KV PRIVATE EQUITY AQUIRES CANADA’S CAMPION MARINE – TO BE LED BY LORNE NOKONECHNY AND BROCK ELLIOT
Nov 6, 2018
KV Private Equity has announced that they have acquired the business of Canadian Campion Marine. Founded in 1974 and located in Kelowna, BC, Campion manufactures a large range of recreational fiberglass boats that are distributed globally via local dealer partners. Campion is recognized as Canada’s largest independent fiberglass boat builder!
Photo by Craig Ritchie
“Campion provides an exciting entry point into the marine market, and is a natural fit with our existing portfolio of investments in the recreational vehicle space”, said Jonathan Herman, COO of KV Private Equity. “We were attracted to the Campion due to the strength of its brand, loyal dealer network, and the dedication of its long-term employees and ownership group over the last 45 years of operations.”
A letter from Lorne Nakonechy and Brock Elliot tells us that “For 45 years, Campion Marine has been building products that generations of boaters have enjoyed to create life long memories and adventures. You, as a Campion Marine Dealer have been our partners in providing this experience to our mutual customers and we want to thank you for all of the support throughout the years.
With this letter, Campion Marine and KV Private Equity are pleased to jointly announce the transition of Campion’s business into its next phase of growth with KV as owners.
Campion Marine has been a family enterprise for 2 generations and accordingly the decision to transition the business to KV was made strategically and with the best interests of Campion’s future as the primary consideration. KV’s strong team and experience in the recreational vehicle industry are assets that will benefit us as we move forward together. We will fully support KV throughout the next phase of Campion’s growth, and are committed to continuing the Campion Heritage and building on this strong foundation to capture new and exciting opportunities with you.”
The new organization will be led by Lorne Nakonechny in the capacity of CEO, and Brock Elliott will act as an advisor to Lorne while also transitioning to retirement. Other Campion contact personnel will remain the same.”
For further information please visit: https://campionboats.com/.
