The former business managers of South Boats IOW have completed the purchase of the assets and equipment of the company for an undisclosed sum, saving skilled marine jobs in Cowes.
All of the South Boats IOW plant, equipment and employees have now transferred to a new company, Diverse Marine Ltd. Headed by Ben Colman and Matt Floyd, Diverse Marine will continue to offer commercial vessel repair and refit, supporting previous, existing and new clients with any requirements.
Last month the parent company of South Boats IOW revealed that they were withdrawing from the Isle of Wight.
Ben Colman, Director of Diverse Marine has said:
“We are delighted to announce the completion of the purchase and formation of Diverse Marine – we are overwhelmed by the support from clients, suppliers and the wider marine industry as we take the company into the future. This is enormously positive news for all the families of staff involved and for the island’s marine industry.
“We have a strong vision for the future and have started to map how we may get there. The support and integration of our team as the company steps on this path is very important to us.”
Diverse Marine will continue to be based at Medina Yard, with a lease in place for the next 3 years and a commitment to secure the future of the business for the long term.
A new portfolio of commercial vessel designs is being developed in conjunction with multiple third party Naval Architects, including RIB’s, fishing boats, work boats and, looking to the future, wind farm crew transfer vessels, to create a diverse range of craft for any application. The company will be led by the industry and ensure designs are available to meet any requirement.
“Starting afresh and leaving the past behind has been invigorating for everyone involved. With the continued and much valued support of existing customers and suppliers we believe Diverse Marine has a very bright future”.