Marine Industry News keeps track of who is acquiring whom across the marine industry. Find out which marine trade companies are buying, merging or splitting in this series of articles.
Finnish Axopar Group has acquired a majority shareholding in Markos Sp. z.o.o. through its newly founded subsidiary AX Composites, with the intention of becoming one of the world’s leading manufacturers of composite technology. Markos, located in Slupsk, Poland, specialises in building componentry for heavy industry as well as the energy, marine and leisure industries and […]
OneWater Marine has released a statement following a rumoured deal with MarineMax. On Sunday (2 June), Bloomberg reported OneWater Marine has been in talks to acquire its larger rival MarineMax. The news outlet says OneWater has made ‘an all-cash, $40-a-share offer for MarineMax‘. OneWater Marine made the following statement ‘in response to inquiries regarding recent news’: ‘As […]
Suntex Marina Investors, the largest standalone recreational marina owner in the US by marina count and boat slips, has joined forces with Almar Marinas through the acquisition of four marinas located in Oakland, California. These four marinas in Oakland include Jack London Square Marina, North Basin Marina, Central Basin Marina and Union Point Marina, which […]
Storrar Marine is now named Marine Chandlery, following its acquisition by superyacht company, West Nautical, based in the north east of England. Storrar Marine went into liquidation and was put on the market in early 2024. West Nautical, founded in 2004, is a full-service superyacht company with head offices in Newcastle upon Tyne as well […]
A Delaware-based crisis management consulting firm has been appointed as the receiver for Grand Rapids-based boat dealer Tommy’s Boats, which has mounting financial and legal woes. A report in Crain’s says Thomas Beane, president of Beane Associates, has taken control of the boat dealership’s assets and income and will work to pay off its debts […]
Luxembourg-based private equity firm CVC Funds is to acquire up to 30 per cent of paints and coatings manufacturer Hempel. CVC has a network of 29 offices throughout EMEA, the Americas and Asia, and has approximately €186bn of assets under management. While the Hempel Foundation continues to be the majority shareholder in Hempel, CVC Funds […]
Electric catamaran builder Silent-Yachts has revealed a new owner and new management after finalising a deal to take it out of administration. Amid rumours of bankruptcy that have persisted since the start of the year, the Austrian-Italian shipyard has confirmed that American-German investor Michael Said, through his acquisition vehicle Helios Yacht Investments GmbH, has taken […]
The narrowboat holiday company Anglo Welsh has bought Sally Narrowboats, offering canal boat hire on the Kennet & Avon Canal at Bradford on Avon Marina in Wiltshire, UK. Carl Cowlishaw, operations director for Anglo Welsh, says: “We’re delighted to announce that Sally Narrowboats on the Kennet & Avon Canal at Bradford on Avon are joining […]
An entity affiliated with Dalian Wanda Group has reportedly agreed to sell the boatbuilder Sunseeker International to Lionheart Capital. Last month, rumours began circulating around the marine industry that Sunseeker might be bought by a new entity as its current owners sold off existing assets. The Poole-based luxury boatbuilder, which announced a £40m investment in new […]
Suntex Marina Investors has established a new joint venture that plans to acquire more than $1.25bn worth of marina property in the United States. The firm, one of the largest marina owners in the US, has partnered with Centerbridge Partners and other Centerbridge-affiliated funds and global institutional investors, according to a statement released on Wednesday […]
Yamaha Motor has closed its acquisition of marine electric propulsion manufacturer Torqeedo. The closing of the share purchase agreement with German engine manufacturer Deutz AG, the previous owner of Torqeedo, was first announced in January and confirmed on Wednesday (3 April 2024). “With Yamaha Motor, we have a strong strategic partner at our side to […]