Luxury yacht brokerage Northrop and Johnson has acquired Med-based Superyacht Management Company SYM.
SYM is a Superyacht management company based in Golf Juan, France, that provides a range of services focused on the operational and management side of owning a superyacht. The acquisition will expand Northrop and Johnson’s growing portfolio of superyacht services, transforming the company into a full-service brokerage covering every aspect of superyacht ownership.
“At Northrop and 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. With the acquisition of SYM, the growth of Northrop and Johnson’s available services will drive even greater client satisfaction,” said Northrop and Johnson’s President and COO, Daniel Ziriakus. “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.”
Together with SYM, Northrop and Johnson provide superyacht owners services that include buying, selling, chartering, building, crewing, insurance, yacht management and charter marketing, managing every aspect of ownership.
“Throughout the past 27 years, we have run a very successful client-focused business with more than 30 superyachts and growing our management fleet,” added SYM Founder and Managing Director Ben Young. “I have never really thought about selling, but when Northrop and Johnson approached us, the client focus synergies and business growth opportunities were a great match for our clients and the overall industry.”
Ben Young, Founder of SYM, and his team are expected to join forces with Northrop and Johnson.
Northrop and Johnson has been part of the MarineMax group since 2020. MarineMax expects the acquisition to be accretive in its first full year.