The Company is an adventure vessel charter Company, offering all-inclusive trips on custom-designed small passenger vessels to destinations throughout the world. The offering includes a Caribbean-based controlled foreign corporation that owns the Company's vessels.
Key Aspects
• Revenue and adjusted EBITDA grew at the compound annual growth rate (CAGR) of 12.9%, respectively, from 2021 through 2023.
• According to ownership, preliminary 2024 financial reports show a 20% increase in passenger revenue over 2023, with a 75% increase in EBITDA.
• From 2021 through 2023 the Company's average revenue was $10.8 million.
• Ownership states that key management has been responsible for daily oversight and operations for nearly 15 years, making them well-equipped to handle day-to-day operations.
• The Company operates and owns two Caribbean vessels and acts as exclusive or nonexclusive agents for other vessel operators.
Current Markets
• The Company serves a diverse customer base in travel markets internationally.
Shareholder Objectives
• Ownership is open to an eventual full exit and is open to a transitionary period post sale. Various deal structures will be considered to facilitate a transaction.
Real Estate
• The Company operates from a facility leased from an unrelated third party. Additionally, the Company leases storage units in the Caribbean. Ownership states that though it would be difficult to relocate existing administrative staff, they need minimal oversight, and the Company can easily continue to be managed remotely
Headquartered
• Rocky Mountains
