All Mergers, Acquisitions & Exits articles – Page 27
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Nimbus completes acquisition of Swedish boatbuilder
Sweden’s Nimbus Boats has completed the acquisition of aluminium boat producer Alukin Boats Sweden AB. Alukin, located north of Stockholm, is now a full member of the Nimbus family.
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CVC Capital Partners completes acquisition of D-Marin
Dubai Harbour Marina is included in the CVC deal Confirmation of the acquisition of the D-Marin group facilities in Greece, Croatia and the UAE by the Luxembourg-headquartered private equity group CVC Capital Partners has been belatedly received following an announcement by British Marine, the UK’s marine leisure ...
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Sanlorenzo confirms interest in Perini Navi
Sanlorenzo is a world leader in motoryachts over 40m in length Italian superyacht-builder Sanlorenzo today confirmed that it is evaluating a possible acquisition of fellow yacht builder Perini Navi SpA. For this purpose, Sanlorenzo has obtained an exclusivity period from Perini Navi majority shareholder Fenix Srl, a ...
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FLIR Systems announces solid Q1 and intention to keep Raymarine
FLIR Systems CEO Jim Cannon said the Covid-19 pandemic “has resulted in disruptions to our supply chain, as well as significantly reduced sales” Virginia, US-based FLIR Systems Inc released its 2020 first-quarter results on Wednesday, posting a 1.4% year-over-year revenue increase for the quarter on the strength ...
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Vanquish Boats sold
Century Boats acquires Rhode Island day-boat manufacturer for undisclosed sum
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Century Boats sold to PE firm
Private equity firm Sorfam Capital today announced that it acquired Century Boats in the middle of March for an undisclosed sum.
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Canadian marina operator acquires four more properties
Canadian marina operator Maple Leaf Marinas has added four new properties near Toronto to its growing portfolio of premium boating facilities.
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Pier One, Seahorse merge
Seahorse Marine has become the seventh Florida brokerage firm in as many years to merge under the Pier One Yacht Sales banner
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Southern Marinas acquires three new Florida locations
Southern Marinas Holdings, LLC, a partnership between a New York-based private investment firm and Southern Marinas, announced today the purchase of Hi-Lift Marina in Aventura; Hidden Harbour in Pompano Beach; and Palm Harbour in Cape Haze. These premier Florida locations were acquired from Aqua Marine Partners, LLC in a deal ...
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Tohatsu Outboards NZ under new ownership
The directors of Tohatsu Outboards NZ Ltd have announced that the business is being sold to their business partner Lakeside Marine NZ Ltd, a subsidiary of Lakeside Marine Pty Sydney.
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Click&Boat acquires German competitor
French boat-sharing company Click&Boat has acquired Scansail, one of its main competitors in German-speaking markets. Scansail will continue to operate as a separate brand, based at its current headquarters in Hamburg.
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FPT Industrial acquires electric powertrain specialist
Marine powertrain specialist FPT Industrial has taken another step towards electrification with the acquisition of Potenza Technology, a UK company that specialises in the design and development of electric and hybrid-electric powertrain systems.
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CMP Group acquires MarineTech Products
Delta, Canada-based CMP Group Ltd announced Monday that the company has acquired MarineTech Products Inc.
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Major insurance deal stands to consolidate superyacht insurance
Two global insurance brokerage concerns, both very active in the superyacht market, may join forces as the result of a $30bn takeover approach by Aon to buy Willis Towers Watson. If the deal is completed, it would see the world’s second and third largest insurance brokerage business coming together to ...
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CVC purchase of D-Marin facilities clears Croatian anti-trust agency
AZTN, the Croatian anti-trust agency, has approved the planned acquisition of three marinas in the country which are part of the planned takeover of 10 D-Marin owned and managed marinas by the Luxembourg-headquartered private equity group, CVC Capital Partners. The other seven marinas include four in the UAE and three ...
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Southern Marinas expands footprint in Florida market
Fish-Tale Marina in Fort Myers Beach, Florida, is the latest acquisition of North Palm Beach, Florida-based Southern Marinas, which closed on the property February 20.
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Yanmar buys Italian gyro stabilisation firm
Japanese engine manufacturer Yanmar has entered the gyro stabiliser market following the acquisition of Italy-based Smartgyro Srl for an undisclosed sum.
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EP Barrus acquires Blue Gee brand
UK-based marine equipment distributor expands product portfolio
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Historic Italian brand re-enters yacht market
Iconic Italian boatbuilder Falcon Yachts has re-entered the market following its recent acquisition by T-Quest Holdings of the Middle East.