Morgan Marine Under New Ownership
Morgan Marine, the well-established Boatyard based in Brightlingsea, Essex has changed hands.
Until now, the business has been owned and run by the Morgan family for over 45 years. Owners Ric and Steve Morgan openly declared their intention to sell late last year and received no shortage of interest. However, they were very clear on the nature of the buyer desired; “Having spent many years building the business to its current standing and responsible for employing over 15 staff as well as serving many loyal customers, we wanted to ensure that any potential new owners were looking to continue our legacy as well as move the business forward. We are extremely pleased to introduce the Miller family as new owners of Morgan Marine”.
Graham Miller and his son Oliver have not only been keen boaters for many years but bring sound business acumen, a very high-level of technical ability, and a pioneering-vigour crafted from Formula One racing. Graham has spent the last 20 years in a senior management position at Mercedes-Benz Grand Prix, the formidable five-times double-World Championship-winning Formula One team. Prior to joining Morgan Marine in September last year, Oliver spent the last five years building Mercedes race cars to impeccable standards.
A controlled transition will take place from February 2019 and Ric, Steve and Gilly will continue to play a vital role in the business, albeit it on a reduced basis, for the foreseeable future. They are very much targeting a seamless transaction in the eyes of the customer.
“Oli and I have got to know Ric, Steve and Gilly really well over the past six months as we worked together towards the end goal of sale and acquisition. We will build upon the solid foundations laid over many years, and continue to develop the business promoting sustainable future growth.
With our engineering and business background, we’ll pick the very best of certain motorsport discipline and technology and apply it to the boating environment. We are setting our sights on becoming a world-class high-technology business that manifests itself in a number of different ways. In some ways, it will be hardware through the type of tooling employed. In other ways, it will be services and solutions delivered through optimised efficiency. Primarily, it will still be people with knowledge, skill and application.
Our top priority is to continue to serve our customers well, to implement the new marina proposal thereby embarking upon an exciting journey to develop the boatyard, its moorings, facilities and workshops. By continuing to invest in our agility and capability, we’ll build a platform for future success that will earn us the opportunity to remain, Best in Boating.” Graham Miller.
For further information, please contact:
Graham Miller 07801 673346
Oli Miller 07842 156840
Ric Morgan 07810 300018
Steve Morgan 07899 871849