Burgess Marine in superyachts company coup

Burgess Marine in superyachts company coup

Britain’s largest independent ship repairer Burgess Marine has acquired superyacht procurement specialist Global Services and its sister company Global New Builds.

The acquisition is Burgess’ fifth to date and its second since RJD Partners’ private equity investment in February of last year.

Nicholas Warren, the chief executive of Burgess Marine, said: “Whilst on paper this is an acquisition the operational reality is far, far closer to that of a merger.

“We’ll be taking the best bits of both the businesses and putting them together to the benefit of our customers.

“It’s very much business as usual for the Global team – branding, market position, strategy and personnel won’t change.

“That said, over a period of time we’ll definitely be pulling the two companies closer together and moving our own existing procurement business together with Global’s.”

Burgess Marine already handles around £2.2m per annum of procurement purchasing for the commercial marine and cruise ship sectors, which will eventually sit within the Global Services business.

The combined business will also benefit from further synergies due to the fact that Global’s principle procurement channel is that of marine engineering components and Burgess Marine’s core skill is the provision of marine engineering services; thereby providing an enhanced service offering to customers.

Richard Gardiner, the founder and managing director of Global, will be staying within the newly expanded broader business for the foreseeable future.

Richard added: “The Burgess Marine Global tie-up is great news for so many reasons.

“We fit, we have a plan, and both parties add tremendous value to each other. The synergies are clear and genuine with the obvious benefits being achievable.

“Having taken Global literally from the garden shed to a major trade sale I am extremely proud of all that we have achieved and I am extremely excited about what the future now holds for the bigger business.”

 

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