More M&A News – Page 39
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MB92 sold to European investment firm
Marina Barcelona 92 (MB92) today announced that Squircle Capital, a European alternative investment firm focused on private equity and value-add real estate investments, has acquired 77.5% of the Spanish superyacht refit, repair and maintenance group. The transaction, which has received regulatory approval, is expected to close, subject to customary closing ...
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UK marina operators complete merger
The merger of UK marina operators Dean & Reddyhoff and Quay Marinas has now been implemented. The transaction brings together 11 marinas on the UK south coast, Bristol Channel, Irish Sea, the Clyde and East coast. A new nationwide cruising pass has been issued for berth holders offering access to ...
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Northern Marine sold
Seattle Yachts, a new boat dealer and yacht brokerage firm with offices in the Pacific Northwest, Southern California and South Florida, has purchased US boatbuilder Northern Marine. Included in the sale are the rights to the Northern Marine brand, the shipyard in Anacortes, Washington, the tooling, and intellectual property.
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Snag-A-Slip buys SlipSure
The online boat slip rental category is beginning to consolidate with the acquisition of SlipSure, the largest app for instant and same-day slip bookings, by Annapolis, Maryland-based Snag-A-Slip, positioning the company as “the category leader across all types of boater reservations,” according to a news release from the firm.
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Pendennis acquires Vilanova Grand Marina
Falmouth, UK-based superyacht builder and refit specialist Pendennis Shipyard is expanding its Mediterranean presence further with the purchase of a majority stake in Vilanova Grand Marina in Barcelona, Spain. The company was already associated with Vilanova, as it is developing a refit and repair centre at the Spanish facility. No ...
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Marine compliance firms merge
HPi Verification Services (HPiVS), the UK’s only Notified Body for the EU Recreational Craft Directive (RCD), has merged with RCD specialist CEproof to create HPi-CEproof. Both companies are leading players in the global marine compliance industry.
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JCE acquires Baltic Safety Products AB
Company founder, Per Frode, to remain as minority owner of the company
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Burgess Yachts signs partnership deal with Boat Lagoon Yachting
New link to strengthen superyacht activities in Thailand
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Interior Technology Services gets new owner
Interior Technology Services (ITS) of the Netherlands has sold its US operations and the new owner is looking to expand operations.
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Moonen Yachts under Australian ownership
Moonen Yachts, the Dutch superyacht builder that went bankrupt this summer, says Matthew and Louise Baxter of Australia are its new owners, replacing Mexican steel giant Altos Hornos de Mexico (AHMSA).
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Lippert completes Lewmar takeover
The £33m-plus acquisition of UK marine equipment manufacturer and supplier Lewmar Marine by its US competitor, Lippert Components, has now been completed. Four new American directors were appointed on August 1, as revealed by a Lewmar Ltd’s filing with Companies House, the UK business register, today.
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Twin Disc acquires Veth Propulsion
US-based Twin Disc, maker of transmission, propulsion, steering and other systems for marine and other sectors, has acquired family-owned Veth Propulsion of the Netherlands.
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BRP’s Telwater acquisition completes the perfect strategic, philosophical marriage
BRP’s purchase of the iconic Australian boat and trailer builder, Telwater, completes what both sides of the transaction look at as “the perfect marriage”.
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Inmarsat buyers provide assurances to UK government
Following the news that the proposed $6bn acquisition of the satellite communications group, Inmarsat, had been referred to the UK Competitions & Markets Authority (CMA) for clearance, the buying consortium has given reassurances to the UK government about its future commitments to the UK.
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Inmarsat takeover referred to UK competition authority
The takeover offer for global satellite communications firm Inmarsat has been referred to the UK Competition and Markets Authority on the grounds that the deal, which involves taking the company private, may have national security implications.
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Annapolis Inflatables sold
Two long-time Annapolis, Maryland marine businesses will be combining forces now that Fawcett Boat Supplies has completed its acquisition of Annapolis Inflatables (AI).
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EagleTree Capital acquires Invincible Boat Company
New York-based private equity firm EagleTree Capital has acquired a majority stake in Invincible Boat Compan
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Nautor’s Swan Palma merges with Spanish refit firm
Nautor’s Swan Palma has merged with EMV Marine, the group’s authorised service and refit partner in Spain.
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Wider Yachts acquired by international trio of businesses
Beginning of a new era for the Italian brand
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Lippert acquires Italian window blind manufacturer
Elkhart, Indiana-based Lippert Components Inc (LCI) has acquired Siena, Italy-based window blind manufacturer Lavet Srl.