Armada Acquisition Group has acquired Wing Inflatables. Financial terms weren’t announced. Arcata, Calif.-based Wing supplies tubes, sponsons, and foam collars to the inflatable boat and rigid inflatable boat market. Lafayette, CA-based Armada is an investment firm led by Mark French, a former principal of Greyrock Capital Group; Andrew Branagh, the ex-CEO of Mozzarella Fresca; and, Dr. Bruce Bauer, Founder and General Partner of Newbury Ventures. Woodbridge International provided financial advice to Wing.
NEW HAVEN, CT–(Marketwired – Jul 10, 2013) – Woodbridge International is pleased to announce the sale of its client, Arcata, California-based Wing Inflatables, Inc. to Armada Acquisition Group of San Francisco, California.
Wing Inflatables is the premier supplier of tubes, sponsons, and foam collars to the high-end inflatable boat and rigid inflatable boat market. Wing has recently designed and is launching a family of entirely new inflatable boats and accessories geared to the military Special Forces market.
“Our new combat raiding crafts, the P4.7 and P5.8, brings Wing into new markets and into a new level of growth,” said Elizabeth Wing, vice president of Wing Inflatables. “The time was right to bring in new resources that can help manage the growth, not only domestically but worldwide. Armada’s level of energy and enthusiasm combined with their success in growing companies in the past has convinced us that Armada is the best partner for us at this time.”
Andrew Branaugh, president of Armada Acquisition Group, said, “Wing is an exciting investment because the company remains the undisputed leader in its core market of providing tubes and sponsons, yet it also has a very promising growth opportunity with the new combat raiding crafts.”
Woodbridge International, founded in 1993, is an innovative M&A firm headquartered in New Haven, CT. The firm serves clients from its 11 North American offices and locations in the Netherlands, Mexico, Brazil, Honduras, India and Japan.