Dominion Marine management completes buy-out

The management team at Dominion Marine has completed the buy-out from its previous owner.

Led by the corporate yacht management firm’s  MD, Simon Roberts, the buy-out was joined by client relationship director, Catherine Connolly, crew services director, Paul Fleming and finance director, Tim Cox.

“We are thrilled to have completed this deal to usher in a new era for Dominion Marine,” said Roberts. “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.”

Roberts joined Dominion Marine in 2010 as head of crew solutions and Connolly has been with the business for 22 years, first joining as a marine administrator. Cox and Fleming both joined in 2017.

The new leadership team includes Manx lawyer  Tess Bates, who has joined the company as non-executive director.

“We have been able to make some strong appointments in each of our offices in the last six months, as we have ambitious plans to diversify our services. We regard this management buy-out as a fantastic opportunity for the renewal of the business,” said Roberts.

The Isle of Man-based firm has been operational since 1984. It provides management solutions to more than 100 superyachts and employs over 1,500 crew members worldwide.

With offices also located in the islands of Jersey and Malta, services offered by Dominion Marine vary from corporate ownership and crew management to EU superyacht importation and VAT planning.

Roberts concluded: “We are incredibly excited for the future and our team of high calibre individuals will confidently and successfully take us forward.”