Morgan Marine boatyard is sold
Morgan Marine boatyard based in Brightlingsea, Essex, has been sold to father and son team Graham and Oliver Miller.
The business has been owned and run by Ric and Steve Morgan for more than 45 years and has 15 staff.
“Having spent many years building the business to its current standing and responsible for employing over 15 staff as well as serving many loyal customers, we wanted to ensure that any potential new owners were looking to continue our legacy as well as move the business forwards,” said Ric and Steve.
Graham has spent the last 20 years in a senior management position at Mercedes-Benz Grand Prix, Formula One team. Oliver joined Morgan Marine last year and prior to that spent five years building Mercedes race cars.
“We will build upon the solid foundations laid over many years and continue to develop the business promoting sustainable future growth,” said Graham.
“With our engineering and business background, we’ll pick the very best of certain motorsport discipline and technology and apply it to the boating environment.
“We are setting our sights on becoming a world class high-technology business that manifests itself in a number of different ways.
“In some ways, it will be hardware through the type of tooling employed. In other ways, it will be services and solutions delivered through optimised efficiency. Primarily, it will still be people with knowledge, skill and application.”
A controlled transition will take place from February 2019 with the Morgan family continuing to play a role in the business.
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