Business Type: Manufacturer
UK & International Business Sales and M&A News
Safety and Survival Systems International (3Si), backed by August Equity, has acquired Typhoon International Ltd, with Meridian Corporate Finance acting as advisors.
Headquartered in Southampton, Safety and Survival Systems International (a group including Ocean Safety Limited and Revere Survival Inc.) specialises in the worldwide supply, distribution, service and hire of marine safety equipment including life rafts, lifejackets and EPIRBs.
Typhoon, with its HQ in Redcar, is the world’s largest manufacturer of drysuits and a key player in the diving and watersports markets. The company has been innovators in providing personal protection from the elements since 1947, manufacturing high-quality marine products, including drysuits, wetsuits, diving suits, buoyancy aids and more.
London based August Equity invests and supports companies to build scale and fulfil their potential to become market leaders in attractive growth areas of the UK economy.
David Lonsdale, Partner at August, has been impressed with Meridian’s service.
He commented:
“We have been impressed with the high quality corporate finance advice provided by Meridian both during our initial investment in to Ocean Safety, when they were advising the vendors, and our follow-on acquisition where they have yet again delivered with Typhoon to further enhance the product offering and global reach of 3Si.
“The guys did a great job and we are keen to use Meridian going forwards on this buy and build and other non-3Si deals.”
David Lonsdale – Partner at August
Meridian Corporate Finance has been providing advice to business owners and management teams since 2002, working alongside clients to determine their strategic aims, including completing company sales, MBOs, raising finance or facilitating investments.
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