Managing Director of Cockwells, Dean Short said: “Cockwells has been actively seeking support in the marine sector to move the business to the next phase in its business plan – including the production of this year’s new model, the Duchy 45. Fellow Falmouth-based superyacht builders and refitters, Pendennis, are perfectly placed to provide that support and we are delighted to be moving forward with them.”
Cockwells and Pendennis have worked together for many years with a number of Pendennis superyachts having commissioned Cockwells’ highly customised tenders. Both companies are also known for their outstanding track record in terms of developing a multi-talented workforce, for innovation, apprentice training and excellence in all aspects of yacht building, and will work together to continue to develop their in-house teams.
The Pendennis Group consists of Pendennis Shipyard, a dedicated superyacht service facility in Falmouth; a Mediterranean marina and Technical Service Centre near Barcelona – Pendennis Vilanova – and a luxury bespoke interior manufacturer, Norfolk Interiors.
Toby Allies, Managing Director of the Pendennis Group explained: “Cockwells shares many of the values that are integral to the Pendennis Group and serves many of the same customers and contacts. Partnering with Cockwells will expand Pendennis’ offer to our client base within the superyacht sector.” He added: “Cockwells’ activity complements our core group strategy and with the company’s strong forward order book and ambitious plans for expansion, we are excited to welcome Cockwells to the Pendennis Group.”
Dave Cockwell, Founder of Cockwells Modern & Classic Boatbuilding, and now Sales and Technical Director, has spent 28 years growing the company from its humble beginnings. With the company now building Duchy and Hardy semi-production vessels as well as bespoke, luxurious superyacht tenders, global demand for Cockwells’ boats is increasing along with their size. Dave commented: “Over the past 28 years, we have grown from renting a tiny space in Underfall Boatyard in Bristol with one apprentice, to operating three sites in Cornwall with more than 140 employees. I am delighted that we are joining forces with the Pendennis Group. With the backing of an established global superyacht brand, Cockwells will grow further and meet the demands of our ever-increasing client base”.
Cockwells will continue to operate independently with the existing management team headed by Managing Director, Dean Short with Dave Cockwell retaining his role of Sales and Technical Director.
Photograph featuring the award-winning 59m Camper & Nicholsons Marala which was restored at Pendennis in 2022, captured here with her Cockwells tender alongside. Photo credit to Stuart Pearce at Yacht Shot
Murrell Associates LLP (Henry Maples, Partner and Annalisa Jernqvist, Trainee Solicitor) were very pleased to advise Cockwells on the transaction
