CFI advised The Marine & Property Group on its acquisition of Port Dinorwic Marina

Cardiff – CFI UK advised The Marine & Property Group on its acquisition of Port Dinorwic Marina.

The Marine & Property Group Limited announces the acquisition of Port Dinorwic Marina. Offering 180 berths, in the beautiful setting of Port Dinorwic, the marina is the latest addition to the company’s portfolio. The new relationship with The Marine Group, will see the marina benefit from their experience in marina development and management through a range of additional support and investment.

The Marine & Property Group has existing centres in Cardiff, Swansea and Aberystwyth. The company offers an integrated approach to boat owners with an established service offering including; 350 berths at Cardiff Marina; 165 berths at Aberystwyth Marina; 110 drystack spaces in Cardiff; Cardiff Marine Village marine business park; and boatyards in Cardiff and Swansea.

The acquisition of Port Dinorwic Marina, which includes a range of food and beverage outlets, offices, shops and workshops, is the most recent development in an ongoing programme of investment for the company. Last year saw the company, double the size of its Cardiff boatyard; purchase an outboard engine company, a dredger and a Sealift.

The addition of Port Dinorwic Marina, complements the company’s existing marina locations around the coastline of Wales, and will see the company extend their approach of offering complementary marine services to this new location. It provides an additional location for the continued growth and development of their boatyard services. These include support for all types of inboard and outboard engines and a range of specialist services including insurance repairs, Hot Vac osmosis treatment, Dek-King Dealer, 3M Gelcare Centre and Approved Awlgrip and International Application Centre.

Drew McDonald, Director of The Marine & Property Group said: “We are delighted to welcome Port Dinorwic Marina to the company. We look forward to meeting berth holders and working with the existing team to further enhance the services and facilities available at the marina. We will be introducing a number of initiatives to Port Dinorwic Marina including our Refer a Friend promotion and a Visitor Exchange Programme between our marinas in Cardiff, Aberystwyth and Port Dinorwic.”

Christopher Odling-Smee, Director added “The business will, over the coming years, continue to complete marina acquisitions and we will use this to widen its offering to customers. We are pleased to welcome the staff and customers of Port Dinorwic to The Group”.

Tim Brotherton, Associate Director at CFI UK’s team and retained advisor to The Marine & Property Group said: “CFI are delighted to have advised The Marine & Property Group on its successful acquisition of Port Dinorwic Marina. The acquisition is an important part of the Group’s growth plans as the business continues to grow through a combination of strategic acquisitions and enhancing existing services and facilities provided to customers”.

The transaction closed on 19 July 2017.

Related

• https://www.insidermedia.com/insider/wales/new-owner-for-port-dinorwic-marina