Northrop & Johnson acquires superyacht management company
Luxury yacht brokerage Northrop & Johnson has acquired Med-based superyacht management company SYM.
Focussing on the operational and management side of owning a superyacht, SYM expands Northrop & Johnson’s growing portfolio of superyacht services and transforms the company into a full-service brokerage, covering every aspect of superyacht ownership.
Together with SYM, Northrop & Johnson will offer superyacht owners services that include buying, selling, chartering, building, crewing, insurance, yacht management and charter marketing.
“At Northrop & Johnson, we believe that our continued growth and success are primarily due to the unwavering dedication to providing our clients with the premier yachting experience in every category,” says Northrop & Johnson’s president and COO, Daniel Ziriakus. “With the acquisition of SYM, the growth of Northrop & Johnson’s available services will drive even greater client satisfaction.
“We only acquire businesses that share the same client-dedicated mission, and SYM is no exception to this. From the moment we met the team, we could see it was a fantastic and completely complementary fit.”
SYM founder & managing director Ben Young says: “Throughout the past 27 years, we have run a very successful client-focused business with more than 30 superyachts and growing our management fleet.
“I have never really thought about selling, but when Northrop & Johnson approached us, the client focus synergies and business growth opportunities were a great match for our clients and the overall industry.”
