Sale brings to an end 112 years of family ownership for the Brundall firm
Broom Boats has been sold to a pair of Norfolk-based investors, bringing to an end 112 years of family ownership for the Brundall firm.
The company was bought for a “significant sum” by entrepreneurs Mark Garner and Akis Chrisovelides, who will take up the roles of Chairman and Chief Executive respectively.
Martin Broom will stay on as President to advise the new owners, who say they are planning to launch new boats and grow the business.
“I am delighted to announce these changes. In this difficult climate and complex world, it is vital that the business has the best management team in place and I am confident that the changes made provide the business with the best possible opportunity to be successful in the future,” Martin Broom said.
Broom has been in family hands since 1898, when it was started by Charles J Broom.
His grandson, Martin Broom, now in his 70s, took over the company in the 1960s and with no children willing to take up the reins, had no option but to sell outside the family.