Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Press Release Archive

Meridian engaged by world class Yacht Builder

(Vancouver, British Columbia)  Calgary headquartered Meridian Merchant Capital Canada Ltd. today announced that it has been engaged to assist one of the world’s premier brand names in the yacht building industry, West Bay SonShip.

"The shipbuilding industry has taken a hit largely related to the meteoric rise of the Canadian dollar," explained Meridian President and CEO Keith Turner.  "This has created a unique opportunity for Westbay to explore off shore options for part of its manufacturing process in order to be competitive in the world market.  We have been engaged to advise and assist, as well as arrange financing for that expansion."

West Bay SonShip is a world reknowed builder of yachts, generally in the 50ft. to 110ft. range and  is the premier company in the yacht building industry in Western Canada and certainly the largest. The company has manufactured over two hundred high end yachts over the years and their boats are known for quality and workmanship.  The yacht industry is in a growth phase worldwide, up 8% worldwide in 2006. 

"We have exciting plans to re-energize a family business with a rich tradition in the industry," commented Wes Vermeulen, President of West Bay.  "With Meridian’s corporate finance team and the expertise and advice of Robert McPhail from Meridian Strategy Group, we are poised to respond to consumer demand for the kind of high end product we have become known for over 25 years."

The Delta, BC based company will be seeking new equity investment to execute on its expansion plans.

For more information visit www.meridiancanada.com
or contact Randy Lennon at 403-538-2130.