From Service Collaboration to Ownership: MB92 Group Welcomes GYG to Its Prestigious Fleet

With the arrival of the new year, MB92 Group commences an exciting phase of growth and dynamism. The esteemed institution has announced its effective acquisition of GYG, a distinguished painting, service and supply firm on the 31st of December, 2024. This acquisition aligns with MB92’s aspirations of expansion through consolidation in light of evolving market demands. Moreover, it potentially solidifies MB92’s position, leveraging the collective expertise of both entities to present an enhanced repertoire of services to its wide client base.

Pepe García-Aubert, the chairman of MB92 Group, welcomes GYG warmly, emphasizing upon their shared trajectory rooted in mutual values, respect and an unwavering commitment to excellence, spanning a period of thirty years. The companies plan to further consolidate this strong foundation, by sharing their knowledge and expertise while propelling initiatives for sustainability and innovation for the benefit of the wider superyacht community.

Further consolidating its growth mandate, Squircle Capital, the private equity firm managing the fund that owns MB92 Group, also expressed support for this move. John Nery, the managing partner and head of investments at the firm, reaffirmed their unyielding commitment to fostering excellence and innovation in the superyacht sector. He also added that with the financial resources of MB92, GYG can enhance its operational and strategic capacities whilst planting the seeds for innovative growth opportunities.

MB92 affirms its client-centric approach and assures continued collaboration with a spectrum of providers. This promising approach ensures clients retain the flexibility to work in sync with their preferred partners while benefitting from the Group’s project management expertise. Meanwhile, joining the MB92 Group allows GYG to broaden its capabilities and continue delivering high-quality standards while exploring and manifesting growth opportunities.