Business Type: Sail Maker
UK & International Business Sales and M&A News
North Technology Group (NTG) has acquired two renowned sailmakers, Doyle Sails and Quantum Sails. Both brands will maintain their unique identities and operate independently, ensuring their legacy and competitive edge remain intact.
North Technology Group originated was founded in 1957 when Lowell North launched North Sails in San Diego. It now operates in marine and manufacturing markets worldwide with its 13 brands including North Kiteboarding, Salmon, Southern Spars and Rigpro.
Sam Watson, NTG’s CEO, said:
“North Technology Group is passionate about the sailing industry, and with big ambitions and a relentless drive we are continuously evolving. We see a real opportunity for growth and development by bringing Doyle Sails and Quantum Sails into the NTG family. We look forward to welcoming their customers and our new colleagues on this journey.”
Sam Watson – CEO of NTG
Quantum Sails, with its HQ in Traverse City, Michigan, has been providing sailing products since 1996 and now operates at more than 60 sail lofts around the world, including the UK, Ireland, France and the Netherlands. Its proprietary iQ Technology®system is used to perform virtual testing and complex analysis of aerodynamic performance and determine the ideal structural requirements of each sail.
Ed Reynolds, President of Quantum Sails, commented:
“At Quantum, we’ve always focused on providing the best-performing products and customer service in sailing. We have a rich history in the industry and our sails have donned some of the most premier boats in sailing. We look forward to working within the NTG family to help sailors at all levels to continue enjoying the sport they love.”
Ed Reynolds – President of Quantum Sails
Doyle Sails provides changing technologies that support growth and progression for all sailors, including superyachts and high-performance Grand Prix campaigns. With sail lofts worldwide, including the US, Australia, the Far East and Europe, it also has a keen interest in sustainability and the ocean environment.
Mike Sanderson, Doyle Sails’ CEO, said:
“After eight years at the helm, the decision for Doyle Sails to combine forces with NTG was a ‘no-brainer’ for David Duff, Richard Bouzaid and me. It ensures the longevity of the brand we are so committed to; it will keep challenging innovation in sailing, and it brings significant opportunities for our team, sailors, and customers. I could not be more excited about leading Doyle Sails into the next chapter and chasing the next challenge.”
Mike Sanderson – Doyle Sails’ CEO
Peter Dubens, NTG’s Chairman, concluded:
“NTG are long-term supporters of sailing. We want to grow the sport by investing in skills and innovation, by supporting new technologies in sailmaking, and by committing to accomplishing all this in a sustainable way. In Doyle and Quantum, we have found two brands and businesses that support our values and goals.”
Peter Dubens – NTG's Chairman
Quantum Sails will continue to be led by Ed Reynolds and Andrew Scott, and Doug DeVos will remain involved in the business, and as an investor in NTG. Mike Sanderson will continue to lead Doyle Sails. Both companies will continue to manage their own lofts, sales and marketing teams, and product suites. The NTG ownership structure will provide each brand with the freedom, financial security, and resources to improve and offer better experiences for sailors.
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