Dominion Marine have today announced the successful completion of a full management buy-out from its previous owner.
The management buy-out was led by Managing Director Simon Roberts, who was joined by Client Relationship Director Catherine Connolly, Crew Services Director Paul Fleming and Finance Director Tim Cox. Speaking about the buy-out, MD Simon Roberts said:
“We are thrilled to have completed this deal to usher in a new era for Dominion Marine and we look forward to taking our long operational history and success forward under a new leadership team, which includes Manx Advocate Tess Bates who has recently joined in the position of non-executive director”
This strong, new board is diverse, dynamic and forward-thinking. Between us we have over 70 years of maritime experience which puts the business on a firm course to future and continued success.”
Dominion Marine, based in Douglas in the Isle of Man, have been providing professional services to superyacht owners since 1984 and currently provides bespoke management solutions to over 100 of the worlds’ most prestigious superyachts employing over 1,500 crew members worldwide.
With fully staffed and regulated offices in the Isle of Man, Jersey and Malta, Dominion Marine works with and within the world’s leading regulatory frameworks to provide diverse solutions, ranging from corporate ownership and crew management services through to superyacht importation into the EU and complex VAT planning.
Dominion Marine has an enviable reputation in the industry for staff experience, loyalty and longevity at all levels and the new board are committed to build on and enhance this reputation going forward. Simon joined Dominion Marine in 2010 as Head of Crew Solutions and Catherine has been with the business since 2000 joining first as a Marine Administrator and working her way up. Together with Tim & Paul, who both joined in 2017, they have steered the business from strength to strength and in 2022 continue to see unprecedented growth.
Not content with their success thus far, Simon sees this as merely the start for the new management team:
We have been able to make some strong appointments in each of our offices in the last 6 months as we have ambitious plans to diversify our services. We regard this MBO as a fantastic opportunity for the renewal of the business. We intend to channel our unrivalled experience into new directions with innovative and responsive solutions for clients. We are incredibly excited for the future and our team of high calibre individuals will confidently and successfully take us forward.
