Company: Premier Marinas, Universal Marina
Business Type: Marina Operator
UK & International Business Sales and M&A News
Marina operator Premier Marinas has bought Universal Marina for an undisclosed sum.
Premier Marinas, established in 1994, owns and operates nine prestigious marinas on the South Coast, with over 5,000 berths combined, providing boat storage services and boatyard facilities. Current projects for the marina operator include the multi-million pound regeneration of Noss on Dart and the highly anticipated Sales Pavilion development at Swanwick.
Pete Bradshaw, CEO of Premier Marinas, is looking forward to adding to the portfolio.
He commented:
“We are delighted with the purchase of Universal Marina and are looking forward to integrating the site into the Premier Marinas group.
“Universal Marina complements our existing portfolio and adds to our already successful operation at Swanwick Marina.
“We take a long term approach to the ownership of our marinas and have the experience and investment capacity to further enhance this site.”
Pete Bradshaw – CEO of Premier Marinas
Until now, Universal Marina on the River Hamble has been privately owned and operated, offering berthing and dry stack facilities for over 350 boats, with 240 walk ashore marina pontoon berths, a 130 boat dry stack facility and a full-service boatyard, including a 75 tonne travel hoist. The site is also home to an onsite café and restaurant and a thriving tenant community with around 30 marine and non-marine commercial tenants housed in approximately 68,000 square feet of commercial buildings.
The purchase will bring Premier Marina’s second marina on the Hamble, to join its others including Brighton, Chichester, Gosport and Falmouth.
Avia Willmet, the previous owner of Universal Marina will step down from her role as managing director. Graham Bristowe, the long-serving general manager at Premier, will manage the newly named ‘Premier Universal Marina’ alongside Premier’s Swanwick site. Chris Wood will transfer from Swanwick Marina to become Duty Manager and will manage the day to day operations.
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