All Mergers, Acquisitions & Exits articles – Page 38
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NewsTwin Disc acquires Veth Propulsion
US-based Twin Disc, maker of transmission, propulsion, steering and other systems for marine and other sectors, has acquired family-owned Veth Propulsion of the Netherlands.
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NewsBRP’s Telwater acquisition completes the perfect strategic, philosophical marriage
BRP’s purchase of the iconic Australian boat and trailer builder, Telwater, completes what both sides of the transaction look at as “the perfect marriage”.
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NewsInmarsat buyers provide assurances to UK government
Following the news that the proposed $6bn acquisition of the satellite communications group, Inmarsat, had been referred to the UK Competitions & Markets Authority (CMA) for clearance, the buying consortium has given reassurances to the UK government about its future commitments to the UK.
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NewsAnnapolis Inflatables sold
Two long-time Annapolis, Maryland marine businesses will be combining forces now that Fawcett Boat Supplies has completed its acquisition of Annapolis Inflatables (AI).
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NewsEagleTree Capital acquires Invincible Boat Company
New York-based private equity firm EagleTree Capital has acquired a majority stake in Invincible Boat Compan
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NewsWider Yachts acquired by international trio of businesses
Beginning of a new era for the Italian brand
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NewsSouthern Marinas nets two new Florida properties
Southern Marinas Holdings, a new partnership between 70-year-old Palm Beach, Florida-based Southern Marinas and a New York investment firm, completed the purchase of two Florida properties in May.
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NewsUK marina operators confirm merger
UK marina operators Dean & Reddyhoff and Quay Marinas today announced that they have officially signed contracts to merge their businesses.
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NewsUK marina operators merge
Two of the UK’s biggest marina operators – Quay Marinas Ltd and Dean & Reddyhoff Ltd – have agreed to merge. Once finalised later this year, the new combined company will operate the widest network of coastal marinas in the UK.
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NewsNew owners for Marathon Boat Group
US boatbuilder Marathon Boat Group (MBG) has been acquired by Chicago-based private equity firm Altair Investments Inc. Terms of the transaction were not disclosed.
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NewsCorrect Craft acquires Merritt Precision
Milling company Merritt Precision is the latest acquisition by Correct Craft, which says in a company statement that the Florida-based maker of plugs for the marine, automotive and aerospace industries will be integrated into Correct Craft’s Watershed Innovation subsidiary and function as a standalone business.
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NewsBrunswick’s Freedom Boat Club purchase to ‘shape the future of boating’
Brunswick Corp’s acquisition late last week of Freedom Boat Club (FBC) was “rooted in foresight and where we believe the consumer is going.”
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NewsBrunswick to acquire Freedom Boat Club
Brunswick Corp has acquired Venice, Florida-based Freedom Boat Club as part of its strategy to expand its presence in the emerging and fast-growing boat club segment. Terms of the transaction, which is expected to close in the second quarter of 2019, were not disclosed.
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KAM Marine acquires Northport Bay Boat Yard
KAM Marine is broadening its reach in the upper mid-West US with the purchase of Northport Bay Boat Yard on Lake Michigan’s Grand Traverse Bay.
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NewsBrunswick to sell Life Fitness division
In a move to solidify its position as a pure marine company, Brunswick Corp announced it has entered an agreement with the private investment firm KPS Capital Partner LP for the sale of its Fitness division for US$490m.
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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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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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