More M&A News – Page 41
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Singapore government moves to take over Keppel and Sembcorp Marine
The Singaporean government is bidding to acquire a controlling stake, using its Temasek Holdings investment arm, in Keppel Corporation – a large, diversified business group with significant marine activities in shipbuilding and the offshore sector. The marine interests include Marina at Keppel Bay, one of Singapore’s key yacht marinas.
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Lippert Components acquires SureShade
US-based parts and accessories manufacturer Lippert Components Inc (LCI) announced late Monday that it has acquired Rodan Enterprises LLC, manufacturer of the SureShade brand of retractable sunscreens.
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Pacsoft International sold
Jonas Software has acquired marina management software specialists Pacsoft International for an undisclosed sum.
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UK Docks buys Royal Clarence Yard
UK Docks, a British ship repair firm with facilities on Tyneside, Teesside, Plymouth and Gosport, recently acquired the 5.7-acre Royal Clarence Yard in Gosport, a former military site that offers access to deep water.
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Matrix Yachts files for liquidation
Cape Town luxury catamaran builder Matrix Yachts has applied for voluntary liquidation in the Cape Town High Court.
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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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Fortress 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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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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Jetten 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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Fasco 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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US 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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Safe 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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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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Patrick Industries acquires GG Schmitt & Sons
Patrick Industries in the US has completed its acquisition of marine OEM supplier GG Schmitt & Sons in a deal characterised as “aligned with our strategic initiatives and capital allocation strategy,” according to a news release from the Indiana-headquartered company.
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YPI 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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MB92 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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UK 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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Northern 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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Snag-A-Slip buys SlipSure
The online boat slip rental category is beginning to consolidate with the acquisition of SlipSure, the largest app for instant and same-day slip bookings, by Annapolis, Maryland-based Snag-A-Slip, positioning the company as “the category leader across all types of boater reservations,” according to a news release from the firm.
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Pendennis acquires Vilanova Grand Marina
Falmouth, UK-based superyacht builder and refit specialist Pendennis Shipyard is expanding its Mediterranean presence further with the purchase of a majority stake in Vilanova Grand Marina in Barcelona, Spain. The company was already associated with Vilanova, as it is developing a refit and repair centre at the Spanish facility. No ...