North Technology Group acquires two sailmakers
North Technology Group (NTG) is continuing its strategic growth by acquiring two renowned sailmakers, Doyle Sails and Quantum Sails.
Despite joining NTG’s portfolio of businesses operating across the sailing and ocean lifestyle industries, both brands will maintain their unique identities and operate independently, ensuring their legacy and competitive edge remain intact.
Each business will continue to manage its own lofts, sales and marketing teams, and product suites. The NTG ownership structure will provide each brand with the freedom, financial security, and resources to improve and offer better experiences for sailors.
CEO Sam Watson expressed enthusiasm for the move, highlighting NTG’s commitment to innovation and growth in the sailing sector: “North Technology Group is passionate about the sailing industry, and with big ambitions and a relentless drive we are continuously evolving. We see a real opportunity for growth and development by bringing Doyle Sails and Quantum Sails into the NTG family. We look forward to welcoming their customers and our new colleagues on this journey.”
NTG was founded in 1957 when Lowell North started North Sails in his San Diego garage.
Quantum Sails president Ed Reynolds says: “At Quantum, we’ve always focused on providing the best-performing products and customer service in sailing. We have a rich history in the industry and our sails have donned some of the most premier boats in sailing. We look forward to working within the NTG family to help sailors at all levels to continue enjoying the sport they love.”
Doyle Sails CEO Mike Sanderson says: “After eight years at the helm, the decision for Doyle Sails to combine forces with NTG was a ‘no-brainer’ for David Duff, Richard Bouzaid and me.”
Sanderson says the move ensures the longevity of the brand and brings many opportunities for the brand and customers.
NTG chairman Peter Dubens says NTG wants to grow the sport of sailing by investing in skills and innovation, by supporting new technologies in sailmaking and doing so sustainably.
Dubens says: “In Doyle and Quantum, we have found two brands and businesses that support our values and goals.”
Quantum Sails will continue to be led by Ed Reynolds and Andrew Scott, and Doug DeVos will remain involved in the business, and as an investor in NTG. Mike Sanderson will continue to lead Doyle Sails.
