Mergers, Acquisitions & Exits – Page 7

  • Divestiture of its Videotel training business will allow KVH to focus on core strategic initiatives including the development of integrated chip technology

    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.

  • Freedom Boat Club will operate as part of Brunswick’s Business Acceleration group

    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.

  • Tag 50

    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.

  • News

    Spradling International Marine and Pletcher Sales in strategic partnership


    Firms come together coated fabrics and interior solutions to RV Industry

  • News

    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.

  • Brunswick's David Foulkes

    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.

  • Screen Shot 2019-05-02 at 08.28.24

    BRP to acquire Australian boatbuilder Telwater


    Enters into agreement to acquire 80% of the aluminium boat and trailer builder

  • James & Shekhar

    Veethree Electronics & Marine and CANtronik complete merger


    Two CANbus display technology specialists come together under Veethree Group brand

  • News

    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.

  • News

    Correct Craft buys Parker Boats


    Correct Craft is expanding again, this time, with the purchase of North Carolina-based Parker Boats.

  • Cape Charles Yacht Center

    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.

  • Kongsberg Maritime's offices in Norway

    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 ...

  • Correct Craft CSO Sean Marrero; John Bolton, Velvet Drive VP of Operations; Correct Craft executive VP:chief of staff Angela Pilkington; Mark McKinney, Pleasurecraft Engine Group president

    Correct 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.

  • News

    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.

  • Inmarsat-Constellation-ibi

    Inmarsat 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.


    Ferretti 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

  • The UK's Appledore Shipyard in Plymouth is an historic site of significant importance to the wider region

    UK 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.

  • Inmarsat-Constellation-ibi

    Inmarsat 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.

  • The 140m Ocean Victory from Fincantieri is the largest yacht to ever visit New Zealand

    Fincantieri acquires minority stake in Italian shipbuilder


    The global shipbuilding and Italian state-owned group Fincantieri has acquired a minority stake in the Genova Industrie Navali (GIN) shipbuilding business. The transaction also includes an option for Fincantieri to buy a minority stake in the T Mariotti shipyard, a subsidiary of GIN which has a dedicated yacht-building arm, Mariotti ...

  • Cape Charles Yacht Center

    Cape Charles Yacht Center sold


    Cape Charles Yacht Center in the US has been acquired by JB Turner, president and co-owner of Front Street Shipyard in Belfast, Maine, and Nicole Jacques, owner of Rhumbline Communications in Belfast, Maine. The new principals intend to expand the Chesapeake Bay shipyard into a premier superyacht refit and service ...