(PRWEB) July 14, 2010
Viking Pacific, a Canadian investment bank, is pleased to announce that Clear Marine has been successfully acquired by Fehrway Marine Inc. Clear Marine's support staff and headquarters will remain unchanged under the new ownership.
Clear Marine is a Vancouver Island based outfitter of custom boathouse and boating solutions. Fehrway Marine Inc. is committed to continue serving the company's client base by offering new and innovative marine solutions in addition to the company's current services. “We are excited to have a well-established platform to serve clients in the marine sector. Creating user-friendly boating solutions is key to the company's continued expansion in the marketplace,” said Jeff Fehr, the new CEO of Clear Marine.
Viking Pacific acted as the exclusive advisor to both Clear Marine and Fehrway Marine Inc. throughout the transaction. “In our business it is always rewarding to introduce and manage parties that have synergy and linear direction,” said Troy Fimrite, CEO of Viking Pacific. “As M&A advisors, we wanted to ensure that Clear Marine transitioned ownership to a company that would embrace their legacy, employees and clientele.” Viking Pacific recommended Fehrway Marine Inc. as the ideal buyer for this transaction. “We are very proud of the success of the deal and feel fortunate to have played a role in assisting both parties,” said Fimrite.
About Viking Pacific: Headquartered in Victoria, BC, Viking Pacific is a privately owned, investment bank. The organization has guided hundreds of North America companies .
Viking Pacific is a client-driven, service company dedicated to “Connecting, People, Money and Business” . For more information please visit http://www.vikingpacific.ca
About Clear Marine: Based in Sidney, BC, Clear Marine is a privately owned, outfitter of custom boating solutions. The company has built its reputation on creating innovative products such as high quality boathouse curtains and boat lift systems. For more information please visit http://www.clearmarine.com.