Burgess Group acquired by US private equity firm
Full-service superyacht firm Burgess has been acquired by Ancient, a US-based private equity firm, for an undisclosed amount.
Burgess – founded in 1975 by Nigel Burgess and led since 1992 by CEO Jonathan Beckett – offers full-service solutions in yacht brokerage, charter, new construction, management, crew services and insurance.
Burgess operates globally with 18 offices in key yachting hubs, including London, Monaco, New York and Miami, as well as Asia and the Middle East, and counts some of the world’s richest and most powerful people among its clientele.
“Partnering with Ancient gives Burgess the resources, scale, and creativity we want to accelerate our leadership position in the industry, without compromising our independence or our culture,” says Beckett.
“This partnership empowers us to invest further in technology, talent, and the evolving needs of our clients, while remaining true to the values that define Burgess,” adds Ian Armstrong, Burgess’ managing director. Burgess’ senior leadership team are remaining in post to lead the business into the next era.
“Burgess represents the highest standards in the superyacht industry,” comments Loren Easton, Ancient’s head of private investing. “Burgess’s enduring legacy, global reach, and commitment to service align perfectly with Ancient’s mission to invest in category-defining platforms built for the long term.”
Ah, the pirates have arrived. Watch the debt grow.