All Mergers, Acquisitions & Exits articles – Page 29
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NewsNova Luxe acquires SA yacht-builder
Just one year after launching its first all-electric yacht, US-based Nova Luxe has acquired South African yacht-builder Scape, according to a company statement. Scape has been producing highly efficient catamarans primarily for the charter fleet market for more than 15 years. Nova Luxe plans to adopt the Scape models to ...
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NewsTemasek withdraws from planned SG$4bn share purchase in Keppel Corp
Marina at Keppel Bay is one of Singapore’s largest marinas A planned SG$4bn investment by Temasek, the sovereign wealth fund of Singapore, to gain a majority stake in Keppel Corporation, one of the biggest operators in the shipbuilding, offshore and real estate sectors in the island state, ...
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NewsUS private equity firm buys Yale Cordage
In its 99th deal since being established in 1989, US private equity business River Associates Investment has bought Yale Cordage, a leading supplier of rope systems to the recreational and commercial marine sectors. The acquisition was in partnership with Yale’s management team. No value for the purchase has been released. ...
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NewsDavey & Co London Ltd gets new owner
John Buckley of Harbour Marine Services acquires UK boat fittings manufacturer
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NewsDufour sells JJL Catamarans to Croatian charter firm
Italy’s only serial cat producer has been sold to Under the Heavens
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NewsScott Bader acquires Summit Composites
Scott Bader Australia Pty Ltd has acquired the assets of Summit Composites Pty Ltd for an undisclosed sum. The GRP resins supplier has been working alongside Summit Composites for over 10 years, with Summit distributing their high-performance resins, gelcoats and adhesives to the Australian market.
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NewsCatalano Shipping expands superyacht support into Asia-Pacific with NZ purchase
Company also plans to open in Spain next year
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NewsClick&Boat acquires European competitor
Click&Boat, the UK’s leading boat hire platform, has acquired its main competitor, Nautal, reinforcing its international leadership as ‘the airbnb of the seas’ and growing its UK offering, now with more than 360 boats being listed for rental in the UK via the acquisition.
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NewsBainbridge International undergoes MBO
MD Andrew Smith acquires UK sailcloth and hardware manufacturer
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NewsGreat Lakes broker and marina operator expands US coverage with Florida-based acquisition
Detroit-headquartered KAM Yacht Sales has significantly expanded its US activities with the acquisition of Luke Brown Yachts in Ft Lauderdale, Florida. Kam Yacht Sales is part of KAM Marine Ventures LLC, which is a division of Lormax Stern, a real estate, investment and management group.
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NewsMajor restructure at developers of Oman’s Mina Al Sultan Qaboos Waterfront project
UAE’s Damac bought out of the development
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NewsHering Propellers sold
One of the most iconic brands in offshore racing and high-performance boating, Hering Propellers, has been acquired by FJ Propeller Midwest. FJ, located on Missouri’s Lake of the Ozarks, was founded by two-time world champion offshore racer Casey Boaz, who heads the CR Racing team. “I think Hering Propellers has ...
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NewsUK council to buy key shipbuilding facility in Cowes
Following a meeting yesterday, the UK’s Isle of Wight Council has reaffirmed its intention to acquire Venture Quays, the part of Cowes harbour which hosts the iconic Columbine Building and home to Wight Shipyard.
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NewsMarineMax buys specialty yacht insurance firm
US boat and yacht retailer MarineMax has acquired Private Insurance Services, a specialty yacht insurance agency, for an undisclosed sum.
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NewsSam Allen Wholesale acquires Reelax
Australia’s foremost marine and game fishing equipment brand will continue to operate from its Queensland facilities
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NewsMarineMax acquires Northrop & Johnson, creating world’s largest superyacht services firm
The acquisition is expected to be accretive in its first full year
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NewsOtto Piening GmbH acquires Thies Propeller
The German propeller manufacturer now offers solutions for smaller yachts
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NewsAon-Willis Towers Watson merger faces lawsuits
Plans for a takeover deal worth some US$30bn of two major insurance brokerage groups have hit a possible hurdle as at least three shareholder lawsuits have been filed opposing the approach by Aon to acquire Willis Towers Watson. Both businesses are big players in the superyacht insurance market.
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NewsMaster Promotions acquires five Canadian outdoor shows
Halifax, Canada-based Master Promotions Ltd announced on Wednesday that it has acquired five major-market consumer boat and sporting goods shows from Canadian National Sportsmen’s Shows (CNSS).
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