Selwyn Isakow, chairman of the Oxford Investment Group commented "we have been looking to enter the leisure marine sector for some years and it was important for us to find the right business. Sealine has produced some world beating boats in the last five years and their success, with a rejuvenated brand in a difficult market, is a fantastic story."
Selwyn together with fellow investor Conrad Prebys (a successful builder, real estate developer and philanthropist from San Diego, California) plan to expand Sealine's international presence and will be looking to add other marine brands to their portfolio.
Part of the Brunswick Corporation for more than 10 years, Sealine has established itself as a strong and innovative brand, introducing several award winning models in recent years. Commenting on the sale, Dustan E. McCoy, Brunswick's chairman and chief executive officer said "we are delighted to be selling to an investor who will continue to take the Sealine story from strength to strength".
Sealine will be launching their much anticipated new SC42 Sports Cruiser and C48 Coupe at the forthcoming Cannes, Southampton and Genoa Boat shows.
James Bursey, of the Oxford Investment Group, a marine industry veteran, will be assuming the role of managing director.
