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Company Name:. Industry: Select Find a business. RSS Feeds. Advertise for FREE. Free e-news. Tweet Sealine have been sold for an undisclosed sum to a US private equity company. The Kidderminster-based boatbuilder was bought last night by the Oxford Investment Group after weeks of secret negotiations with parent company Brunswick. As part of the deal they have also bought the rights to the Guernsey range of lobster boats, launched by Brunswick in , which they plan to build alongside the existing range of Sealine boats in Kidderminster.
No details of the financial transactions have been released but MBY was told that the deal leaves Sealine debt free and in a strong position to focus on developing its own range of ft sportscruisers and flybridge motoryachts. The employees were informed of the deal this morning. The announcement comes just days before the company is due to launch its new SC42 and C48 models at the Cannes and Southampton boat shows. Canadian-born Bursey is a veteran of the marine industry having previously headed up Neptunus Yachts in Ontario.
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James Bursey, of the Oxford Investment Group, a marine industry veteran, will be assuming the role of managing director. Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "Oxford Investment Group Inc. Oxford Investment Group Inc. Related News. Popular News this Week. Popular News this Month. Latest News. Sealine International. Quick Enquiry. Search for something:. Sealine Sealine. Cannes Cannes is one of the more famous French Riviera We offer ongoing support to our portfolio of world-leading spinout companies with team members working with each company as board representatives, helping to maximise the return to our investors.
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