Lancashire marina bought by Aquavista

Aquavista, the UK’s largest residential and leisure mooring provider, has announced the strategic acquisition of three marinas in the North West of England.

The transaction expands Aquavista’s portfolio of 29 marinas nationwide with an additional three high quality marinas, including Fettlers Wharf Marina near Ormskirk and Furness Vale Marina and Marple Marina near Stockport.

Following the acquisition, Aquavista’s offering will provide 32 marinas and over 5,300 marina berths UK-wide, at both inland and coastal locations.

The investment was supported by leading private equity investor LDC. Debt facilities were provided by Barings and Clydesdale Bank.

LDC partnered with Aquavista in December 2018 to support targeted capital investment across the marina estate, improve its marina facilities and deliver first class waterside experiences for its customers.

Aquavista CEO, Steve de Polo said: “We are delighted to announce the acquisition of Fettlers Wharf, Furness Vale and Marple in the North West of England.

"These marinas complement our current 29 location footprint and we look forward to working with the moorers in these new
locations to invest in products and services that will further enhance their mooring experience. Our mission remains to provide a great waterside experience, whether you live, visit, or work at an Aquavista marina.

David Bains, partner and head of the East Midlands and East of England at LDC, said: “This acquisition marks another key milestone for Aquavista as it continues to expand its footprint across the UK and offer an ever-broadening choice of well-connected locations to its customers.

"These three marinas provide the same high level of quality and customer service and will make an excellent
addition to Aquavista’s portfolio”.