Company: Helm
Business Type: Vessel Charter
UK & International Business Sales and M&A News
The London-based yacht charter broker Helm has been re-acquired by its founders, Peter Harrison-Hill and Simon Morgan, after being sold to Borrow A Boat.
Harrison-Hill and Morgan co-founded the yacht charter broker Helm in 2015, having worked in the charter industry for many years, first as skippers and then as brokers, before selling the company to yacht charter and boat hire business Borrow A Boat in June 2021. The pair continued to work within the group to provide stability during the uncertain economic climate post-pandemic.
Since the Borrow A Boat acquisition, Helm has grown and thrived, delivering almost 700 booked charters in 2022. The company is on course for over 1,000 charters for summer 2023. Charter destinations include Croatia, Greece, the British Virgin Islands, the Balearic Islands and Thailand.
Morgan said:
“We have always placed our customers’ needs first and believe this is vital to our long-term success. It was a key consideration in taking the company back, and we remain committed to being transparent with our customers while ensuring they have amazing yachting holidays.
“We’re excited for the future and are aiming for even more sustainable growth in 2023. We’ve seen really high demand lately, and after posting record bookings in FY2022 and Q1 2023, we are very excited about what the future holds for Helm and all of our customers.”
Simon Morgan - co-founder of Helm
The transaction was led by specialist business advisory firm FRP.
Harrison-Hill and Morgan will resume the day-to-day running of the Helm brand. The duo say they are keen to emphasise that existing charters remain unaffected.
Comments
No comment yet.