Company: Dean & Reddyhoff, Quay Marinas Ltd
Business Type: Marina Operator
UK & International Business Sales and M&A News
UK marina operators Dean & Reddyhoff and Quay Marinas today announced that they have officially signed contracts to merge their businesses.
The newly combined business will operate the second largest number of coastal marinas with the widest network around the coast of the UK with 11 marinas in England, Northern Ireland, Scotland and Wales.
Alongside 4,000 berths and 150 staff the new business offers visitors and berth holders boat repair and maintenance and boat sales services and access to the stunning boating destinations of Cowes, Hamble and Portsmouth Harbour, Dorset, the Bristol Channel, Irish Sea and the Clyde.
“Our customers at all our marinas know what they are getting – a friendly, warm, professional experience and a great atmosphere. By merging with Quay Marinas, we will be bringing together the strengths of both companies and our joint ambition is to make our marinas the destination of choice for all types of boaters in the UK, across the whole of the UK.”
Michael Prideaux - Managing Director, Dean & Reddyhoff
“We are confident that our visitors and berth holders can look forward to us making it even easier for them to spend time out on the water. Whether they are cruising, racing, fishing or diving, behind the scenes we’ll be working hard to make sure that our new company puts what our customers want at the heart of our business.”
Simon Haigh - Managing Director, Quay Marinas
As part of the deal, which was signed on May 29 and expected to complete within the next three months, there is a planned £10m investment programme over the next five years with all marinas operating under a single brand.
Deal Summary
- Financials: Undisclosed
Comments
No comment yet.