Covers and sails manufacturer is sold

United Kingdom
5th October 2020

Covers and sails manufacturer is sold

covers and sails
Company: Armada Sails
Business Type: Sail Maker

Plymouth-based Armada Sails has a new owner at the helm.

Armada Sails, based in Yacht Haven Quay, is a regional sail loft specialising in manufacturing yacht, motorboat and dinghy canvas covers and sails, as well as offering a full repair and valeting service. It is a Distributor for Ullman Sails for the South West region. The business supports owners throughout South Devon including the boating hotspots of Kingsbridge and Salcombe, as well as Plymouth.

New owner Nathan Hanley was previously employed at Ullman Sails in Plymouth, and felt it was time for a new challenge.

Nathan commented:

First Peninsula Marine provided valuation and transaction support to the deal.

Richard Shelmerdine, the outgoing owner, who founded Armada Sails in 2012, commented:

About Armada Sails

About First Peninsula Marine

First Peninsula Marine is a specialist business sales and acquisitions agency focused exclusively on the marine and maritime sectors. Operating nationally to provide a range of strategic advisory services to business owners, trade buyers, financial institutions and private investors. First Peninsula Marine advises on a wide range of instructions from £multimillion corporate finance backed transactions and strategic plc acquisitions to local owner-managed business sales.

www.firstpeninsulamarine.co.uk

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