• Corporate Finance Transactions

BGL Announces Sale of Motion Control Group of VT Group plc to Naiad Maritime Group, Inc.

May 26 2009

Brown Gibbons Lang & Company is pleased to announce the sale of the Motion Control Group of VT Group plc (LSE:VTG) to Naiad Maritime Group, Inc. and its subsidiary companies formed through a management buyout led by John Venables, former Group President and Chief Executive Officer. BGL served as financial advisor and Goulston & Storrs, PC served as lead legal counsel for VT Group plc in the transaction.

The company is one the world’s leading providers of motion control and stabilization solutions for the leisure, military, and commercial marine markets, with operations in the U.S., the United Kingdom, Holland, and Australia. Its products have historically been sold under the highly-regarded Naiad Marine, Maritime Dynamics, and Vosper Stabilizer brand names. Going forward, the fully integrated business will operate as Naiad Dynamics. The company’s marine products include digitally-controlled advanced ride control systems, fin stabilizers, t-foils, active interceptors, bow thrusters, integrated hydraulic systems, and electro-hydraulic power packs that are sold to a global customer base comprised of leading luxury yacht and commercial vessel manufacturers, as well as many of the world’s navies.
 
Dan Avery, a Director of Goulston & Storrs commented that, “We are pleased to have been a part of the team working on this exciting, multi-country deal. We congratulate our client VT on a successful transaction, and extend our best wishes to John as he takes the Naiad Dynamics business forward.”
 
BGL Senior Managing Director & Principal, Michael Gibbons commented, “This transaction represents an exciting event for the business. The company is well-positioned for the future as John and his team build upon their track record of product innovation, strong technical expertise, and longstanding customer relationships.”
 
For further information please contact Michael Gibbons at (216) 241-2800 or Joe Boleski at (312) 658-1600.
 
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving middle market companies and their owners throughout the U.S. and internationally. BGL’s professionals are experts in mergers & acquisitions, debt & equity placements, financial restructurings, and corporate valuations. BGL is the U.S. partner in Global M&A, the world’s leading partnership of independent middle market financial advisory firms focusing on cross-border transactions. For more information, visit www.bglco.com.
 
About Goulston & Storrs, PC
Goulston & Storrs is a full service law firm with particularly strong expertise in cross-border and middle market M&A and investment work. Founded in 1891, the firm has more than 175 lawyers across 15 disciplines with offices in Boston, New York, and Washington D.C. The marketplace recognizes Goulston & Storrs for its quality work as well as its unique service model. For more information, visit www.goulstonstorrs.com

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