Nautical Group Holdings Limited (NGH) of Auckland NZ, majority owned by Oriens Capital Fund 2, has acquired 100% of Fastmount Limited.
Founded in 2013, New Zealand based Fastmount specialises in hidden panel mounting systems for the marine, architectural and industrial industries, and is used by leading superyacht builders and fitout specialists worldwide.
A future of innovation and development
NGH is a new entity that recently acquired New Zealand’s Railblaza Ltd and NTD Plastics and has a vision to increase market position of its niche portfolio brands including Railblaza and NTD by focusing on innovation while maturing governance and corporate structure to accelerate growth.
“We are super excited to welcome Gregg Kelly and the Fastmount family into the group portfolio as well as having Gregg and Maggie onboard as shareholders in NGH and look forward to working closely with the team to grow the Fastmount brand globally,” commented Marc Michel, CEO of Nautical Group Holdings.
Gregg Kelly, Fastmount Founder and MD added, “After 17 years in business, we’ve recognized this as an opportunity to take the business and product innovation and development to the next level. We believe that with Marc leading NGH and with the support of Oriens Capital, that Fastmount has an exciting future which can only be beneficial for our global customers and partners, and enhance our ability to lead the world with our revolutionary panel mounting solutions for the marine, architectural and shop fitting industries.”