More M&A News – Page 42
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NewsNordkapp Boats sold
Norway’s Frydenbo Marine has acquired an 80% stake in Norwegian boat brand Nordkapp Boats. The purchase price was not disclosed.
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ArticleMakings of a Merger: Xantrex & MCE discover an ideal fit
Buoyed by new ownership and steady category growth, Canadian electrical equipment manufacturer Xantrex seeks to build its global market share with funding and development support from MCE.
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True North Powerboats sold
Catalina Yachts in Largo, Florida has acquired Downeast cruiser manufacturer True North Powerboats for an undisclosed sum. The moulds for the True North 34, True North 34 Outboard Express and True North 38 are being moved to the Catalina plant and production will begin this year.
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NewsBolton Marine acquires Daigle
Canadian aluminium boat builder Bolton Marine Group announced this week that it has acquired Daigle Marine, a British Columbia-based manufacturer of welded aluminium yachts and commercial workboats. Terms of the transaction were not disclosed.
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Seattle Yachts acquires Cabrillo Yacht Sales
Less than a year after opening an office on the US east coast, Seattle Yachts has purchased Cabrillo Yacht Sales of San Diego, California.
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NewsPolaris acquires Larson Boats
Minnesota-based Polaris Industries announced late Friday that it has acquired the Larson brand of fibreglass sport and fishing boats from Pulaski, Wisconsin yacht manufacturer Marquis-Larson Boat Group.
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NewsFerretti acquires Wally brand
After months of negotiations, Italy’s Ferretti Group today announced that it has acquired the Wally yacht brand through an exclusive license agreement. The news will be officially presented at the start of boot Düsseldorf, which opens this weekend.
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NewsFlexiteek to acquire UK decking and marine fendering supplier
Flexiteek International, the Swedish producer of synthetic teak decking and 2G technology, has acquired UK-based Wilks for an undisclosed sum.
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Ince & Co close to insolvency prior to Gordon Dadds LLP takeover
Following the recent takeover of Ince & Co by listed legal practice Gordon Dadds LLP, IBI has since learnt that the former was close to insolvency and may have actually been in administration at the time of acquisition.
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North Technology Group purchases Magic Marine, forms new division
North Technology Group (NTG) has purchased MBrands International BV, owners of the Magic Marine technical sailing apparel brand and Mystic kiteboarding accessories, creating a new division of NTG called North Actionsports Group.
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NewsBerthon expands activities with purchase of VersaDock
Berthon Boat Company in the UK has expanded its activities with the acquisition of Marine IP, which trades under the name of VersaDock, for an undisclosed sum. Berthon used its Lymington Marina Ltd subsidiary to make the purchase.
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UK marine firms in recent takeover deals
Two specialist UK marine firms – the Martek Group and Marindus Group Ltd (MGL) – have been taken over recently by UK and Swedish companies respectively.
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Colonial to sell off Hargrave Custom Yachts
Ft Lauderdale-based Colonial Yacht Sales has announced plans to sell off its Hargrave Custom Yachts brand in the first half of 2019. Colonial owner Michael Joyce, who also serves as CEO of Hargrave, and Michael DiCondina, president of both Colonial and Hargrave, have said that that they will seek the ...
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Gordon Dadds completes £27m Ince & Co takeover
The £27.3m acquisition of the UK assets of Ince & Co LLP law firm by AIM-listed Gordon Dadds LLP has now been completed and the shares in the enlarged company, Ince Gordon Dadds, have resumed trading. Ince & Co is one of the largest superyacht law firms worldwide.
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Hamble School of Yachting acquired
Clipper Ventures, organiser of the Clipper Round the World Yacht Race, has acquired the Hamble School of Yachting, one of the Royal Yachting Association’s (RYA) leading UK sailing schools. The acquisition, for an undisclosed price, is part of Clipper’s strategy to grow its involvement with offshore sailing.
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Three companies team up to build Nordic group for boat equipment
After working together under the same ownership since July 2017, Sweden’s Hjertmans and Norway’s NMS (Maritim) have joined forces with Sweden’s Byggplast (SeaSea). The goal is to conduct an even wider Nordic consolidation focusing on profitability.
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US builder winds down operations
Panga Marine in the US is shutting down operations and is being offered for sale as a “turn-key boat manufacturer”, according to owner Rob McDaniel and the listing agent.
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Eliminator Boats sold
California-based Eliminator Boats has been sold from receivership to RevLine LLC, an investment group headed by Eliminator general manager Jake Fraleigh and his business partner, Todd Mobraten, for a reported US$1.5m.
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NewsCarmanah sells marine division assets to SPX
US$77m transaction expected to close in January 2019
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