More M&A News – Page 35
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Bainbridge International undergoes MBO
MD Andrew Smith acquires UK sailcloth and hardware manufacturer
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Great Lakes broker and marina operator expands US coverage with Florida-based acquisition
Detroit-headquartered KAM Yacht Sales has significantly expanded its US activities with the acquisition of Luke Brown Yachts in Ft Lauderdale, Florida. Kam Yacht Sales is part of KAM Marine Ventures LLC, which is a division of Lormax Stern, a real estate, investment and management group.
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Major restructure at developers of Oman’s Mina Al Sultan Qaboos Waterfront project
UAE’s Damac bought out of the development
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Six US marinas change ownership in two acquisitions
Safe Harbor buys five; Southern Marinas one
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Hering Propellers sold
One of the most iconic brands in offshore racing and high-performance boating, Hering Propellers, has been acquired by FJ Propeller Midwest. FJ, located on Missouri’s Lake of the Ozarks, was founded by two-time world champion offshore racer Casey Boaz, who heads the CR Racing team. “I think Hering Propellers has ...
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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.
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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.
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Sam Allen Wholesale acquires Reelax
Australia’s foremost marine and game fishing equipment brand will continue to operate from its Queensland facilities
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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.
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MarineMax acquires Northrop & Johnson, creating world’s largest superyacht services firm
The acquisition is expected to be accretive in its first full year
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Otto Piening GmbH acquires Thies Propeller
The German propeller manufacturer now offers solutions for smaller yachts
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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.
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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).
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White Shark boat brand changes hands again
French boat importer acquires the storied White Shark boat brand
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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.
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CVC Capital Partners completes acquisition of D-Marin
Dubai Harbour Marina is included in the CVC deal Confirmation of the acquisition of the D-Marin group facilities in Greece, Croatia and the UAE by the Luxembourg-headquartered private equity group CVC Capital Partners has been belatedly received following an announcement by British Marine, the UK’s marine leisure ...
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Sanlorenzo confirms interest in Perini Navi
Sanlorenzo is a world leader in motoryachts over 40m in length Italian superyacht-builder Sanlorenzo today confirmed that it is evaluating a possible acquisition of fellow yacht builder Perini Navi SpA. For this purpose, Sanlorenzo has obtained an exclusivity period from Perini Navi majority shareholder Fenix Srl, a ...
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FLIR withdraws Raymarine sale
In discussion with analysts on the company’s first quarter results today, FLIR Systems has confirmed that it has withdrawn the sale of Raymarine initially announced in late February. FLIR president and CEO Jim Cannon told investors that prior to the outbreak of Covid-19, the company was well-advanced in the ...