During February 2019, our client STF Group completed the sale of 70% of its business to a private investor.
Established over 20 years ago by Scott Fickling, the business has evolved to become one of Auckland's leading specialist marine maintenance and management companies. It provides marine engineering services, including:
- Marine maintenance
- Marine refurbishment
- Capital projects, including the construction of board-walks,seawalls,wharves and jetties; and
- Boat yard management
After 20 years of working in the business, Scott believed the time was right to sell a majority stake of his business and partner with an experienced and capable investor to help capitalize on STF’s strong market position, forward order book and growth opportunities.
Whilst Scott remains actively involved in the business, the sale has allowed his more time to spend with his young family, as well as spending the winter months sailing abroad.
ENDEAVOUR BUSINESS SALES
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