Premier Marinas has announced the acquisition of the UK’s Dart Marina Group, comprising Dart Marina, Dart Marina Hotel and the Dartmouth Higher Ferry.
The acquisition has been funded by Premier Marinas’ long-term owner, Wellcome, as part of its investment portfolio contributing to funding scientific research and innovation aimed at improving global health. Profits from the organisation are used to support work addressing urgent health challenges worldwide.
The addition of Dart Marina located on the River Dart at Dartmouth, UK, further strengthens Premier’s South Coast network and together with Premier’s Noss on Dart Marina, brings together two Dartmouth sites once associated with the River Dart’s historic Philip & Son shipyard.
Our intention is not to change what makes it special, but to support and build on it for the long term.
Pete Bradshaw
“We are particularly pleased to be welcoming the Dart Marina Group team into the wider Premier Marinas group,” said Pete Bradshaw, chief executive of Premier Marinas.
“The Dart Marina Group is an already successful and highly respected collection of businesses, with a fantastic team and a strong identity of its own.
“Our intention is not to change what makes it special, but to support and build on it for the long term.”
And he emphasised that the business is expected to continue to operate as usual under the new ownership, with continuity for customers and stakeholders a priority.
Significant contribution
Further investment will be carried out over time.
Pete also paid tribute to the long-standing stewardship of Dart Marina under its previous ownership.
Pete Bradshaw added: “We would like to recognise the significant contribution made by the previous owner, Richard Seton, and his team in building Dart Marina into the successful business it is today.
“Their work has created a strong foundation, and we are committed to respecting that as we look to the future.”
