On 30 November 2021, Nautical Group Holdings Limited (“NGH”) acquired 100% of the shares of Fastmount Limited (“Fastmount”). Oriens Capital Fund 2 LP remains the majority shareholder of NGH with a 63% stake.
Fastmount was founded in 2004 by Gregg Kelly, a boat builder who identified a need in the boat-building industry for a superior panel mounting system using hidden fasteners. The Fastmount panel mounting clip system allows interior panels to be easily removed and refitted in any sequence, time and time again.
Fastmount is recognised as the global gold standard for panel mounting used to achieve the perfect panel finish on superyachts and has since also attracted the attention of architects around the world looking for a better solution to mount interior panels in buildings. Fastmount continues to grow sales through its large distributor network with its unique product range now serving different applications across the marine, architectural, industrial, RV and aviation sectors globally.
Watch the ‘Introduction to Fastmount’ video HERE, for an insight into the business and products.
Fastmount is the third trading company of NGH alongside Railblaza and NTD. Fastmount aligns strongly with the group, as it also has a core market of marine with products predominantly made through plastic injection moulding. As well as increasing the overall scale and breadth of the group, the acquisition of Fastmount presents opportunities to realise group synergies in product development, manufacturing, distribution and marketing.
NGH remains open to further opportunities in the marine, boating and related products sectors.