Maersk Broker has completed a management buyout from long-standing owner the Mc-Kinney Moller family.
The current management and employees of Copenhagen-based Maersk Broker will undertake the buyout and operate the firm under its new name, MB Shipbrokers. No financial details have been disclosed.
Maersk Broker said the change of ownership “is based on a common ambition of the seller and the buyer to preserve the more than 100 years legacy and to secure the company’s position long-term, under a new name with a new ownership structure”.
It said it will be “business as usual” for the new firm.
Maersk Broker is an international brokerage active in all sectors of the market, with outposts in all the main shipping centres and employing around 250 people.
TradeWinds earlier reported how its owners had been looking to offload the firm, which had been linked to a number of suitors, including close rival Clarksons.
“The owners and the board of directors have for some time explored different ownership structures to ensure the company remains strongly positioned for the future,” said Maersk Broker chairman Kristian Morch.
“Acknowledging the unwavering commitment of the management and employees to preserve the legacy and values that have been the foundation for Maersk Broker’s success for generations, we believe they are the right owners to ensure the continued success of the company in decades to come.
“On behalf of the owners and the board of directors, we wish the company Godspeed in their future endeavours.”
Maersk Broker chief executive Anders Hald has been named chief executive of MB Shipbrokers.
“This solution will enable us to continue to build on the long and proud history of the company with an aim to further expand and improve our service offering,” he said.
“We will ensure a future deeply rooted in the values and heritage that have defined our company for more than a century.”
When the transaction closes, the current directors will resign and a new board will be appointed.
