M&A Deal Summary

Entertainment Cruises Acquires Harbor Cruises

On March 31, 2007, Entertainment Cruises acquired marine company Harbor Cruises

Acquisition Highlights
  • This is Entertainment Cruises’ 2nd transaction in the Marine sector.
  • This is Entertainment Cruises’ 2nd transaction in the United States.
  • This is Entertainment Cruises’ 1st transaction in Maryland.

M&A Deal Summary

Date 2007-03-31
Target Harbor Cruises
Sector Marine
Buyer(s) Entertainment Cruises
Deal Type Add-on Acquisition

Target

Harbor Cruises

Baltimore, Maryland, United States
Harbor Cruises Ltd. is a private operator of passenger vessels.

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Buyer(S) 1

Buyer

Entertainment Cruises

Chicago, Illinois, United States

Category Company
Founded 2006
Sector Marine
DESCRIPTION

Entertainment Cruises offers dining and sightseeing cruises to customers in eight major U.S. geographic markets. The company operates 30 customized vessels serving over 1.5 million passengers annually, making it the largest U.S. maritime dining cruise operator.


DEAL STATS #
Overall 2 of 3
Sector (Marine) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-13 Spirit Cruises

Chicago, Illinois, United States

Spirit Cruises, LLC is the largest harbor cruise company in the United States and operates a fleet of 12 ships cruising in seven of America's most popular port cities, including Boston, Chicago, New York and Weehawken, NJ (New York Harbor), Norfolk, VA, Philadelphia and Washington, D.C. Spirit offers lunch and dinner cruises that include energetic live song and dance entertainment, buffet dining, dancing to a DJ and sightseeing. In addition to its Spirit vessels, it operates Bateaux New York, a luxury glass dining yacht; and Elite Yacht Charters, which are private charter vessels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-29 Mariposa Cruises

Toronto, Ontario, Canada

Mariposa Cruises is a Toronto's largest hospitality cruise operator, Mariposa Cruises has served the city's waterfront and Lake Ontario with dining cruises, sightseeing and private charters since 1987. Given its longstanding reputation, the business will continue to operate under the Mariposa Cruises brand and will remain headquartered at its home base in the heart of the Toronto Harbourfront at the Queen's Quay Terminal Building.

Buy -