Company: Aquavista
Business Type: Marina Operator
UK & International Business Sales and M&A News
Aquavista, a residential and leisure mooring provider, has acquired Castle Marinas, which will see its marina offerings expanding to over 5,000 berths UK-wide, at both inland and coastal locations.
The acquisition of the mooring provider, West Sussex-based Castle Marinas, expands Aquavista’s current portfolio of 18 marinas nationwide, with an additional 11 marinas, including Crick Marina and Birdham Pool Marina at Chichester Harbour.
Steve de Polo, Long Eaton-based Aquavista’s Chief Executive, believes the purchase will bring growth opportunities.
He commented:
“We are delighted to announce the acquisition of Castle Marinas.
“Since 2019, Aquavista has focused on a strategy of growing the business through investment in our growing residential moorings and improving marina facilities for all our customers. The acquisition of Castle Marinas opens up additional new growth opportunities across our marina estate.
“The size and structure of this acquisition will enable Aquavista to invest significantly across our whole marina estate. This will enhance the product and service for our customers and help us to deliver on our mission to provide a great waterside experience, whether you live, visit, or work at an Aquavista marina.
“Both Castle and Aquavista have strong customer-focused approaches and combining the two businesses is a natural fit.”
Steve de Polo – Chief Executive of Aquavista
Mike Braidley, Operations Director at Castle Marinas, sees the acquisition as like-minded companies coming together to enhance customer service.
He said:
“Castle Marinas is very pleased to have reached an agreement with Aquavista. It is clear how closely our mission statements align.
“This transaction will support our waterside teams to continue providing a friendly, helpful and professional service at all our locations.”
Mike Braidley – Operations Director at Castle Marinas
The investment was funded by mid-market private equity firm LDC.
LDC partnered with Aquavista in December 2018 to support targeted capital investment across the marina estate. Since then, the business has invested more than £3m to improve its marina facilities.
David Bains, Investment Director at LDC, said:
“We are enjoying working alongside Steve and his team to grow the business by investing in its estate, and this acquisition represents a significant milestone in establishing the firm as the market leader.
David Bains – Investment Director at LDC
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