All Mergers, Acquisitions & Exits articles – Page 24
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NewsSportsman’s Warehouse to join The Great American Outdoors Group
Hundreds of US fishing and boating outlets consolidated following latest acquisition of the world’s largest boat dealer
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NewsBSI A/S Group acquires UK rigging specialist
Danish deck hardware and rigging manufacturer BSI A/S has acquired OYS Rigging, taking over the UK brand and all associated assets. “We are delighted to be owners of OYS, with a UK facility and working together with the knowledgeable manufacturing team,” says Morten Madsen, managing director of BSI A/S. “This ...
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NewsSandals Resorts International boosts Caribbean marina portfolio
Sera Boca Marina has 135 berths for yachts of up to 30m Sandals Resorts International (SRI), the all-inclusive luxury resort operator in the Caribbean, has expanded its marina involvement through the purchase of the 3,000-acre Santa Barbara resort on Curaçao which hosts two on-site marinas. With this ...
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NewsLloyd’s Register to acquire C-MAP Commercial from Navico Group
Provider of marine charting solutions, voyage optimisation and fleet analytics will be integrated into i4 Insight platform
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NewsItalian PE firm buys majority share in Cantiere del Pardo
Wise Equity acquires 60% stake in the Italian yacht-builder
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NewsShoremaster/HydroHoist acquires Neptune Boat Lifts
Shoremaster/HydroHoist in the US has acquired Neptune Boat Lifts Inc, the premier saltwater boat lift brand based in Fort Lauderdale, Florida, for an undisclosed sum.
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NewsRolls-Royce buys UK supplier of ship control systems
Rolls-Royce has acquired Servowatch Systems, a UK-based international supplier of integrated marine automation solutions for navies, commercial vessels and large yachts. Representatives of Rolls-Royce’s Power Systems business unit and the company’s previous owner, India-based Larsen & Toubro, signed the contracts on 1 December. Terms of the deal were not disclosed.
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NewsKorean Air to sell yacht marina for US$117m
A Korean investment group has signed a memorandum of understanding to acquire Wangsan Leisure Development, operator of Wangsan Marina, from Korean Air Lines for approximately US$117m. Consus Asset Management and Mirae Asset Daewoo announced the memorandum on Monday, as Korea Air Lines moves to divest assets as part of its ...
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NewsKey Canadian P&A distributors merge
Former Mermaid Marine general manager Ron Savidant will serve as president of Maritime Marine Supply when it begins operations in January The two largest wholesale parts and accessories distributors in eastern Canada have announced plans to merge operations and operate as a single entity, effective January 2021. ...
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NewsSardinian marina put up for sale by Italian state-owned investment agency
One of Sardinia’s leading marinas has been put up for sale as an investment opportunity by the Italian state-owned Invitalia agency which deals with investments and enterprise development. Marina di Portisco, which offers 589 berths for yachts up to 90m (295ft), is located on the Gulf of Cugnana in Olbia ...
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NewsTeakdecking Systems acquires Spanish decking provider
Florida, US-based marine decking manufacturer Teakdecking Systems (TDS) has acquired Teak Solutions SL of Barcelona, Spain.
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NewsMyers Industries acquires Elkhart Plastics
Acquisition positions US fuel tank manufacturer among five largest rotational molding firms in US
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NewsUK boat insurance brand returns under new ownership
Haven Knox-Johnston is now owned by the Aston Lark Group
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NewsCanadian marina group acquires eighth property
Maple Leaf Marinas acquires Walker’s Point Marina in central Canada’s Muskoka region
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NewsEekels Technology absorbs bankrupt De Keizer Marine Engineering
Eekels Technology BV, a Dutch builder and installer of electrical drive and shore power connection systems, has agreed to take over De Keizer Marine Engineering which was declared bankrupt on October 15. No financial details were announced. Eekels said in a statement that De Keizer’s activities “will boost its position ...
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NewsScottish boat dealer sold after decades of family ownership
Following negotiations which started in 2019, Scottish boat dealer Euroyachts, based in Largs, western Scotland, has changed hands after decades under family ownership.
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NewsUK RIB manufacturer sold to British entrepreneur
Ribcraft UK, based in Yeovil, Somerset, has been bought by UK entrepreneur Toby Adams and looks set to expand on the success it has already enjoyed in growing governmental, military and securities sectors as well as placing a larger emphasis on environmental sustainability.
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NewsUK yacht chandler sold
L-R: SeaFront directors Simon Sheehan and Richard Besse with general manager of Nick Cox Matt Evans and SeaFront operations manager Liz Evans SeaFront Marine Group in the UK has acquired Lymington-based retailer Nick Cox Yacht Chandler, expanding the company’s portfolio of marine product distribution, sales and servicing ...
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NewsThree Nordic wholesalers merge to form powerful group
Peter Schmidt Helbirk: “The new group gives us the opportunity to offer customers more strong brands at competitive prices” Three Nordic wholesalers of marine equipment have merged to form a powerful marine wholesale group for the Nordic region. Sweden’s Nautec AB, Norway’s Flak AS and Denmark’s Palby ...
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NewsTender launched for Greece’s biggest shipyard
Hellenic Shipyards in Skaramanga, close to Athens As of last week, Greece’s biggest shipyard has become the subject of a tender calling for expressions of interest to buy the facility. While Hellenic Shipyards S.A. in Skaramanga, close to Athens, is largely active with commercial and naval work, ...
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