At a launch event held at the Palazzo San Teodoro in Naples, Acquera Yachting founder and CEO Stefano Tositti and G&K Yachting Managing Directors Georgios Mourkakos and Kostas Skiathitis announced a preliminary agreement for Acquera Yachting to acquire 100% of G&K Yachting’s agency division.
Acquera Yachting offers full yacht agency services and was launched back in February this year. With their initial operations starting from their home town of Venice they have also opened a string of new offices along the Italian coastline and main Islands. The acquisition of G&K Yachting who operate in Greece is a strategically important step for Acquera Yachting, as it offers them the opportunity to fulfil their expansion plans in the east Mediterranean and will greatly reinforce their position in their offering to yachts.
The management and operation of G&K Yachting will remain unchanged and will continue to operate under the G&K Yachting brand until the end of 2018, when they will move under the Acquera Yachting brand identity.
“This is a big day for Acquera Yachting, commented Tositti, the acquisition is an excellent strategic fit and it fills me with great satisfaction that within such an extremely short window of time, we have agreed on acquiring G&K Yachting. I strongly believe that they are the ideal partner to join forces with and I warmly welcome G&K Yachting and their employees to Acquera Yachting. Together we can operate from a strong platform that will allow us to rapidly establish the brand and broaden the services to yachts”.
Mourkakos said “the acquisition has provided us with an opportunity to expand the business with a company with whom we are very much in line with in terms of vision and company culture”.
Skiathitis added “Acquera Yachting has an incredibly exciting vision and ambitious plans to operate at the highest level within the industry and we are pleased that they selected G&K Yachting to play such an important role in their expansion strategy”.
G&K yachting fulfilled all the prerequisites for acquisition with a proven track record within the industry. The company founded by Kostas Skiathitis and George Mourkakos has their headquarters in Marina Zeas in Athens and has 23 employees. Between the two of them they amass over 35 years of experience in the yachting industry.
Acquera Yachting is part of the Acquera Group that is made up of two divisions:
Acquera Yachting focus exclusively on providing full agency services to superyachts globally. Tositti and his team have an extremely well-documented track record in the industry and is led by Commercial Director Caterina Oliviero who has worked with Tositti in the yacht agency business since 2004.
Acquera Experience is a first in the industry and is an exclusive private lifestyle members club that will be accessible to yacht owners by invitation only. Their headquarters have recently opened in London, and a New York office will be opened during the second quarter of 2018.