Dean & Reddyhoff and Quay Marinas have announced that they have signed contracts to merge their businesses, which involves the takeover of East Cowes Marina.
The deal is expected to complete in the next 3 months and the combined business will operate the second largest number of coastal marinas with the widest network around the coast of the UK.
With 11 marinas in England, Northern Ireland, Scotland and Wales, the new business offers visitors and berth holders access to the stunning boating destinations of Cowes, Hamble and Portsmouth Harbour, Dorset, the Bristol Channel, Irish Sea and the Clyde.
As part of the deal, which signed on 29th May 2019 for an undisclosed sum, there is a planned £10 million investment programme over the next 5 years. Alongside 11 marinas, 4,000 berths and 150 staff, the new business will operate boat yards, boat repair and maintenance and boat sales.
Michael Prideaux, Managing Director of Dean & Reddyhoff comments:
“Our customers at all our marinas know what they are getting – a friendly, warm, professional experience and a great atmosphere. By merging with Quay Marinas, we will be bringing together the strengths of both companies and our joint ambition is to make our marinas the destination of choice for all types of boaters in the UK, across the whole of the UK.”
Current berth holders will benefit straight away with berth swaps between the marinas and free nights for those cruising between destinations. From Autumn 2019 the 2 companies will have completed the merger and will be owned and operate all the marinas under one brand.
The 11 prime coastal marinas in the new business are:
• Bangor (serving Northern Ireland)
• Conwy Quays (serving Cheshire/Liverpool/Manchester/North West England)
• Deacons, Hamble (serving the Solent, Hampshire, South East England)
• East Cowes (serving the Isle of Wight/Solent, South East England)
• Haslar (serving Portsmouth Harbour /Solent, Hampshire, South East England)
• Penarth (serving Cardiff Bay / South Wales)
• Portishead (serving Bristol / South West England)
• Portland 2012 Olympic Marina (serving the Dorset Jurassic Coast / South West England)
• Rhu, Firth of Clyde (serving Glasgow / Edinburgh, Central Scotland)
• Royal Quays, Newcastle (serving North East England)
• Weymouth (serving the Dorset Jurassic Coast / South West England)
