MB92 Group has acquired GYG, a superyacht painting, service and supply company which trades under the Pinmar, Pinmar Yacht Supply and Technocraft brands.
MB92 said it will continue to collaborate with a range of providers, giving clients the flexibility to work with their preferred partners, and GYG will continue to operate independently across Europe and the US.
"Together, we can further optimise operations, elevate the level of service, and continue to advance in areas such as paint application, project planning and digitalisation, ensuring we remain at the forefront of the industry,” said Remy Millott, CEO of GYG.
"The acquisition of GYG reinforces our commitment to continue supporting excellence and innovation in the superyacht sector," said John Nery, Managing Partner and Head of Investments at Squircle Capital, the European focused private equity firm managing the fund that owns the MB92 Group.
"With access to MB92’s strong financial resources, GYG will enhance its operational and strategic capacities, paving the way for new growth opportunities.”
The transaction closed on December 31.