Published on: 01 September 2022
First Peninsula Marine is pleased to announce the sale of West Marine Services, after it was purchased by Twisted Marine, sister company to Twisted Automotive.
Marine engineering business West Marine turns over circa £700,000 and provides powerboat service, repair and supply services. The company will join the Twisted Marine group of companies and continue to scale its operations as part of the larger business.
Twisted Marine said the acquisition would support its plans to grow its market presence in the marine sector and help cement its reputation for building and enhancing power boats. West Marine is an authorised dealer for Volvo Penta, Mercury Marine and Yanmar and the business will strengthen Twisted Marine’s dealership links to support customers across the whole of the south coast.
Based in a 1,900 sq ft facility at Brighton Marina Village, West Marine was founded in 2005 and has developed a reputation as a one-stop shop for all types of leisure craft, from small tenders to large yachts. The business’s current owner, Mike West, will exit the business.
Twisted founder Charles Fawcett said: “There are some excellent synergies between our two marine engineering businesses, which together will provide us with a wider client base and expanded capabilities across the south coast. The cultures within the two organisations are remarkably similar, which will ensure a smooth integration and enable us to quickly get on with scaling Twisted Marine further.
“West Marine Services is a second-generation engineering company, with significant engineering knowledge to bring to the Marine Services Group of the future. We very much look forward to welcoming the West Marine team to Twisted, and working together with them to create a centre of marine engineering excellence, firmly putting Twisted Marine on the map as a household name in the marine industry.”
North Yorkshire-based Twisted entered the marine market in November 2020 when Fawcett acquired Devon-based SMS (Salcombe) Ltd for an undisclosed sum and rebranded it as Salcombe Marine Services. Twisted Marine is currently reviewing a number of additional acquisitions to bolster its growth plans.
Twisted Marine is run by Fawcett and managing director Jake Cronk, a fully qualified marine engineer and member of the Institute of Mechanical Engineers who holds a Master’s degree in mechanical engineering. He joined the business following a career with the Mercedes AMG Formula 1 and Formula E teams.
Deal Summary
Guide Price:£225,000
Financials: Undisclosed
Transaction Structure:Acquisition of 100% of Share Capital in West Marine Services Limited by Twisted Marine Limited
Advisors to Twisted Marine: Freeths LLP
Advisors to West Marine: First Peninsula Marine / Alpha Lexis Law Firm
For further information please visit: www.firstpeninsulamarine.co.uk
Contact: 0333 987 3122
