FleetPro management buyout

Avalon IlluminationThe management acquired the company FleetPro from the former principal shareholder Waterland Private Equity.

With this step, the measures for the re-orientation of the company initiated by Waterland is successfully completed. The parties have agreed not to disclose any details of the purchase price. A few weeks ago, FleetPro sold the Miami based company (FleetPro Ocean) and its sea going operation activities to Danish investors. FleetPro will concentrate its future activities entirely on the management of river cruise passenger vessels.

Robert Straubhaar, CEO and main shareholder of the FleetPro group: “During the past years we have pursued a successful growth on all waters with Waterland’s support. With the recent sale of the sea going business segment, we now want to focus on our river cruise services. With this step, I look forward to provide the market with our knowledge as a focused company.”

Felix Ammann and Frank Reisenbichler join Robert Straubhaar as shareholders of the company.

FleetPro is the leading independent manager of river passenger ships worldwide, offering a broad range of services; consulting, financial services, insurance management, newbuilding, ship conversion, owners’ representatives, crewing, deck & engine and hospitality management.

As market leader in the river ship management segment, FleetPro operates 44 river cruise vessels with 1’500 employees for 15 tour operators and / or ship owners.