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.
Sailor-Punk and the State of Cruising
Back when I was a young man, sailing back and forth across the North Atlantic in an old fiberglass sailboat, it seemed fairly obvious to me how all that was wrong in the world might be set right. Everyone should be issued a boat at birth! Or so I declared to any who would listen ...read more