On September 2008 the 2nd, BRS Yachting (a subsidiary of the BRS Group) has announced its first major expansion with the acquisition of the premier yacht brokerage company Yachting Partners International (YPI).
This deal confirms the intention of the BRS Group and of Bertrand Vogèle, Managing Director and shareholder of BRS Yachting, to create a leading business in the luxury yacht service sector. BRS Group and YPI are strongly complementary in terms of geography and high standards of service. BRS will bring increased investment capacity to the business along with the financial, technical and legal support it has acquired over 150 years serving the maritime industry. YPI will be bringing its expertise in large yacht brokerage, operating with yachts over 30 meters long in a price range of up to € 150m.
Due to a greater demand for large yachts in the last few years, yacht brokerage requires larger investments and additional expertise that the combined know-how of BRS and YPI will bring. Trends show an increasing demand for yachts above 40 meters with order books full until 2012.
The current management team of YPI will remain in place and will be managing the company together with Bertrand Vogèle, under the supervision of a new board. The combined group will henceforth trade under the name Yachting Partners International (member of BRS Group).
– PR –