The MB92 Group, one of the world’s leading superyacht refit, repair, and maintenance companies, has announced the completion of its acquisition of GYG Ltd.
GYG is a leading superyacht painting, service, and supply company operating under the Pinmar, Pinmar Yacht Supply, and Technocraft brands. According to MB92, this milestone is part of the company’s strategic plan to drive growth through consolidation, strengthening its ability to meet evolving industry demands.
“We are honoured to welcome GYG to the MB92 Group. Over the past 30 years, our collaboration has been rooted in shared values, mutual respect, and a dedication to delivering excellence for our clients. Moving forward, we aim to build on this strong foundation, sharing knowledge and expertise to enhance our services while advancing sustainability and innovation initiatives that benefit the wider superyacht community,” commented Pepe García-Aubert, Chairman of MB92 Group.
MB92 Group collaborates with a range of providers
MB92 will continue collaborating with a range of providers, giving clients the flexibility to work with their preferred partners while benefiting from MB92’s extensive expertise, developed through managing over ten large-scale paint projects annually across the Group.
Remy Millott, CEO of GYG Ltd, added: “This is an exciting new chapter for our company. With MB92’s support, we are well-positioned to continue delivering the high-quality standards our clients expect while exploring opportunities for future growth. 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.”
GYG Ltd will continue to operate independently across Europe and the US, upholding the high standards of service that have earned it a trusted reputation for 50 years. Its commitment to clients’ trust and discretion remains unwavering, reflecting the values that have defined its success for decades.
The transaction, which closed on 31 December 2024, represents an important step for both companies and the industry.
