MB92 Group has successfully finalized the acquisition of GYG Ltd, a company specializing in superyacht painting, service, and supply, known for its Pinmar, Pinmar Yacht Supply, and Technocraft brands.

This acquisition is a strategic move by MB92 to drive growth through consolidation, enhancing its capacity to meet the changing demands of the industry.

Fountaine Pajot Samana 59

CODE:

PROD-1724

1

1,954,300.00 €

+ −

Bali 4.8

CODE:

PROD-13640

1

848,000.00 €

+ −

Leen 50

CODE:

LEEN50

1

899,000.00 €

+ −

Aventura 38 SC

CODE:

PROD-18622

466,500.00 €

+ −

Pepe García-Aubert, the chairman of MB92 Group, expressed his satisfaction with the acquisition, highlighting the long-standing collaboration and shared commitment to excellence between the two companies over the past three decades.

Remy Millott, CEO of GYG, shared his excitement for the new chapter ahead, stating that with MB92's support, they are well-positioned to maintain high-quality standards for their clients and explore opportunities for further expansion.

Founded over 50 years ago, GYG will continue its operations independently in Europe and the US, while benefiting from synergies with MB92.

MB92 plans to maintain collaborations with various service providers, offering clients the flexibility to choose their preferred partners for different projects.

Financial resources

With a portfolio that includes managing more than ten large-scale paint projects annually, MB92 Group aims to uphold its dedication to excellence and innovation in the superyacht industry.

John Nery, managing partner and head of investments at Squircle Capital, emphasized the strategic importance of the acquisition, noting that with the financial resources of MB92, GYG can enhance its operations and pursue new avenues for growth.

The transaction was successfully completed on 31 December 2024, marking a significant milestone for both companies.