Peters & May makes two acquisitions
Peters & May Group has acquired Worldwide Yacht Shipping and Transport Partners as it expands across the Middle East, Far East and US.
Worldwide Yacht Shipping is already a strong player across the Middle East, while Transport Partners and its subsidiaries is thought to be the second largest shipper of boats worldwide from the US.
David Holley, Peters & May Group CEO, said: “The team here are very excited about the acquisition of Worldwide Yacht Shipping and Transport Partners – both strong and strategic additions for Peters & May. A clear testament to our growing success, these acquisitions strengthen our position as global industry leaders in yacht transport – watch this space.”
Nigel Grayston, CEO and chairman of Worldwide Yacht Shipping, has a fundamental understanding of the complex nature of the UAE, said Peters & May Group.
Mr Grayston said: “Having worked closely with Peters & May for over 5 years, I am excited to be taking our collaboration to the next level.”
He added that he would be taking a “step back over the coming years.”
To boost Middle East business, Peters & May has appointed Steve Stanbury as sales director for the region.
Transport Partners is headed up by Wim Spinhoven and specialises in yacht and boat shipping and any other oversized cargo delivery. It is headquartered in the Netherlands, with an affiliated office in Charleston, South Carolina, US and a further seven Asia offices through Transport Partners (Asia).
Royal Marine Packing, a subsidiary of Transport Partners, is located in Charleston and specialises in the packing and transportation of boats. The acquisition will offer Peters & May freight packing and cradling facilities, alongside safe warehousing for cargo.
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