Marine Services business sold by First Peninsula Marine

United Kingdom
11th September 2020

Marine Services business sold by First Peninsula Marine

navigators marine
Business Type: Marine Services

Specialist M&A Advisory firm First Peninsula Marine confirms completion has taken place on its sale of Chichester-based Navigators Marine.

Navigators Marine, which offers comprehensive maintenance support, vessel care and repair services, was founded in 2009, and was owned and operated by Susan and Brian West for the last 15 years. They are now planning their retirement, and the company has been purchased by Peter Draper and Maria Phillips.

Maria, who has over 20 years’ experience in management and customer service, and Peter, who is an engineer, are fitting out the workshop with tooling to enable metal and woodworking in-house, along with engine servicing and tuning equipment to increase their on-site capabilities.

Maria commented:

Susan said:

Maria and Peter are looking forward to continuing the personal service that has been offered by Navigators over the years, and plan to work with the previous owner at busy times.

‘Susan will be helping us out when the workload is at its peak and allowing the firm’s dog Alfie to stay in touch with his many admirers,’ commented Maria.

Paul said:

About Navigators Marine

Navigators Marine operates in a Chichester marina as a one-stop shop Marine Services Centre, offering a full range of services, including winter layups and spring re-commissioning, anti fouling, running repairs in wood, fiberglass and steel. marine engine servicing, electrical engineering, plumbing, heating and gas installations and certification, fire and safety equipment and liferaft supply and servicing.

www.navigatorsmarine.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: £85,000
  • Financials: Undisclosed
  • Transaction Structure: Transfer of Assets & Goodwill
  • Advisors to Navigators Marine: First Peninsula Marine / JC Solicitors

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