M&A Deal Summary

Fletch Equity Acquires Oceanwide Repair

On January 18, 2023, private equity firm Fletch Equity acquired marine company Oceanwide Repair

Acquisition Highlights
  • This is Fletch Equity’s 1st transaction in the Marine sector.
  • This is Fletch Equity’s 8th transaction in the United States.
  • This is Fletch Equity’s 3rd transaction in California.

M&A Deal Summary
Date 2023-01-18
Target Oceanwide Repair
Sector Marine
Buyer(s) Fletch Equity
Deal Type Recapitalization
Advisor(s) Generational Equity LLC (Financial)

Target

Oceanwide Repair

Long Beach, California, United States
Oceanwide Repair provides marine ship repair services for a variety of vessels from tugboats and barges to very large oil tankers, bulk carriers, passenger ships, and container ships. Oceanwide Repair is based in Long Beach, California.

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Buyer(S) 1

Buyer

Fletch Equity

Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Fletch Equity is a private equity firm focused on the lower middle-market change of control transactions valued from $15 to $75 million. The Firm has a preference for profitable companies ($2 to $20 million of EBITDA) operating in fragmented industries and will consider opportunities throughout the US. Fletch Equity is headquartered in Los Angeles, California.

DEAL STATS #
Overall 8 of 8
Sector (Marine) 1 of 1
Type (Recapitalization) 4 of 4
State (California) 3 of 3
Country (United States) 8 of 8
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 National Research Institute

Los Angeles, California, United States

National Research Institute is a provider of clinical research services. National Research Institute conducts late-phase clinical research trials on behalf of pharmaceutical and biotechnology drug developers in principally metabolic disease states. National Research Institute was founded in 1989 and is based in Los Angeles, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Western Jet Aviation

Van Nuys, California, United States

Western Jet Aviation provides maintenance, repair, and avionics services for business and general aviation aircraft. Western Jet Aviation was founded in 1999 and is based in Van Nuys, California.

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