The latest news from around the world on mergers, acquisitions and exits across all sectors of the boating industry.
Mergers, Acquisitions & Exits
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.
US boat and yacht retailer MarineMax has acquired Private Insurance Services, a specialty yacht insurance agency, for an undisclosed sum.
Australia’s foremost marine and game fishing equipment brand will continue to operate from its Queensland facilities
The UK’s Fairline Yachts today announced that the RiverRock European Opportunities Fund II has acquired a majority stake in the business.
The acquisition is expected to be accretive in its first full year
The German propeller manufacturer now offers solutions for smaller yachts
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.
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).
French boat importer acquires the storied White Shark boat brand
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.