New Broom owners sweep in

Norfolk’s most famous boatbuilder, Broom Boats, is under new ownership

Family business Broom Boats has been acquired by new owners, following the decision by Martin and Jennifer Broom to hand over the baton of management.

The two new buyers are named as Mark Garner and Akis Chrisovelides and they join the board as chairman and managing director respectively. No details are currently available on the nature of the deal or the amounts involved, with both men simply described as highly successful businessmen from the Norfolk area.

Broom Boats, which is entering its 112th year, has historically been a family-run business. Until this announcement the company had been run by Martin and Jennifer Broom, the third generation of Brooms to head up the operation.

Martin and Jennifer felt the time was right to hand over the baton to a new management team, although Martin Broom, who has worked for the company since the 1960s, will stay on in a presidential capacity.    

The move has been seen as a positive one inside the yard, with hopes for future consolidation and model development.