United Kingdom

Spencer Rigging Limited

Yacht brokerage company <a data-gid="gid://syiq/Company/2144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ancasta Group (Company)">Ancasta Group</a> has announced that founder Nick Griffith has sold a majority shareholding in the business to <a data-gid="gid://syiq/Company/2144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ancasta Group (Company)">Ancasta</a> franchise owner Matthew Shave. <img src="https://photo-assets.superyachttimes.com/photo/390372/image/large-6db2fb2b20c1d2d4e83bf55d4c73e319.jpeg" data-gid="gid://syiq/Photo/390372">Operating across 22 offices throughout Europe and based in Southampton, United Kingdom, <a data-gid="gid://syiq/Company/2144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ancasta Group (Company)">Ancasta</a> employs 103 and comprises of a portfolio including Ancasta International Boat Sales, <a data-gid="gid://syiq/Company/6397" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo United Kingdom (Company)">Sanlorenzo Yachts UK</a>, PB Europe, Ancasta Yacht Services, <a data-gid="gid://syiq/Company/1112" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Spencer Rigging Limited (Company)">Spencer Rigging</a> and Advanced Rigging &amp; Hydraulics.Following the transaction, Matthew Shave will assume the role of Chief Executive Officer, with Nick Griffith transitioning to the role of Chairman, where he can focus on strategic oversight and supporting the executive team.&nbsp;“I am incredibly proud of what <a data-gid="gid://syiq/Company/2144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ancasta Group (Company)">Ancasta</a> has achieved over the past 25 years,” commented Nick Griffith. “Matthew is the right person to lead the business forward and I look forward to supporting him in my new role as Chairman.”<img src="https://photo-assets.superyachttimes.com/photo/352296/image/large-763d00257ef057a87e791a2d0ff54841.jpg" data-gid="gid://syiq/Photo/352296">The majority shareholding was sold for an undisclosed price, with <a data-gid="gid://syiq/Company/2144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ancasta Group (Company)">Ancasta Group</a> said to be remaining focused on driving growth, enhancing operational capability, and delivering premium yachting services across its European network.“<a data-gid="gid://syiq/Company/2144" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ancasta Group (Company)">Ancasta</a> is a highly respected brand with a strong reputation across the marine industry,” concluded Matthew Shave. “I am excited to take on this role and to work with the team to continue scaling the business, strengthening our partnerships with leading shipyards and delivering high-quality, full-service solutions to our clients.”(Image courtesy of Ancasta.)

Ancasta Group new ownership and CEO

Ancasta Group has announced that founder Nick Griffith has sold a majority shareholding in the business to Ancasta franchise owner Matthew Shave.