UK ship repair specialist Burgess Marine has acquired Small & Co Marine Engineering in Lowestoft for an undisclosed sum, SB‘s sister title IBI Plus reports. The transaction is the first acquisition following RJD Partners’ investment in Burgess in January of this year.
Small & Co operates a 76.5m x 14.5m dry dock and a 70m lay-by berth strategically located on the East Anglian coast in the ABP-owned and operated Port of Lowestoft. The company employs around 50 full-time staff and is a major marine engineering force in the ship repair industry not only in the North Sea and East Anglia, but also further afield across the Thames Estuary and Britain’s east coast.
“We’ve been working on this transaction for many, many months and it’s great to finally get it across the line,” says Burgess MD Nicholas Warren.
“We’re prepared to make a long-term investment in this business and in this port. We’re looking for a long-term lease from ABP and we’re looking forward to securing the longevity of the yard, the business and the team that’s employed here.
“Whilst on paper this is an acquisition it is in all reality a merger,” he adds. “We’re going to integrate the Smalls team into the Burgess team, and we’re taking the best bits of both businesses.
“Moreover this is a major strategic step in creating the UK’s first national ship repair network. We’re now nine sites here in the UK from East Anglia to the Bristol Channel. We cover HM Naval Base Devonport, Avonmouth, Poole, Marchwood, Southampton, Portchester, HM Naval Base Portsmouth, Dover and now Lowestoft.”
Paul Kirby and Paul Harper, joint managing directors of Small & Co, will both be staying with the Burgess Marine business in Lowestoft for the foreseeable future.
Headquartered in Dover, Burgess Marine specialises in in all aspects of structural yacht repairs and renewals as well as mechanical repairs both above and below the waterline. With workshops and offices throughout Britain and within STP Palma, the business is ideally located not only to support the UK’s largest passenger ports, but also shipping in general throughout the UK and superyachts based in Mallorca.
Burgess also carries out refits and emergency works worldwide, and has worked extensively throughout Europe and the Mediterranean, the Middle East, the Far East, North America, South America and the Caribbean.