Owners of a North Wales tugboat venture with an international client base are seeking to exit the business.
Founders and sole equity holdings of Holyhead Towing Company, a subsidiary of Holyhead Boatyard, the Meade family, have appointed finnCap Cavendish to explore exit options and consider approaches.
Founded in 1966 by John and Audrey Meade the business has grown to become an international provider of specialist offshore, shallow-water services through its fleet of tugboats and workboats. The company’s current fleet has been valued at more than £35m.
