The latest news from around the world on mergers, acquisitions and exits across all sectors of the boating industry.
Mergers, Acquisitions & Exits
UK council to buy key shipbuilding facility in Cowes
Following a meeting yesterday, the UK’s Isle of Wight Council has reaffirmed its intention to acquire Venture Quays, the part of Cowes harbour which hosts the iconic Columbine Building and home to Wight Shipyard.
MarineMax buys specialty yacht insurance firm
US boat and yacht retailer MarineMax has acquired Private Insurance Services, a specialty yacht insurance agency, for an undisclosed sum.
Sam Allen Wholesale acquires Reelax
Australia’s foremost marine and game fishing equipment brand will continue to operate from its Queensland facilities
Fairline Yachts sold to European investment fund
The UK’s Fairline Yachts today announced that the RiverRock European Opportunities Fund II has acquired a majority stake in the business.
MarineMax acquires Northrop & Johnson, creating world’s largest superyacht services firm
The acquisition is expected to be accretive in its first full year
Otto Piening GmbH acquires Thies Propeller
The German propeller manufacturer now offers solutions for smaller yachts
Aon-Willis Towers Watson merger faces lawsuits
Plans for a takeover deal worth some US$30bn of two major insurance brokerage groups have hit a possible hurdle as at least three shareholder lawsuits have been filed opposing the approach by Aon to acquire Willis Towers Watson. Both businesses are big players in the superyacht insurance market.
Master Promotions acquires five Canadian outdoor shows
Halifax, Canada-based Master Promotions Ltd announced on Wednesday that it has acquired five major-market consumer boat and sporting goods shows from Canadian National Sportsmen’s Shows (CNSS).
Meraas to merge fully into Dubai Holdings group
Marinas a key part of its asset portfolio
Cantiere del Pardo acquires VanDutch
Three new models will be launched in 2021
White Shark boat brand changes hands again
French boat importer acquires the storied White Shark boat brand
Nimbus completes acquisition of Swedish boatbuilder
Sweden’s Nimbus Boats has completed the acquisition of aluminium boat producer Alukin Boats Sweden AB. Alukin, located north of Stockholm, is now a full member of the Nimbus family.
CVC Capital Partners completes acquisition of D-Marin
Sanlorenzo confirms interest in Perini Navi
FLIR withdraws Raymarine sale
Vanquish Boats sold
Century Boats sold to PE firm
Canadian marina operator acquires four more properties
Pier One, Seahorse merge
US brokerage acquires Tartan Legacy Yachts
Southern Marinas acquires three new Florida locations
MarineMax acquires Boatyard digital platform
Tohatsu Outboards NZ under new ownership
Click&Boat acquires German competitor
FPT Industrial acquires electric powertrain specialist
CMP Group acquires MarineTech Products
Major insurance deal stands to consolidate superyacht insurance
Southern Marinas expands footprint in Florida market
FLIR to sell-off Raymarine
Yanmar buys Italian gyro stabilisation firm
EP Barrus acquires Blue Gee brand
Historic Italian brand re-enters yacht market
