Leading superyacht mooring products business secures investment
Rockworth advises Fendequip on new partnership with Trusta Industries
Rockworth is delighted to have acted as lead adviser to the shareholders of Fendequip Mooring Products on its partnership with Trusta Industries. The transaction brings together two businesses with a shared focus on specialist manufacturing, long-term stewardship and the value of strong customer relationships.
Founded by Lisa and Paul Chown in 2004, Fendequip has become one of the world’s leading manufacturers of premium mooring products for superyachts and other vessels. Its range of custom products, which includes inflatable fenders, fender hooks, and fender covers, are designed and manufactured in-house at the company’s purpose built factory in Wincanton, Somerset. With a strong reputation for high quality products and exceptional customer service, Fendequip is a trusted supplier to shipyards, captains, crews and distributors across the global superyacht market.
Trusta Industries is a UK industrial group focused on partnering with owner-managed businesses and supporting their long-term growth. It has a ‘buy and own forever’ philosophy, placing a clear emphasis on preserving culture and legacy.
Paul and Lisa will continue to lead the business, with strategic support from Trusta as Fendequip embarks upon its next phase of growth.
Russell Stuart, CEO of Trusta Industries, said: “Fendequip is precisely the type of business Trusta was built to partner with, a genuine market leader in a specialist global niche, with a product that customers simply cannot compromise on. We’re thrilled to be partnering with Paul and Lisa, and the Fendequip team, to take the business to its next chapter.”
Paul Chown, Managing Director, and Lisa Chown, Finance Director of Fendequip, added: “We’ve spent two decades building something we’re genuinely proud of, and it was important to us that any partner shared that pride. From our first conversations with Russell, it was clear Trusta understood our business, our customers, and our values. We couldn’t be more excited about what comes next, for our team, our customers, and the business as a whole.”
