M&A Deal Summary

WRMG Acquires Hatteras Yachts

On May 20, 2021, WRMG acquired marine company Hatteras Yachts from Versa Capital Management

Acquisition Highlights
  • This is WRMG’s 1st transaction in the Marine sector.
  • This is WRMG’s 1st transaction in the United States.
  • This is WRMG’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-05-20
Target Hatteras Yachts
Sector Marine
Buyer(s) WRMG
Sellers(s) Versa Capital Management
Deal Type Add-on Acquisition

Target

Hatteras Yachts

New Bern, North Carolina, United States
Hatteras Yachts is a designer and manufacturer of fiberglass sports fishing convertibles, motor yachts, and cruising yachts in various models.

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Buyer(S) 1

Buyer

WRMG

Springfield, Missouri, United States
Category Company
Sector Marine
DESCRIPTION

WRMG is a large builder of fishing and recreational boats. WRMG is also a member of Springfield, Missouri-based Bass Pro Group, an organization that includes Bass Pro Shops and Cabela’s.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Versa Capital Management

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Distressed Investor
Founded 2004
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Versa Capital Management is a private equity firm focused on investing in complex or distressed situations. Versa will consider businesses headquartered in North America and valued between $100 million and $1 billion. Prospective investment situations include buyouts, divestitures, recapitalizations, restructurings/turnarounds, take privates, rescue financings, and liquidations. Versa Capital Management is headquartered in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 18 of 19
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (North Carolina) 2 of 2
Country (United States) 18 of 19
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-25 BridgeStreet Worldwide

Herndon, Virginia, United States

BridgeStreet Global Hospitality is an online provider of fully furnished properties in key metropolitan locales ideal for business and pleasure that combine the luxuries of spacious apartment living with the benefits of hotel amenities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 SynCardia Systems

Tucson, Arizona, United States

SynCardia Systems is a medical technology company focused on developing, manufacturing and marketing the SynCardia Total Artificial Heart, an implantable system designed to assume the full function of a failed human heart in patients suffering from end-stage biventricular (both sides) heart failure. SynCardia Systems is based in Tucson, Arizona.

Sell -
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