Burgess Marine’s acquisition of Meercat Workboats advised by Brachers advised by Brachers and Reeves
Brachers and Reeves are pleased to announce they have recently acted on the successful acquisition of Meercat Workboats by Burgess Marine.
Dover-based Burgess Marine is the UK’s largest independent ship repairer which works extensively along the coast of the UK, as well as internationally. It is at the forefront of specialised marine engineering, with a worldwide reputation in all aspects of structural and mechanical repairs and renewals. Meercat Workboats design and fabricate road transportable workboats, and are based near Portsmouth, building versatile single, twin and triple hulled workboats which have been sold around the world.
The deal was overseen by Brachers’ Corporate Partner James Bullock and senior associate Matt Simmonds, working with Reeves Tax Partner Margaret Connolly. Both teams also advised on Burgess Marine’s acquisition of Testbank Ship Repair Limited last year. Brachers’ and Reeves work on that deal was recognised at the Kent Corporate Finance Alliance Awards earlier this year – winning the “Deal of the Year” award.
James Bullock commented: “We are delighted to continue our great relationship with Burgess Marine and support the management team in their ambitious growth strategy through this deal.”
Nick Warren, the Managing Director of Burgess Marine, commented:
“Thank you so much for all your hard work and efforts on our behalf and for getting the deal done so quickly but without any loss of professionalism. Another brilliant performance from the Brachers team and we are so happy to have you on OUR side.”
Margaret Connolly added: “Once again it has been a total pleasure and privilege to be part of the dynamic team of advisors working alongside such a fast growing and entrepreneurial client”.
Brachers’ Corporate team specialises in mergers and acquisitions, private equity, joint ventures, share schemes and complex corporate restructuring, with clients ranging from owner-managed businesses to multi-national corporations.
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