Marine Disribution Company ‘Seaware’ Sold

United Kingdom
31st July 2014

Marine Disribution Company ‘Seaware’ Sold

Company: Seaware
Business Type: Distribution

First Peninsula Marine Advises on the Sale of Seaware.

Dedicated marine agency First Peninsula Marine has confirmed Completion has taken place on a sale of Falmouth-based marine distribution company Seaware.

Established 25 years ago by husband and wife team Guy and Mary Taylor, Seaware has grown to become one of the UK’s leading marine equipment distributors, specialising in marine fastenings, paints and other equipment, supplying its products all over the UK.
Now, on positive completion of the sale and transfer of the shares in Seaware Limited, ownership has been passed onto another husband and wife team, Paul and Samantha Clark.

The commercial sale arrangements were handled by Sean McQuitty, Managing Director of First Peninsula Marine, a company specialising in the sale and acquisition of businesses in the marine and maritime sectors.

Paul said Seaware’s excellent team of employees, and supplier relationships with high quality manufacturers attracted him to the company. Having previously been involved in the hospitality sector, Paul was keen to be involved with a service based industry with lots of customer contact. He explains;

Sean McQuitty concludes;

About Seaware

Seaware specialises in supplying marine equipment, fastenings and fittings to a wide ranging client base which includes boatyards, boat builders and chandleries located throughout the South West of England and beyond via its telesales, online, catalogue and trade counter operations.

www.seaware.co.uk

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

Deal Summary

  • Guide Price: £550,000 + SAV
  • Financials: Undisclosed
  • Transaction Structure: Share Sale

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