All Mergers, Acquisitions & Exits articles – Page 40
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News
French marina operator buys Dutch marinas
French marina operator Port Adhoc has signed a contract to acquire three marinas in the Netherlands from local group Thuishavens.
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NewsFortress Marine Anchors sold
Fort Lauderdale, Florida-based Fortress Marine Anchors has been purchased by its senior management, including the grandson of company founder Dan Hallerberg.
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News
Torqeedo owner Deutz buys battery specialist
Exactly two years ago, German engine manufacturer Deutz took over Torqeedo, a leading specialist for electric boating systems. Now Deutz AG has announced the acquisition of the battery specialist Futavis. With the purchase of the company, which is located near the Dutch border, “Deutz AG is supplementing its electrification strategy ...
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NewsJetten Jachtbouw sold
Jetten Jachtbouw of the Netherlands has been sold to MSAR, a Malta-based group of companies owned by Jack Wijnants.
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NewsFasco Fastener sold
Wurth Industry North America has acquired Fasco Fastener, a distributor of stainless steel, silicon bronze and brass fasteners, as part of its global growth strategy.
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NewsUS interiors specialist merges with Italian SY yard
Genesis Interiors, a US-based builder and installer of handmade luxury interiors for yachts and private homes, has merged with Italy’s Cantiere Viareggio.
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NewsSafe Harbor Marinas acquires Newport Shipyard
Newport Shipyard in Newport, Rhode Island, has been purchased by Safe Harbor Marinas, becoming the 85th property for the Dallas, Texas-based owner operator, which has facilities in 19 states.
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News
Norwegian engine distributors merge
Two Norwegian engine distributors, AS Kellox and Loxkel AS, are to merge on January 1, 2020 and form one company under the name Kellox.
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NewsYPI sold to Singapore investment group
Superyacht services provider YPI (Yachting Partners International) has been bought from the French commercial shipping brokerage house, BRS, by Mercantile & Maritime Investments (M&MI), the investment division of the Singapore-headquartered group, for an undisclosed price.
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NewsMB92 sold to European investment firm
Marina Barcelona 92 (MB92) today announced that Squircle Capital, a European alternative investment firm focused on private equity and value-add real estate investments, has acquired 77.5% of the Spanish superyacht refit, repair and maintenance group. The transaction, which has received regulatory approval, is expected to close, subject to customary closing ...
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NewsUK marina operators complete merger
The merger of UK marina operators Dean & Reddyhoff and Quay Marinas has now been implemented. The transaction brings together 11 marinas on the UK south coast, Bristol Channel, Irish Sea, the Clyde and East coast. A new nationwide cruising pass has been issued for berth holders offering access to ...
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NewsNorthern Marine sold
Seattle Yachts, a new boat dealer and yacht brokerage firm with offices in the Pacific Northwest, Southern California and South Florida, has purchased US boatbuilder Northern Marine. Included in the sale are the rights to the Northern Marine brand, the shipyard in Anacortes, Washington, the tooling, and intellectual property.
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NewsPendennis acquires Vilanova Grand Marina
Multimillion-euro deal sees UK yard buy majority stake in Spanish superyacht marina
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NewsMarine compliance firms merge
HPi Verification Services (HPiVS), the UK’s only Notified Body for the EU Recreational Craft Directive (RCD), has merged with RCD specialist CEproof to create HPi-CEproof. Both companies are leading players in the global marine compliance industry.
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NewsMoonen Yachts under Australian ownership
Moonen Yachts, the Dutch superyacht builder that went bankrupt this summer, says Matthew and Louise Baxter of Australia are its new owners, replacing Mexican steel giant Altos Hornos de Mexico (AHMSA).
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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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