Holyhead Towing
Oct 2024
This transaction marks the end of the Meade family’s ownership of Holyhead Towing after almost six decades. The business is passing into good hands with the Fortuna team, and the Meade family will remain active supporters of the Marine Services business in Holyhead which they retain.
We appreciate the hard work of all concerned including our advisers Cavendish and DLA.
We wish Fortuna and the Holyhead Towing team the best of luck for a bright future in their development of the Company.”
STEWART GRAVES
CHAIRMAN, HOLYHEAD BOATYARD LIMITED
Cavendish is pleased to announce it acted for Holyhead Towing Company Ltd. in its acquisition by Fortuna Limited.
Holyhead, a trusted provider in the maritime and towing services sector, brings essential expertise and operational capabilities to Fortuna, enhancing the group’s marine logistics support and aligning with its strategic objectives. This acquisition marks a pivotal moment in Holyhead’s journey, supporting its growth and service capacity within Fortuna’s international operations.
Andrew Jeffs, Partner at Cavendish, commented:
“We are proud to have supported Holyhead in this significant transaction. By joining forces with Fortuna, Holyhead will benefit from expanded resources and opportunities for operational growth. This partnership exemplifies Holyhead’s commitment to excellence in the maritime sector and will strengthen both companies’ capacities in complex environments.”
The deal highlights Cavendish’s dedication to foster strategic partnerships and its ability to execute transactions with an International reach.
Meet the deal team
Deals in the sector
Related News
AI Strategy and Guidance
July 24, 2024
Update to the QCA Code
July 2, 2024
Shareholder Activism and Engagement
July 2, 2024
Sector Update – Technology
June 29, 2024
Meet the New Chair of the AIC
June 27, 2024
Economic Update
December 2, 2023