Leading luxury British yacht builder Sealine International based in Kidderminster, UK, has announced that it has been acquired by private investors, led by The Oxford Investment Group,Inc.
Sealine International
Selwyn Isakow, chairman of the Oxford Investment Group commented “we have been looking to enter the leisure marine sector for some years and it was important for us to find the right business. Sealine has produced some world beating boats in the last five years and their success, with a rejuvenated brand in a difficult market, is a fantastic story.”
Selwyn together with fellow investor Conrad Prebys (a successful builder, real estate developer and philanthropist from San Diego, California) plan to expand Sealine’s international presence and will be looking to add other marine brands to their portfolio.
Part of the Brunswick Corporation for more than 10 years, Sealine has established itself as a strong and innovative brand, introducing several award winning models in recent years. Commenting on the sale, Dustan E. McCoy, Brunswick’s chairman and chief executive officer said “we are delighted to be selling to an investor who will continue to take the Sealine story from strength to strength”.
“This decision was part of our strategic review to further refine our product portfolio and to best concentrate our resources on our continuing brands and the marine segments in which we compete,” said Brunswick Chairman and Chief Executive Officer Dustan E. McCoy. “A primary goal at Brunswick going forward is to better exploit our opportunities for organic growth and to gain share in the marketplace. For the past several years, we have been steadily transforming our operating model and business structure to be more consistent with the changing marine market. With the global presence of Sea Ray, Bayliner, Meridian, Hatteras and Boston Whaler, as well as our involvement in regional brands around the globe, Brunswick maintains its leading presence in the world’s marine markets.”
Sealine will be launching their much anticipated new SC42 Sports Cruiser and C48 Coupe at the forthcoming Cannes, Southampton and Genoa Boat shows.
James Bursey, of the Oxford Investment Group, a marine industry veteran, will be assuming the role of managing director.
