YFM's Gill Marine bolts on Gill North America

The North American company previously operated independently under a distribution agreement and will now become integrated into the wider group, expanding Gill Marine's presence into the US, Canada, Mexico and the Caribbean.

The transaction comes four and a half years after YFM supported the management buyout of the UK-based company from its founder Nick Gill.

Upon completion, the consolidated group will have a turnover of £20m, a third of which will be accounted for from the US market. According to a statement, Gill Marine's revenues grew by 15% in 2017. At the time of YFM's initial investment it had a turnover of £12m.

David Pritchard will continue in his role as senior vice-president of Gill North America following the deal.

Company
Founded in 1984 and headquartered in Buford, Georgia, Gill North America is a manufacturer of technical sailing clothing and accessories. The company generates revenues of $8m, according to the statement.

People
Gill Marine – Jamie Tunnicliffe (CEO).
Gill North America – David Pritchard (senior vice-president).

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