The MB92 Group has announced its intent to acquire GYG Limited, a specialist in superyacht painting, services, and supply. The agreement comes after the two companies signed a Heads of Terms agreement, laying the groundwork for the acquisition.
GYG Limited, which operates primarily under the brands Pinmar, Pinmar Yacht Supply, and Technocraft, has been a significant player in the superyacht industry. The deal is expected to progress swiftly, with offer documents anticipated to be sent to GYG’s shareholders as early as October. This acquisition marks the next chapter in a long-standing relationship between MB92 and GYG, who have worked together on various refit projects over the past three decades.
https://www.superyachttimes.com/yacht-news/mb92-group-acquisition-gyg-limited