Yachting Partners International was acquired by Mercantile and Maritime Investments, owned by the Mercantile and Maritime Group in Singapore. Terms were not disclosed.
The company said the acquisition would allow MMI to penetrate the brokerage market with more personalized services. “With expertise in bespoke luxury and data-led intelligence and a client-first commitment, YPI is positioning itself at the forefront of next-generation yachting,” said Simon Murray, chairman of MMI.
YPI has 45 years of experience in yacht sales, charter and management. YPI said that the the acquisition “marks an exciting new chapter of growth” for the company. “The Mercantile and Maritime Group has an extensive global network and a wealth of experience in the maritime sector, and we look forward to developing the business together with them going forward.”