One of the world’s most prestigious boat brands has changed hands. Oyster Marine, founded by Richard Matthews 35 years ago, has been bought by private equity firm Balmoral Capital. The company already owns the Italian luxury motoryacht builder Canados. Oyster Marine builds a range of luxury yachts from 45 to 125 feet, and its revenues amount to more than $100 million a year. Matthews will remain as chairman and the existing management team will stay on.
Davis Instruments: Quick Reference Cards
CHECK THESEIf you’re sailing with new crew this summer or your kids have suddenly and inexplicably started to look up from their phones and take an interest in the finer points of cruising, these Quick Reference Cards from Davis are a great way to further their boating education. ...read more