M&A Deal Summary

Lippert Components Acquires Lewmar

On June 12, 2019, Lippert Components acquired marine company Lewmar from Bestport Private Equity for 36M GBP

Acquisition Highlights
  • This is Lippert Components’ 1st transaction in the Marine sector.
  • This is Lippert Components’ 2nd largest (disclosed) transaction.
  • This is Lippert Components’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-06-12
Target Lewmar
Sector Marine
Buyer(s) Lippert Components
Sellers(s) Bestport Private Equity
Deal Type Add-on Acquisition
Deal Value 36M GBP

Target

Lewmar

Havant, United Kingdom
website
Lewmar Ltd. is a provider of leisure marine equipment for yachts, sailboats, and powerboats. Lewmar designs manufacture, and distributes a wide range of components including anchoring systems, hatch, and portlight solutions, powered and manual glazing systems, sail control winches, and hardware, decking products, and steering systems. Lewmar Ltd. was founded in 1946 and is based in Havant, United Kingdom.

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Buyer(S) 1

Buyer

Lippert Components

Elkhart, Indiana, United States

website

Category Company
Founded 1956
Sector Building Materials
DESCRIPTION
Lippert Components' corporate headquarters in Elkhart, Indiana.
Lippert Components' corporate headquarters in Elkhart, Indiana.

Lippert Components, Inc. is a tier-1 supplier serving the Manufactured Housing (MH), Recreational Vehicle (RV) and Cargo/Horse Trailer industries. LCI is an industry leader in a multitude of products including chassis, fabricated steel parts, entry doors, axles, leveling and stabilization equipment, suspension enhancement products, and accessories that enhance the RV lifestyle. Lippert Components, Inc. is based in Elkhart, Indiana.

DEAL STATS #
Overall 22 of 33
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 15 of 25
Country (United Kingdom) 1 of 1
Year (2019) 1 of 4
Size (of disclosed) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-16 Hehr International - Window And Glass Business

Los Angeles, California, United States

Hehr International, Inc. - Window And Glass Business is a provider of windows and glass material for automotive.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 PWR-ARM

Cassopolis, Michigan, United States

PWR-ARM is a fully automatic Bimini, a trusted brand grounded in quality and performance, has revolutionized marine sunshade solutions for over 13 years. The PWR-ARM automatic Bimini’s unprecedented sunshade system allows for protection at the push of a button and can be added to virtually any pontoon or deck boat, providing high-end appeal to any watercraft. It is a premier electric sunshade solution on the market for pontoon and smaller powerboats.

Buy -

Seller(S) 1

SELLER

Bestport Private Equity

Investor Investor

website

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Bestport Capital LLP is a private equity group focused on buyout and growth investments in the UK. The Firm seeks to assist investee companies with key strategic and operational issues, and only backs experienced management teams. Bestport Capital was established in 2005 and is headquartered in London.

DEAL STATS #
Overall 2 of 4
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (United Kingdom) 2 of 4
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-19 TeamSport

Surrey, United Kingdom

TeamSport is an indoor go-karting operator. TeamSport offers indoor tracks of up to 1km in length, which include multi-level karting, banked corners, flyovers and ramps as well as hairpin bends, chicanes, and fast straights. TeamSport was founded in 1992 and is based in Surrey, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 Hilditch Group

Wiltshire, United Kingdom

Hilditch Group is a specialist in the management, auction, and recycling of medical equipment. Hilditch also provides additional support services for clients including equipment maintenance and testing, secure data cleansing, asset management services, and site clearances. Hilditch was founded in 1990 and is based in Wiltshire, United Kingdom.

Buy -
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