Marine Press 22.11-2017

A Quebec-based private investor group announces the acquisition of Marine Press

 MONTREAL, November 22, 2017 – A Quebec-based private investor group led by Champlain Financial Corporation (“Champlain”), including the management of the company, is pleased to announce the acquisition of Marine Press, a global company specializing in the delivery of critical navigational information required by mariners and ship operators.

Founded in 1992 and headquartered in Montreal, Marine Press’ solutions are used by some of the world’s largest shipping fleets and cruise lines. Throughout its existence, the company has earned a strong reputation for customer service and innovation. With an office in Singapore and strategic partners across Asia, Europe and the U.S., Marine Press is well positioned to help ship operators move towards e-navigation. Its proprietary software such as SeaPassage, SeaOps, Digitrace, help companies to safely transition to digital navigation and maintain voyage compliance.

“Over the past few years, we have been making significant changes to our business to address the changing marine navigation market. The arrival of Champlain and its partners will not only provide us with new strategic possibilities but also allow us to accelerate our commercial expansion in key markets while maintaining our ambitious product roadmap.” Commented Marine Press CEO, Nicholas Bourque.

Alain Miquelon, formerly CEO of the Montreal Exchange and experienced technology executive, will act as executive chairman of Marine Press. “It is an honor to participate in this exciting acquisition, and I look forward to working with the Marine Press management team as we execute our business plan and accelerate our global expansion. On behalf of Champlain and our financial partners, I would like to thank the former President George Arts for having built the solid foundations of the business and ensuring its successful transition to Quebec-based investors.”

Champlain was advised by Norton Rose Fulbright LLP, Fasken Martineau DuMoulin LLP and KPMG LLP. PricewaterhouseCoopers LLP and McCarthy Tétrault LLP advised the seller on the transaction.

About Champlain Financial Corporation:

Champlain, a Canadian private holding company based in Montreal, has been building a diversified private investment portfolio since 2005, with a series of investments throughout Canada and the United States. Champlain’s core focus is to serve as a value-added partner in providing equity capital and growth management expertise to small and middle-market companies. www.champlaincanada.com

About Marine Press:
Marine Press offers a complete range of integrated navigation solutions. Our solutions are designed to help maintain voyage compliance while allowing mariners complete oversight on the quality information they need to make critical navigational decisions during day-to-day operations. www.marinepress.com

 

 

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