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Dean & Reddyhoff and Quay Marinas have announced that they have signed contracts to merge their businesses. The deal is expected to complete within the next three months. The combined business will operate the second largest number of coastal marinas with the widest network around the coast of the UK. The transaction enables 24 million people to have access to first class marina services within 90 minutes of home.
With 11 marinas in England, Northern Ireland, Scotland and Wales, the new business offers visitors and berth holders access to the stunning boating destinations of Cowes, Hamble and Portsmouth Harbour, Dorset, the Bristol Channel, Irish Sea and the Clyde.
As part of the deal, which signed on 29 May 2019 for an undisclosed sum, there is a planned £10 million investment programme over the next 5 years. With 220 acres of land and sea, as well 11 marinas, 4,000 berths and 150 staff, the new business will operate boat yards, boat repair and maintenance and boat sales.
Michael Prideaux, Managing Director of Dean & Reddyhoff comments, “With participation in watersports in the UK growing, by merging with Quay Marinas, we will be bringing together the strengths of both companies. We already offer first class marina services to existing berth holders and visitors and ambition is to make our marinas the destination of choice for all types of boaters in the UK, across the whole of the UK.”
Current berth holders will benefit straight away with berth swaps between the marinas and free nights for those cruising between destinations. From Autumn 2019 the two companies will have completed the merger and will be owned and operate all the marinas under one brand.
Both marina companies have significant history of developing and operating marinas with first rate facilities that are part of the community. As well as providing berths for boats, the full range of services that customers need will be offered for experienced and new boaters. Customers can learn to sail, buy a boat, eat, drink and relax, have their boats maintained – all with the same consistent high levels of service.
Simon Haigh, Managing Director of Quay Marinas continues, “We are all looking forward to a busy boating season. We are confident that our visitors and berth holders can look forward to us making it even easier for them to spend time out on the water. Whether they are cruising, racing, fishing or diving, behind the scenes we’ll be working hard to make sure that our new company puts what our customers want at the heart of our business.”
The 11 prime coastal marinas in the new business are:
Bangor (serving Northern Ireland)
Conwy Quays (serving Cheshire/Liverpool/Manchester/North West England)
Deacons, Hamble (serving the Solent, Hampshire, South East England)
East Cowes (serving the Isle of Wight/Solent, South East England)
Haslar (serving Portsmouth Harbour /Solent, Hampshire, South East England)
Penarth (serving Cardiff Bay / South Wales)
Portishead (serving Bristol / South West England)
Portland 2012 Olympic Marina (serving the Dorset Jurassic Coast / South West England)
Rhu, Firth of Clyde (serving Glasgow / Edinburgh, Central Scotland)
Royal Quays, Newcastle (serving North East England)
Weymouth (serving the Dorset Jurassic Coast / South West England)