10-01T06:00:00Z

    Patrick Industries in the US has completed its acquisition of marine OEM supplier GG Schmitt Sons in a deal characterised as “aligned with our strategic initiatives and capital allocation strategy,” according to a news release from the Indiana-headquartered company.

  • YPI logo
    News

    YPI sold to Singapore investment group

    2019-09-26T15:04:00Z

    Superyacht services provider YPI (Yachting Partners International) has been bought from the French commercial shipping brokerage house, BRS, by Mercantile Maritime Investments (M MI), the investment division of the Singapore-headquartered group, for an undisclosed price.

  • MB92_barcelona
    News

    MB92 sold to European investment firm

    2019-09-25T16:14:00Z

    Marina Barcelona 92 (MB92) today announced that Squircle Capital, a European alternative investment firm focused on private equity and value-add real estate investments, has acquired 77.5% of the Spanish superyacht refit, repair and maintenance group. The transaction, which has received regulatory approval, is expected to close, subject to customary closing ...

  • Portland Marina
    News

    UK marina operators complete merger

    2019-09-23T13:59:00Z

    The merger of UK marina operators Dean Reddyhoff and Quay Marinas has now been implemented. The transaction brings together 11 marinas on the UK south coast, Bristol Channel, Irish Sea, the Clyde and East coast. A new nationwide cruising pass has been issued for berth holders offering access ...

  • Screen Shot 2019-09-13 at 16.02.08
    News

    Northern Marine sold

    2019-09-13T14:48:00Z

    Seattle Yachts, a new boat dealer and yacht brokerage firm with offices in the Pacific Northwest, Southern California and South Florida, has purchased US boatbuilder Northern Marine. Included in the sale are the rights to the Northern Marine brand, the shipyard in Anacortes, Washington, the tooling, and intellectual property.

  • News

    Snag-A-Slip buys SlipSure

    2019-09-12T15:21:00Z

    The online boat slip rental category is beginning to consolidate with the acquisition of SlipSure, the largest app for instant and same-day slip bookings, by Annapolis, Maryland-based Snag-A-Slip, positioning the company as “the category leader across all types of boater reservations,” according to a news release from the firm.

  • Vilanova Grand Marina
    News

    Pendennis acquires Vilanova Grand Marina

    2019-09-03T09:38:00Z

    Falmouth, UK-based superyacht builder and refit specialist Pendennis Shipyard is expanding its Mediterranean presence further with the purchase of a majority stake in Vilanova Grand Marina in Barcelona, Spain. The company was already associated with Vilanova, as it is developing a refit and repair centre at the Spanish facility. No ...

  • HPiVS-CEproof alastair-reay-craig-morris
    News

    Marine compliance firms merge

    2019-09-02T11:42:00Z

    HPi Verification Services (HPiVS), the UK’s only Notified Body for the EU Recreational Craft Directive (RCD), has merged with RCD specialist CEproof to create HPi-CEproof. Both companies are leading players in the global marine compliance industry.

  • Screenshot 2019-08-30 at 14.31.21
    News

    JCE acquires Baltic Safety Products AB

    2019-08-30T12:32:00Z

    Company founder, Per Frode, to remain as minority owner of the company

  • BLY's Mr Vrit, MD
    News

    Burgess Yachts signs partnership deal with Boat Lagoon Yachting

    2019-08-29T14:22:00Z

    New link to strengthen superyacht activities in Thailand

  • Interior Technology Services
    News

    Interior Technology Services gets new owner

    2019-08-22T13:20:00Z

    Interior Technology Services (ITS) of the Netherlands has sold its US operations and the new owner is looking to expand operations.

  • Moonen Yachts The Netherlands
    News

    Moonen Yachts under Australian ownership

    2019-08-19T09:50:00Z

    Moonen Yachts, the Dutch superyacht builder that went bankrupt this summer , says Matthew and Louise Baxter of Australia are its new owners, replacing Mexican steel giant Altos Hornos de Mexico (AHMSA).

  • lewmar-mets
    News

    Lippert completes Lewmar takeover

    2019-08-13T14:50:00Z

    The £33m-plus acquisition of UK marine equipment manufacturer and supplier Lewmar Marine by its US competitor, Lippert Components, has now been completed. Four new American directors were appointed on August 1, as revealed by a Lewmar Ltd’s filing with Companies House, the UK business register, today.

  • Twin Disc’s new 39,000sq ft North American Aftermarket Distribution Centre opened on May 14 and is expected to be fully operational by June
    News

    Twin Disc acquires Veth Propulsion

    2019-08-09T11:03:00Z

    US-based Twin Disc, maker of transmission, propulsion, steering and other systems for marine and other sectors, has acquired family-owned Veth Propulsion of the Netherlands.