lewmar

Lewmar Marine

lewmar

Profile of the company

Lewmar is a leading sailboat and powerboat equipment supplier to the leisure marine market. The Company designs and manufacture a range of anchor windlass, bow thrusters, hatches and portlights, sailboat hardware, winches and steering equipment.

Bestport first invested in Lewmar in April 2014 to provide growth capital to facilitate the design and launch of new products, helping the business to open up new markets and expand.

Under guidance from Bestport, the Company grew its revenues by over 50% to £56.2 million with EBITDA growing by over 200% to £5.3 million. In August 2019 the business was sold to Lippert Components Inc, a subsidiary of NYSE-quoted LCI Industries. The sale represents a return of 6.1x for Bestport Investors on their original funds invested.

  • Sector – Manufacturing
  • Location: Havant
  • Investment type: Growth Capital
  • Date of transaction: April 2014
  • Status: Realised in August 2019
  • www.lewmar.com

We only back experienced management teams and Lewmar is an excellent case in point. We saw that the Company was an exceptionally well recognised and trusted brand in the marine market and that under the leadership of Peter Tierney there was an opportunity to expand and develop the business and its range of products. Peter and his management team have done a fantastic job in building a market leading marine products business. We are delighted with the sale and the return to our investors and I am sure the business will continue to thrive under the ownership of LCI Industries

James Stoddart, Bestport Partner
eastern fostering services
Affinity EFS Group is a group of two independent fostering agency consisting of Eastern Family Services (EFS) and Affinity Fostering Services (Affinity). Together, they cover Essex, Suffolk, Cambridgeshire, Lincolnshire and Kent.
Read Case Study
London at night
ESL is a fast-growing LED consultancy that designs, supplies, and installs LED solutions for the healthcare, local authority, education, and commercial sectors. ESL has grown over 50% in each of the last two years on the back of positive market trends as the government and commercial markets become more focused on the environment and reducing carbon emissions.
Read Case Study
playful promises
Playful Promises is a London based lingerie and swimwear e-commerce business. Bestport invested in February 2021 after the business, which has a presence in the UK, USA and Australia, had experienced rapid year on year growth.
Read Case Study