Management Buyout of Alicat Workboats & Southboats IOW

Management Buyout of Alicat Workboats & Southboats IOW

Management team led by Steve Thacker and Simon Coote complete MBO of Richards Dry Dock & Engineering Group including Alicat Workboats Ltd and Southboats IOW Ltd from parent Gardline Group.

Recognised as a specialist provider of bespoke marine and engineering services Alicat, which is based in Great Yarmouth, was established in May 2009 as a subsidiary to established shipbuilders and engineers Richards Dry Dock & Engineering Ltd. The business will continue to operate from its current site at Richard Dry Dock in Gt Yarmouth.

Alicat Workboats MBO

Pictured above (left to right): Ed Savory (Birketts), Simon Coote, Steve Thacker and William Kemp (Birketts). Photo courtesy of Birketts.

Alicat Workboats was advised by Lovewell Blake and Birketts LLP. The financial value of the deal was undisclosed.

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