Member Article

Dover-headquartered Burgess Marine targets national expansion with latest acquisition

In the latest stage of its national expansion, Burgess Marine has bought a rival marine engineering company.

According to TradeWinds, the Dover-based company has acquired Small & Co Marine Engineering in Lowestoft, and plans to create the first national network of ship repair businesses.

The merger is the first acquisition made by the company, which provides ship maintenance and repairs, since its investment from private equity group RJD Partners in January.

Burgess Marine managing director Nicholas Warren said: “We’ve been working on this transaction for many, many months and it’s great to finally get it across the line. We’re prepared to make a long-term investment in this business and in this port.

“We’re looking for a long-term lease from ABP and we’re looking forward to securing the longevity of the yard, the business and the team that’s employed here.

“Whilst on paper this is an acquisition it is in all reality a merger. Moreover this is a major strategic step in creating the UK’s first national ship repair network.”

“This is a major strategic step in creating the UK’s first national ship repair network. The seven-figure deal will see Burgess holds nine sites across the UK.

Mr Kirby added: “By merging with Burgess Marine we’re not only protecting the business that we’ve work tirelessly to create but we’ve also gone a long way in securing the jobs and the future prosperity of the team that we’ve built up.

“This merger is good for both the business and the town.”

This was posted in Bdaily's Members' News section by Ellen Forster .