Australian businessman Peter Baird bought Broadwater Marine, the largest yacht chandlery in the Philippines.
The company said Baird has lived in the Philippines on his 75-foot motor vessel for more than six years and has close ties to the local boating community.
Hoping to add a fresh new direction to the business, Baird’s initial focus will be on increasing Broadwater’s offerings. The retailer has five branches across the country and a sixth is planned.
“In the time I have lived in the Philippines I have come to see the people and community as my home,” Baird said in a statement. “Broadwater Marine has an established customer base and a strong reputation in the region for offering quality products with excellent service. I hope to add to that success and look forward to the years ahead building upon its solid foundation.”
Baird plans to visit the Fort Lauderdale International Boat Show in Florida and the Marine Equipment Trade Show in Amsterdam in November to look at future product and distributor opportunities.