The latest news from around the world on mergers, acquisitions and exits across all sectors of the boating industry.
Mergers, Acquisitions & Exits
Key Canadian P&A distributors merge
The two largest wholesale parts and accessories distributors in eastern Canada have announced plans to merge operations and operate as a single entity, effective January 2021.
US component supplier continues on acquisition path
US-based component manufacturer Patrick Industries announced it has completed the acquisition of Geremarie Corporation, the fifth addition to its business portfolio this year
Sardinian marina put up for sale by Italian state-owned investment agency
One of Sardinia’s leading marinas has been put up for sale as an investment opportunity by the Italian state-owned Invitalia agency which deals with investments and enterprise development.
Teakdecking Systems acquires Spanish decking provider
Florida, US-based marine decking manufacturer Teakdecking Systems (TDS) has acquired Teak Solutions SL of Barcelona, Spain.
Myers Industries acquires Elkhart Plastics
Acquisition positions US fuel tank manufacturer among five largest rotational molding firms in US
UK boat insurance brand returns under new ownership
Haven Knox-Johnston is now owned by the Aston Lark Group
Canadian marina group acquires eighth property
Maple Leaf Marinas acquires Walker’s Point Marina in central Canada’s Muskoka region
Volvo Penta to exit outboard segment
Swedish engine maker Volvo Penta announced today that it will phase out production of Seven Marine outboard engines, although it will continue to support the brand’s existing customer base
Eekels Technology absorbs bankrupt De Keizer Marine Engineering
Eekels Technology BV, a Dutch builder and installer of electrical drive and shore power connection systems, has agreed to take over De Keizer Marine Engineering which was declared bankrupt on October 15. No financial details were announced.
Scottish boat dealer sold after decades of family ownership
Following negotiations which started in 2019, Scottish boat dealer Euroyachts, based in Largs, western Scotland, has changed hands after decades under family ownership.
UK RIB manufacturer sold to British entrepreneur
Ribcraft UK, based in Yeovil, Somerset, has been bought by UK entrepreneur Toby Adams and looks set to expand on the success it has already enjoyed in growing governmental, military and securities sectors as well as placing a larger emphasis on environmental sustainability.
UK yacht chandler sold
SeaFront Marine Group in the UK has acquired Lymington-based retailer Nick Cox Yacht Chandler, expanding the company’s portfolio of marine product distribution, sales and servicing businesses.
Three Nordic wholesalers merge to form powerful group
Marine companies in the UK and Ireland get new ownership
Mackay Marine expands footprint with SA acquisition
Apax Partners Boats Group acquires another leading online marketplace
Southern Marinas acquires new Florida location
MarineMax acquisition adds 20 locations
One hundred US marinas sold for $2.11bn
Harken Inc gets new owners
UK investment group buys into Perini Navi
Harken acquires longtime Dutch distributor
British boatbuilder acquires Hardy Marine
Patrick Industries buys wood distributor
OneWater broadens digital platform with Boatsforsale.com acquisition
Nova Luxe acquires SA yacht-builder
Temasek withdraws from planned SG$4bn share purchase in Keppel Corp
US private equity firm buys Yale Cordage
Davey & Co London Ltd gets new owner
Dufour sells JJL Catamarans to Croatian charter firm
Scott Bader acquires Summit Composites
Catalano Shipping expands superyacht support into Asia-Pacific with NZ purchase
