Project Engine - Marine Engineering & Services Business
posted 15th April 2025
Details:
Sector: Marine Engineering & Services: Yacht Refit & Maintenance, Superyacht Services, Marine Parts Distribution (OEM parts supply), Regulatory Compliance Services (IMO/MARPOL), Marine Project Management
Location: Spain
Turnover: €3.16m
Advisor: i-Deal Consulting
Contact: gloria.fernandez@i-dealconsulting.eu
Key Highlights:
Experienced team in place
Consistent financial growth
Financials Average EBITDA of 14%
Highly Respected in the marine industry
PROJECT ENGINE: Strategic Exit Opportunity in the Nautical Services & Supply Sector – Proven Marine Engineering Business with Dual Revenue Streams and Strong Industry Partnerships. ENGINE is exploring exit options for its current owners as part of their succession plan.
The shareholders, who have played a strategic role in the company’s development over the past 30 years, are seeking to step back from day-to-day involvement while ensuring a smooth and well-supported transition. The company, a highly respected marine engineering provider with operations focused on the superyacht and commercial marine sectors, offers a robust platform for growth, underpinned by recurring service revenue, strong brand partnerships, and technical expertise recognized by leading Class Societies.
With stable operations and a capable management team in place, the business is ideally positioned for new ownership to build on its momentum and capitalize on multiple strategic growth avenues across the Mediterranean and beyond.
The company has achieved consistent financial growth, with revenue rising from €2.2 million in 2021 to €3.2 million in 2024. Its income is primarily service-based, contributing around 70% of total revenue annually, with the remainder generated through product sales.
Gross margins have remained steady at 53–55%, while EBITDA margins have doubled from 9% in 2022 to a sustained 14% in both 2023 and 2024. This profitability boost reflects increased sales of high value components, stronger business with shipyards, and improved operational efficiency—achieved without expanding the workforce—demonstrating the company’s ability to scale sustainably.
Advisor Details
Gloria Fernandez
gloria.fernandez@i-dealconsulting.eu
i-Deal Consulting is a boutique advisory firm headquartered in Mallorca, Spain. We help SMEs to plan and execute their exits, from readiness to closing, ensuring their business are well-prepared for sale and its value maximized. Our expertise spans industries including marine, hospitality, real estate, transport, and business services.
We offer tailored services for both sellers and buyers, streamlining complex transactions and providing the personalized support that larger firms can't match. For sellers, we assist with business preparation, identifying potential buyers, developing negotiation strategies, managing due diligence, and supporting the closing process. For buyers, we help identify and qualify targets, structure negotiations, and ensure a smooth acquisition.
We also specialize in fortifying the Finance & Strategy functions of businesses, offering dedicated support to those aiming for growth or exploring strategic exit options.
Gloria has over 20 years' experience in financial services and consulting, having started her career with Deloitte Spain and Deloitte UK, she joined GYG as Chief Financial Officer in 2012 after finalising the Joint Venture transaction between Pinmar and Rolling Stock, two of the main players in the yachting industry, and appointed to the Board in 2016 leading the restructuring and post-merger integration and bringing particular strengths in areas such as banking, financial strategy, mergers and acquisitions.
After seven years with GYG Plc and successfully leading the finance function through the IPO in 2017, Gloria decided in 2020 to embark on a new personal and professional path, mainly focused on Investment Advisory offering her unique perspective, proactivity, work ethic and drive to find solutions.
