Mergers, Acquisitions & Exits – Page 7
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Polytech Development buys Pro Marine Supplies
Polytech Development Corp, a US manufacturer of specialty polymers, has acquired Pro Marine Supplies, which distributes epoxy coating resins for a variety of professional and hobbyist applications.
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NewsSouthern Marinas nets two new Florida properties
Southern Marinas Holdings, a new partnership between 70-year-old Palm Beach, Florida-based Southern Marinas and a New York investment firm, completed the purchase of two Florida properties in May.
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Lewmar Marine to be acquired by Lippert Components for £33m
UK equipment maker will be LCI’s sixth purchase in the marine sector marking the company’s continued expansion into the global boating business
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UK marina operators confirm merger
UK marina operators Dean Reddyhoff and Quay Marinas today announced that they have officially signed contracts to merge their businesses.
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UK marina operators merge
Two of the UK’s biggest marina operators – Quay Marinas Ltd and Dean Reddyhoff Ltd – have agreed to merge. Once finalised later this year, the new combined company will operate the widest network of coastal marinas in the UK.
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New owners for Marathon Boat Group
US boatbuilder Marathon Boat Group (MBG) has been acquired by Chicago-based private equity firm Altair Investments Inc. Terms of the transaction were not disclosed.
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Correct 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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Brunswick’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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KVH 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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Brunswick 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
Embattled South African catamaran builder Tag Yachts has confirmed the demise of Tag Yachts 50, the sister company set up to drive production of the company’s new 50ft cruising catamaran.
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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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Brunswick 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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BRP to acquire Australian boatbuilder Telwater
Enters into agreement to acquire 80% of the aluminium boat and trailer builder
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Veethree 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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Cape 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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Kongsberg 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 ...
