Global Yachting Group (GYG) has recently announced the company has secured management buyout support from Lonsdale Capital Partners, allowing the company to continue to push ahead with expansion plans which include the development of new build and refit capabilities, as well as increasing the brand’s presence at some of the world’s most important shipyards.
GYG’s management team is led by Executive Chairman, Remy Millott, CEO, Rupert Savage, and COO, Peter Brown, who will each make a significant reinvestment in the business alongside majority stakeholder Lonsdale. Mark Conyers will stand down as CEO of daughter company of GYG, Rolling Stock, to work alongside Millott in a business development capacity as well as acting as Group Ambassador.
Millot comments, “We will still focus on our core business, so for our clients it’s business as usual. Our goal is to take the Global Yachting Group forward from being the world’s leading provider of painting services to superyachts, and expand our range of services and geographical reach. We are excited to have Lonsdale Capital Partners behind our ambitious growth strategy and we believe that in Lonsdale we have the perfect partner to support us in meeting our objectives of continuous improvement and expansion.”
Alan Dargan, founder of Lonsdale Capital Partners, continues: “We have invested in the Global Yachting Group because it has an experienced and proven management team, the sector is growing fast and the business is the leader in its field. We will support the Group’s continues strong growth and look forward to working with Remy, Rupert and their team.”