Fastmount acquired by Nautical Holdings Group
Nautical Group Holdings Limited (NGH) of Auckland NZ, majority owned by Oriens Capital Fund 2, has acquired 100% of Fastmount Limited. Founded in 2013,…
Nautical Group Holdings Limited (NGH) of Auckland NZ, majority owned by Oriens Capital Fund 2, has acquired 100% of Fastmount Limited.
Founded in 2013, New Zealand based Fastmount specialises in hidden panel mounting systems for the marine, architectural and industrial industries, and is used by leading superyacht builders and fitout specialists worldwide.
NGH is a new entity that recently acquired New Zealand’s Railblaza Ltd and NTD Plastics and has a vision to increase market position of its niche portfolio brands including Railblaza and NTD by focusing on innovation while maturing governance and corporate structure to accelerate growth.
“We are super excited to welcome Gregg Kelly and the Fastmount family into the group portfolio as well as having Gregg and Maggie onboard as shareholders in NGH and look forward to working closely with the team to grow the Fastmount brand globally,” commented Marc Michel, CEO of Nautical Group Holdings.
Gregg Kelly, Fastmount Founder and MD added, “After 17 years in business, we’ve recognized this as an opportunity to take the business and product innovation and development to the next level. We believe that with Marc leading NGH and with the support of Oriens Capital, that Fastmount has an exciting future which can only be beneficial for our global customers and partners, and enhance our ability to lead the world with our revolutionary panel mounting solutions for the marine, architectural and shop fitting industries.”
The entity that submits this press release to SuperyachtNews.com hereby accepts sole responsibility for the facts, accuracy and completeness of the content. All content and mediums submitted are an acknowledgement of the suitability for publication. SuperyachtNews.com accepts no liability or responsibility for any inaccuracies or errors made by the submitter in this regard.
Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry’s most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here.