All Mergers, Acquisitions & Exits articles – Page 32
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NewsSensible Yacht Cordage changes hands
Sensible Yacht Cordage, founded in 2017 at Jamestown, Rhode Island, has been purchased by Jonathan Thurston from his neighbour, company founder Jan Trousilek. The latter was injured in a sailing accident and could no longer operate the business, and the new owner was forced to retire from construction work following ...
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NewsTankoa Yachts considers takeover of Cantieri di Pisa
Acquisition would allow for an innovative new range of 30m-45m yacht models
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NewsConsolidation in the electric boat market as Pure Watercraft buys pontoon maker
The US boatbuilder and inventor of a plug-and-play, drop-in electric outboard motor system has acquired ELUX Marine for an undisclosed sum
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NewsSafe Harbor Marinas buys Rybovich
Dallas, Texas-based Safe Harbor Marinas acquires US superyacht service provider
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NewsAkzoNobel boosts North American presence with New Nautical Coatings purchase
In a multimillion investment, global paint and coatings manufacturer AkzoNobel NV said it would significantly increase its market presence in North America and the Caribbean with the acquisition of New Nautical Coatings Inc, the owner of the premium Sea Hawk coatings brand. While no transaction figures were divulged about the ...
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NewsMalibu acquires Maverick for strategic, complementary hull and price point expansion
Malibu Boats has acquired the four brands of the Maverick Boat Group, expanding production capacity and distribution potential in what the parent company is calling a “strategic transaction that complements Pursuit and expands Malibu’s saltwater outboard offerings in boat type and price point.” Maverick, and its founder Scott Deal, are ...
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NewsOneWater buys eight Florida marinas and boat dealerships
The US retail giant has further expanded its presence in Florida with the acquisition of two more yachting businesses, including the company’s largest acquisition to date.
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NewsUK yacht brokerage gets new owner
UK-based yacht dealership and brokerage firm Key Yachting has been taken over by Thinking Space Systems, a technical furniture company owned by Wayne Palmer and Hayley Quinn.
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NewsFormer Ferretti owners purchase the Boats Group for a reported $850m
The private equity firm Permira, which had a controlling stake in Ferretti in the early 2000s, has re-entered the marine leisure industry by acquiring Boats Group from fellow private equity investors, Apax Partners. Although the deal was struck on the 29th of December, the transaction value was not disclosed either ...
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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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