Yachting Partners International (YPI) confirms the purchase by parent company, shipbroking house Barry Rogliano Salles (BRS), of all remaining YPI shares to become outright owner of the luxury yachting group.
The move also sees the appointment of long-standing BRS director and shareholder, Philippe Hetland Brault, as YPI CEO.
The market re-positioning and brand re-enforcement moves carried out by Yachting Partners International (YPI) throughout its 40th Anniversary last year continue as the parent company, 157-year old shipbroking giant Barry Rogliano Salles (BRS), now confirms its purchase of all remaining shares in YPI to become the luxury yacht group’s outright owner.
A director and partner of 30 years with YPI’s parent company BRS, new YPI Group CEO Philippe Brault has been involved with YPI since its purchase by BRS back in 2008. Taking over from Bertrand Vogèle, who steps down after 4 years, Philippe will be working alongside BRS General Secretary, Jean-Philippe Roussard and the team of YPI directors including Russell Crump, Sales Director, Frédéric Laporte, Director of Yacht Management, Ian Petts, Group Financial Director and Laurence Reymann, Director of YPI Crew.
Quotes from Philippe Brault:
“Since we purchased the Group in 2008, BRS has taken the best of YPI and developed it further. We are brokers ourselves and we work hard to protect and enhance our client interests all over the world - especially with the economic climate of today. BRS has offices in 12 different countries with a shipbroking presence in China since 1998. We firmly believe in the potential of that region which is why we launched YPI Asia. We have expanded the YPI Management and Brokerage divisions, continued to take care of what is, in some cases, three generations of clients…and now we are looking to the future with exactly the same passion as always.”
“We intend to reinforce the synergies between BRS and YPI and will be making sure that YPI's clients may enjoy the benefits of both YPI's 40 years of luxury yachting and BRS' outstanding international presence in shipbroking, shipbuilding and sales.”
Quotes from Russell Crump:
“The synergies between BRS and YPI are unique and invaluable to both our groups. The global reach enjoyed by BRS is something we can now share for the benefit of all our clients whether they are buying, selling, chartering or even refitting their yachts. I am absolutely convinced that with BRS as sole owner of our Group, together with the wealth of experience and talent we now have at the helm of YPI, this company is ready to ensure clients of both Groups can enjoy all the benefits 157-years of shipbuilding and 40-years of luxury yachting can offer.”
“After 40 years, YPI has a solid and well-deserved reputation for getting results through experience, know-how and contacts. The strategic restructuring over the last year means we are now able to continue delivering nothing but the highest level of results and support for our clients and shareholders all over the world.”