NBC Capital's presence increases the company's capability to fund further growth, says Mustang. With almost 12 months of orders already in place, the new management team intends to invest in new staff and facilities over time to meet increasing demand for Mustang's luxury sports cruiser range.

According to Garoni, the MBO is "a natural evolution in the company's growth".

"I want to see Mustang become an international powerhouse in the marine industry and this is the best way to achieve that goal, " he said. "I'll continue to help Mustang with strategic development, but the operations of the company will be left entirely to our tremendous management team."

Mustang Cruisers' growth will be overseen by an experienced board to be assembled by NBC Capital and the management team. Gary Garoni will be a member of this board.