All Mergers, Acquisitions & Exits articles – Page 31
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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.
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News
Dogus sells stake in Croatian marina operator
Turkey’s Dogus Group has decided to sell its 10.87% stake in Croatia’s leading marina opetator, ACI Marinas. The company’s shares were bought by three local pension funds – AZ mandatory category B pension fund, AZ Profit voluntary pension fund, and PBZ Croatia Osiguranje pension fund.
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NewsCape 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.
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NewsKongsberg 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 propulsion ...
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NewsCorrect 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.
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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.
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NewsInmarsat 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.
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NewsInmarsat 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.
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NewsFincantieri 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 ...
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NewsCape 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 ...
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News
V.Group acquires Global Marine Travel
V.Group and Inchcape Shipping Services (ISS) have switched their agency and marine travel interests between each other. It has not been disclosed if any money has changed hands or whether it is a straight swop of two business activities.
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News
Wireless Logic Group acquires M2MBlue of the Netherlands
Britain’s fast-expanding Wireless Logic Group has acquired M2MBlue of the Netherlands, a company that combines cellular, satellite and land connections to deliver secure internet services to passengers on superyachts and ocean liners.
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News
Berthon acquires UK marine firms
The Berthon group of companies in the UK has acquired BHG Marine and Willow Marine through its Lymington Marina subsidiary. The move comes not longer after the company acquired Marine IP, producer of the VersaDock mooring system.
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News
New owners for US dinghy firm
A long-time supplier of dinghies and small outboards to the San Diego, California boating community has been saved from closure with its purchase by South Coast Yachts.
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News
BSI acquires Danish propeller firm
Danish deck hardware and rigging manufacturer BSI A/S has acquired Hundested Propeller A/S, a Danish supplier of controllable pitch propellers and gearboxes, and tunnel and retractable swing thrusters. Terms of the deal were not disclosed.
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NewsGreece extends marina privatisation plans
Greece’s privatisation agency, the Hellenic Republic Asset Development Fund (HRADF), is moving forward on two more marina privatisation projects in Mykonos and Rhodes. The news follows the acceptance, earlier this year, of an improved bid for Chios Marina. Meanwhile, the finalisation of the Alimos Marina privatisation is still awaited.
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NewsBradford Marine sold
Fort Lauderdale Yacht Harbor (FLYH) has acquired the boatyard and marina operations of Bradford Marine Fort Lauderdale and Bradford Marine Bahamas.
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NewsNordkapp Boats sold
Norway’s Frydenbo Marine has acquired an 80% stake in Norwegian boat brand Nordkapp Boats. The purchase price was not disclosed.
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ArticleMakings of a Merger: Xantrex & MCE discover an ideal fit
Buoyed by new ownership and steady category growth, Canadian electrical equipment manufacturer Xantrex seeks to build its global market share with funding and development support from MCE.
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News
True North Powerboats sold
Catalina Yachts in Largo, Florida has acquired Downeast cruiser manufacturer True North Powerboats for an undisclosed sum. The moulds for the True North 34, True North 34 Outboard Express and True North 38 are being moved to the Catalina plant and production will begin this year.
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