UK & International Business Sales and M&A News

Dedicated marine agency First Peninsula Marine has confirmed Completion has taken place on a sale of Westways of Plymouth Ltd, a market leading yacht and motorboat importer located in the historic maritime port of Queen Anne’s Battery Marina, Plymouth in Devon.

Founded in 1998 international award winning Westways imports, commissions and sells a range of sail and motor boats manufactured by the French company Jeanneau as well as representing the Finnmaster range of boats.

Westways also has a very successful resale brokerage business.

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.

• Guide Price: £2,000,000

• Turnover: £4,888,200

• Adj EBITDA: £523,000