Marine Manufacturer CJR Propulsion in Management Buyout

United Kingdom
6th December 2022

Marine Manufacturer CJR Propulsion in Management Buyout

CJR Propulsion, which designs and manufactures precision engineered propellers and sterngear for leading superyacht, commercial, and leisure brands around the world, has been bought by four former members of the management team for an undisclosed sum.

The former Technical Sales Manager of the marine manufacturer Alex Stevens (a Chartered Naval Architect with 25 years experience in the marine industry), Head of Propeller Design Simon Lewis (has an Engineering Doctorate and has worked at CJR for 12 years), Purchasing Manager Hannah Carter (has a BSc and has worked at CJR for 15 years), and Operations Manager Oliver Goodley (BEng MSt is a qualified engineer with 10 years experience in Operations and Project Management) all become directors of the business.

Former Managing Director Mark Russell and Belinda Russell will continue in the role of Chairman and Director.

The move ensures stability for staff, partners, and customers as part of a phased retirement plan.

Mark Russell said:

CJR Propulsion, which has three premises in Southampton, a division based in the USA, and partners in strategic locations around the world, is widely respected for constantly innovating and investing in the latest technology to deliver solutions to its discerning worldwide customers.

Since CJR’s formation in 1948, the company has gone from strength-to-strength and today boasts one of the most advanced marine manufacturing facilities in the country. From its multi-million pound ‘true 5-axis’ CNC machining centre, to its advanced computational fluid dynamics programme and in-house ‘supercomputer’, CJR‘s investment has outstripped industry standards by over 400% in recent years.

New Technical Sales Director, Alex Stevens continued:

Photo: New Directors of the marine manufacturer (back row) Simon Lewis, Oliver Goodley, Alex Stevens and Hannah Carter with (front row) Mark and Belinda Russell at CJR’s headquarters in Southampton.

About CJR Propulsion


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