The latest news from around the world on mergers, acquisitions and exits across all sectors of the boating industry.
Mergers, Acquisitions & Exits
Harken Inc gets new owners
Harken Inc, the US-based deck hardware manufacturer, has been acquired by its employees. The news comes not long after the company announced that it had acquired its longtime Dutch distributor, On Deck BV, for an undisclosed sum.
UK investment group buys into Perini Navi
Italian brand reports €140m losses over nine years and no-go deal with Sanlorenzo
Harken acquires longtime Dutch distributor
On Deck BV now operates as Harken’s eighth foreign subsidiary
British boatbuilder acquires Hardy Marine
Cockwells Modern & Classic Boatbuilding has acquired Hardy Marine
Patrick Industries buys wood distributor
Marine components supplier acquires working capital, machinery and equipment, and real estate of Inland Wood
OneWater broadens digital platform with Boatsforsale.com acquisition
Bricks and mortar boat retailer makes move to expand online presence
Nova Luxe acquires SA yacht-builder
Just one year after launching its first all-electric yacht, US-based Nova Luxe has acquired South African yacht-builder Scape, according to a company statement.
Temasek withdraws from planned SG$4bn share purchase in Keppel Corp
A planned SG$4bn investment by Temasek, the sovereign wealth fund of Singapore, to gain a majority stake in Keppel Corporation, one of the biggest operators in the shipbuilding, offshore and real estate sectors in the island state, has been aborted following the recent poor financial performance of the group.
US private equity firm buys Yale Cordage
In its 99th deal since being established in 1989, US private equity business River Associates Investment has bought Yale Cordage, a leading supplier of rope systems to the recreational and commercial marine sectors. The acquisition was in partnership with Yale’s management team. No value for the purchase has been released.
Davey & Co London Ltd gets new owner
John Buckley of Harbour Marine Services acquires UK boat fittings manufacturer
Dufour sells JJL Catamarans to Croatian charter firm
Italy’s only serial cat producer has been sold to Under Heaven
Scott Bader acquires Summit Composites
Scott Bader Australia Pty Ltd has acquired the assets of Summit Composites Pty Ltd for an undisclosed sum. The GRP resins supplier has been working alongside Summit Composites for over 10 years, with Summit distributing their high-performance resins, gelcoats and adhesives to the Australian market.
Catalano Shipping expands superyacht support into Asia-Pacific with NZ purchase
Click&Boat acquires European competitor
New start for Bente sailboats at Lake Constance
Bainbridge International undergoes MBO
Great Lakes broker and marina operator expands US coverage with Florida-based acquisition
Major restructure at developers of Oman’s Mina Al Sultan Qaboos Waterfront project
Six US marinas change ownership in two acquisitions
Hering Propellers sold
UK council to buy key shipbuilding facility in Cowes
MarineMax buys specialty yacht insurance firm
Sam Allen Wholesale acquires Reelax
Fairline Yachts sold to European investment fund
MarineMax acquires Northrop & Johnson, creating world’s largest superyacht services firm
Otto Piening GmbH acquires Thies Propeller
Aon-Willis Towers Watson merger faces lawsuits
Master Promotions acquires five Canadian outdoor shows
Meraas to merge fully into Dubai Holdings group
Cantiere del Pardo acquires VanDutch
White Shark boat brand changes hands again
Nimbus completes acquisition of Swedish boatbuilder
