Two complementary British marine companies concentrating on superyacht prospects are actually below the identical possession. Pendennis Shipyard’s mum or dad firm, Pendennis Group, has taken majority possession of Cockwells, the {custom} tender builder in its identical residence area of Falmouth, England.
Cockwells acquired its begin 28 years in the past, due to founder Dave Cockwell. Again then, the corporate rented area in an area shipyard in Bristol, England. As we speak, it has three websites in Cornwall and counts upwards of 140 staff. Dave Cockwell stays concerned, too, because the gross sales and technical director. From the beginning, the corporate has custom-designed and custom-made tenders of a wide range of sizes and styles for international prospects. Lately, for example, the proprietor of the 367-foot (112-meter) Renaissance, the most important yacht in-built Spain, took supply of 4 of tenders. Moreover, a Cockwells catamaran limo tender serves the 525-foot (160-meter) Blue, a Lürssen from 2022 (beneath).
Though its tenders are what megayacht prospects know finest, Cockwells additionally gives semi-production motorboats just like the Duchy and Hardy sequence, each rising in reputation. This is without doubt one of the explanation why Dean Brief, Cockwells’ managing director, says the group has been in search of help. So, too, have extra prospects been requesting extra—and bigger—tenders. Pendennis being native plus targeted on superyachts makes it “completely positioned,” he says, “to maneuver the enterprise to the following section in its marketing strategy.” Moreover, each Cockwells and Pendennis prioritize apprenticeship packages.
The 2 corporations are already conversant in each other. A number of Pendennis shoppers have taken supply of Cockwells tenders, actually. They embody house owners of yachts constructed at Pendennis and ones refitted there. instance of the latter is the basic yacht Marala (beneath), which wrapped up a restoration two years in the past.
“Cockwells shares most of the values which can be integral to the Pendennis Group and serves most of the identical prospects and contacts,” notes Toby Allies, Pendennis Group’s managing director. The acquisition will broaden what Pendennis can supply to these prospects, he provides.
Cockwells’ administration group is remaining in place, and the shipyard will proceed working independently.
The acquisition brings yet one more boating model into the Pendennis Group fold. The Pendennis Group consists particularly of Pendennis Shipyard, its refit yard Pendennis Vilanova (close to Barcelona), and interiors producer Norfolk Interiors.
Cockwells cockwells.co.uk
Pendennis pendennis.com
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