The acquisition is Burgess Marine’s fifth to date and its second since RJD Partners’ private equity investment in February of last year.

Nick Warren

Burgess Marine CEO Nick Warren

Burgess Marine, a UK ship repair and marine engineering services provider, has acquired superyacht-centric procurement specialist Global Services and its sister company Global New Builds. Financial details were not disclosed.

The acquisition is Burgess Marine’s fifth to date and its second since RJD Partners’ private equity investment in February of last year.

“Whilst on paper this is an acquisition, the operational reality is far, far closer to that of a merger,” says Burgess CEO Nicholas Warren. “We’ll be taking the best bits of both the businesses and putting them together to the benefit of our customers.”

Richard Gardiner, MD and founder of Devon-based Global Services, will remain within the newly expanded broader business for the foreseeable future.

“It’s very much business as usual for the Global team – branding, market position, strategy and personnel won’t change,” says Warren. “That said, over a period of time we’ll definitely be pulling the two companies closer together and moving our own existing procurement business together with Global’s.”

Expanding business

Burgess Marine already handles around £2.2m per annum of procurement purchasing for the commercial marine and cruise ship sectors, which will eventually sit within the Global Services business.

The combined business will also benefit from further synergies due to the fact that Global’s principle procurement channel is that of marine engineering components and Burgess Marine’s core skill is the provision of marine engineering services; thereby providing an enhanced service offering to customers.

Staff at Global's headquarters in Exeter. Britain’s largest independent ship repairer and marine engineering services provider, Burgess Marine, has today completed the acquisition of the Superyacht centric procurement specialist Global Services and its sister company Global New Builds.

The staff at Global’s headquarters in Exeter

“There are a phenomenal amount of opportunities to not only increase the portfolio of the individual businesses but to also benefit the whole,” says Warren.

“Our intent is three-fold. We’d like to deliver both internal efficiencies to our category managers and external savings to our customers by adopting the state-of-the-art software forming Global’s purchasing backbone; we’d like to promote more Superyacht refits to both our Portchester and Palma footprints; and we’d like to offer customers that buy engineering components from Global a full turn-key service including onsite support and installation.”

Warren says that the merger will also help Burgess expand its agency network and superyacht offerings. The company has completed several big yacht projects in recent years, including work on MY Bystander, MY Shemara, MY Amaryllis and more.