Coastal Veterans Repair Group has acquried Voyager Maritime Alliance Group (VMAG), provider of marine electronics, systems integration, and vessel support services based in Fort Lauderdale, Florida.
The acquisition is said to represent a significant milestone in Coastal Veterans Repair Group’s ongoing expansion into high-end yacht systems, navigation, and marine technology sectors.
The Group intends to synergise Coastal’s capabilities in shipbuilding and repair with Voyager Maritime’s experience in custom systems integration, to offer a comprehensive suite of services to both commercial and private maritime clients initially across the US, with plans for global expansion.
This is more than just a strategic acquisition-it’s a values-aligned partnership.
Eugene Thelin
As part of the acquisition, David Leone, founder and former owner of Voyager Maritime Alliance Group, will retain a consulting role with the company.
“Coastal Veterans Repair Group is the ideal acquirer, recognising its alignment with VMAG’s values and vision,” said David.
“I would like to take this opportunity to express my appreciation for the unwavering support of loyal customers, employees, and the yachting community throughout my 30-year journey.”
Eugene Thelin, partner at Coastal Veterans Repair Group, added: “This is more than just a strategic acquisition – it’s a values-aligned partnership.”
Significant investment
And Eugene emphasised that the acquisition is more than a strategic move, stating that it is a values-aligned partnership.
Coastal Veterans Repair Group intends to retain VMAG’s Fort Lauderdale location and personnel.
Simultaneously, the organisation plans to allocate significant investment in emerging technologies, training programs, and nationwide field service capabilities.
Core competencies
Coastal Veterans Repair Group is a veteran-owned ship repair and marine services firm headquartered in North Carolina.
The company employs a combination of former military personnel and private sector professionals.
Core competencies include project management, shiprepair maintenance and modernisation and shipyard and dockside services.
