Weinberg's Alliance Marine joins French mid-market pipeline

The process is underway with indicative bids coming up in early October, the first source said. The France-based business is marketed based on EBITDA of EUR 15m-20m, the two sources said.

Since being acquired by Weinberg in 2016, Alliance Marine went on a bolt-on spree: in 2017 it bought French company Midinox as well as German firm Bukh Bremen, followed in 2018 by Italy-based FNI. After the acquisition of UK-based 3SI in 2018, the group was generating EUR 170m in sales and employing 700 staff, according to a statement by the company.

Subsequently, Alliance Marine acquired French peers Sogeric (2019) and HDS (2020). This year the group proceeded to buy Spainish company Dismarina Mediterranea, Swedish peer Navinordi, and Germany-based 12seemeilen, according to company statements.

Alliance Marine provides boat fit-out and maintenance products, as well as safety-at-sea and rescue equipment, serving the leisure boating, watersports and commercial marine industries. It operates 15 brands, according to its website.

Natixis and Weinberg declined to comment. Alliance Marine did not respond to a request for comment.

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