UK-based yacht transporter Peters & May Group has acquired Worldwide Yacht Shipping and Transport Partners – two companies that fit with the group’s plans for further expansion in the Middle East, Far East and US markets. With the acquisitions, Peters & May now has 12 offices globally.
“The team here are very excited about the acquisition of Worldwide Yacht Shipping and Transport Partners – both strong and strategic additions for Peters & May,” says group CEO David Holley. “A clear testament to our growing success, these acquisitions strengthen our position as global industry leaders in yacht transport.”
Worldwide Yacht Shipping, run by CEO Nigel Grayston, has worked closely with Peters & May for over five years and is a strong player across the Middle East. “The synergy between our businesses and the growing success of Peters & May as industry leaders, leaves me confident that Worldwide Yacht Shipping is in the best of hands as I begin to take a step back over the coming years," says Grayston.
Peters & May has also taken steps to grow its team within the Middle East. Steve Stanbury, who first joined the company more than eight years ago at the age of 16, has moved into a new role as sales director for the region.
The second acquisition, Netherlands-based Transport Partners, specialises in yacht and boat transport and has been a friendly competitor for over five years. With over 25 years’ experience shipping 5,000 boats annually, the company and its subsidiaries follow Peters & May as the second-largest shipper of boats worldwide from the US, where it also has offices in Charleston, South Carolina.
Royal Marine Packing, a subsidiary of Transport Partners located in Charleston, specialises in the packing and transportation of boats. The acquisition of this subsidiary will offer Peters & May freight packing and cradling facilities, alongside safe warehousing for cargo. Additional facilities will mean that Peters & May can extend its offering with value added, full-service solutions.
“This is a great strategic move for us, both in terms of geographic expansion and as well as an extension of our service offerings,” says Paul Tate, Peters & May Group’s finance and commercial director. “The acquisition of Transport Partners is an exciting opportunity to further strengthen and develop our already market-leading position.”
Meanwhile, Peters & May has promoted Joshua Flavell to the role of superyacht business manager. Flavell will head up the superyacht side of Peters & May, attending boat shows and key industry events. In previous roles, he was a partner at one of the world’s largest international yacht brokerage firms.