Family-owned marine engineering company sold to French boating distributor

Europe
15th August 2022

Family-owned marine engineering company sold to French boating distributor

Family-owned marine engineering company sold to French boating distributor

AR Peachment, based in Norfolk, has been sold to the French recreational boating distributor Alliance Marine Group.

AR Peachment was launched in 1966 by Tony Peachment and wife Daphne, and is now run by their sons Kevin and Andrew. The business provides marine mechanical, hydraulic and electrical systems support, supplying and partnering many of the leading charter fleet operators throughout the inland waterways of Europe. It is also the UK & Ireland distributor of Nanni Diesel marine engines.

Kevin Peachment said it was “a very exciting time” for the business.

He commented:

Based in La Garde in France, the boating distributor Alliance Marine Group designs, develops and manufactures proprietary products including safety at sea and rescue equipment, as well as distributing boat fit-out and maintenance complete solutions.

Advising on the sale was Mark Watson from Ashtons Legal’s Corporate and Commercial Team, assisted by Charlotte Vallins and Jessica Piper. Chris Bidgood at Lees Accountants provided accounting and tax advice.

Watson said:

The team of 10 at AR Peachment will remain, with brothers Kevin and Andrew Peachment continuing as managing director and technical director respectively.

Picture (from left): Jessica Piper, Andrew Peachment, Anthony Peachment, Daphne Peachment, Kevin Peachment, and Mark Watson of AR Peachment – Credit: Ashtons Legal

About AR Peachment About Alliance Marine Group

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