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 fit-out specialists worldwide.
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 that 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 shopfitting industries.”
Notes to Editors
For further information please contact Maxine Kelly, Marketing Manager at Fastmount: firstname.lastname@example.org or +64211867226
Fastmount is an award-winning New Zealand company designing and manufacturing hidden fasteners specifically to service the marine, architectural, aviation and recreational vehicle industries globally. With boatyards in over 50 countries using the Fastmount Panel Mounting System, its exceptional performance in the marine sector has since attracted companies in the architectural, recreational vehicle and aviation industries to use Fastmount products. Fastmount’s global network of agents and distributors combines extensive experience in the marine industry and understanding of the architectural and interior design sectors. For more information about Fastmount visit www.fastmount.com.
About Nautical Group Holdings
Nautical Group Holdings Limited (NGH), is a new entity that has acquired all the shares of Railblaza Limited, NTD Plastics Limited and Fastmount Limited. The group aims to achieve a dominant market position for each of its niche portfolio brands whilst accelerating an innovation focus with speed to market whilst assisting portfolio companies to build out governance and corporate functions to a higher level of maturity to support growth. It will capitalise on a broad range of well-developed relationships with global distributors, partners and customers supplying best in class solutions. NGH is backed by Oriens Capital Fund 2 LP, Ross Pratt and portfolio management investors.