Global Yachting Group receives support for management buyout

Global Yachting Group, the parent company of Pinmar and Rolling Stock, has secured management buyout support from Lonsdale Capital Partners, allowing it to push ahead with key expansion plans. 

Led by executive chairman Remy Millott, alongside CEO Rupert Savage and COO, Peter Brown, the members of the management team will each make a significant reinvestment in the business alongside majority stakeholder, Lonsdale Capital Partners. Mark Conyers will also reinvest but will stand down as CEO of Rolling Stock to work alongside Remy Millott in a business development capacity, and as group ambassador.

According to Global Yachting Group, with Lonsdale’s investment and wider support it intends to grow organically and through acquisition, develop its build and refit capabilities, as well as its presence in the world’s premier shipyards.

Remy Millott, executive chairman of GYG, commented, “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, said, “We 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 continued strong growth and look forward to working with Remy, Rupert and their team.”

For more information, visit Pinmar or Rolling Stock.

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