Mergers, Acquisitions & Exits – Page 9

  • News

    Gordon Dadds completes £27m Ince & Co takeover


    The £27.3m acquisition of the UK assets of Ince Co LLP law firm by AIM-listed Gordon Dadds LLP has now been completed and the shares in the enlarged company, Ince Gordon Dadds, have resumed trading. Ince Co is one of the largest superyacht law firms worldwide. ...

  • News

    Hamble School of Yachting acquired


    Clipper Ventures, organiser of the Clipper Round the World Yacht Race, has acquired the Hamble School of Yachting, one of the Royal Yachting Association’s (RYA) leading UK sailing schools. The acquisition, for an undisclosed price, is part of Clipper’s strategy to grow its involvement with offshore sailing.

  • News

    Three companies team up to build Nordic group for boat equipment


    After working together under the same ownership since July 2017, Sweden’s Hjertmans and Norway’s NMS (Maritim) have joined forces with Sweden’s Byggplast (SeaSea). The goal is to conduct an even wider Nordic consolidation focusing on profitability.

  • News

    US builder winds down operations


    Panga Marine in the US is shutting down operations and is being offered for sale as a “turn-key boat manufacturer”, according to owner Rob McDaniel and the listing agent.

  • News

    Eliminator Boats sold


    California-based Eliminator Boats has been sold from receivership to RevLine LLC, an investment group headed by Eliminator general manager Jake Fraleigh and his business partner, Todd Mobraten, for a reported US$1.5m.

  • News

    Brunswick announces joint venture


    US builder takes stake in robotics developer

  • Harbour lights

    Carmanah sells marine division assets to SPX


    US$77m transaction expected to close in January 2019

  • Nimbus-405-Coupe-8567

    Nimbus' acquisition creates Nordic market leader


    IBI interviews Nimbus CEO

  • New Larson 160 OB

    Marquis to spin off Larson boat line


    Marquis Yachts in the US has announced the sale of its Larson boat line and the lay-off of 30 administrative and production workers.

  • News

    Dometic Group acquires outdoor aftermarket specialist


    The Swedish equipment provider is looking to leverage and expand Kampa’s aftermarket offering across Europe

  • Bella's Falcon BR 7

    Nimbus to acquire Brunswick’s joint venture interest in Bella Boats


    Brunswick Corp today announced that Sweden-based Nimbus Boats is to acquire its joint venture interest in Finland’s Bella Boats. Terms of the deal are unknown, but the acquisition is expected to close before the end of the year. It will provide Nimbus with ownership of all Bella brands, including Bella, ...

  • News

    Mission Critical Electronics buys Xantrex


    Schneider Electric has sold its Xantrex electrical equipment manufacturing business to Huntington Beach, California-based Mission Critical Electronics (MCE).

  • News

    Beneteau closes Delphia Yachts acquisition


    Groupe Beneteau and Delphia Yachts Kot sp. j. reached financial closing of the acquisition by Groupe Beneteau of its operations designing, building and marketing sailing and motor yachts under the Delphia Yachts and Maxi Yachts brands in Warsaw, Poland on Friday.

  • Smoker Craft's Indiana plant

    Smoker Craft sells furniture manufacturing business to Lippert Components


    US boatbuilder Smoker Craft Inc announced Friday that the company has sold its in-house marine furniture manufacturing operation to Elkhart, Indiana-based Lippert Components Inc (LCI).

  • News

    Donovan Marine acquires Morgan Recreational Products


    Donovan Marine, the Louisiana-based international distributor of marine components and transportation equipment, has acquired Morgan Recreational Products in a deal with undisclosed terms.

  • Jetten Beach 62

    Dutch motorboat builder finds new owner


    Beleaguered Dutch shipyard Jetten Jachtbouw today announced that it is ‘business as usual’, thanks to financial support from global investment firm Oxbridge SE. According to a company statement, Oxbridge has acquired a significant controlling share in Jetten Bommelaer BV, trading under Jetten Jachtbouw, as well as all the tooling, branding ...

  • Screen Shot 2018-11-21 at 14.56.38

    New ownership for bankrupt Italian yards


    Two Italian yacht-builders that have both been in a bankrupt state have recently been acquired by new owners. The two businesses are Cantieri di Pisa and the Privilege superyacht yard located at Civitavecchia, near Rome. The latter also included an uncompleted shell of the 127m (416ft) Project One.

  • Mondo_Marine

    Mondomarine sold


    Palumbo Superyachts, the yachting division of Italy’s Palumbo Group, has acquired Italian refit and repair yard Mondomarine for an undisclosed sum.

  • CAMPION-530-BR-6876

    Canadian boatbuilder Campion Marine sold


    Canada’s largest fibreglass boatbuilder sold to Edmonton-based private equity firm

  • Bavaria-OPen-Days-ibi

    Bavaria purchase confirmed


    German-based investment fund will take over one of the industry’s most high-profile builders; continued dealer loyalty key to success