Motor-Services Hugo Stamp acquires Pacific Power Group
Motor-Services Hugo Stamp (MSHS) has acquired Pacific Power Group (PPG) for an undisclosed fee, consolidating its network across the US. Both PPG and MSHS will maintain their current brands.
Headquartered in Fort Lauderdale, US Superyacht Association member MSHS is a maintenance, repair and overhaul (MRO) service provider for superyachts across North America. Based in Vancouver, PPG offers MRO services for marine, energy, commercial and industrial equipment.
David A Santamaria, CEO, PPG and MSHS said: “I am excited to create a platform where our employees can work together and leverage their collective power to propel our customers’ businesses.”
The acquisition gives both companies increased coverage in North America. This is through the addition of PPG’s nine facilities across the western US, Alaska, Hawaii and the Gulf of Mexico which are complimented by MSHS’s facilities across the eastern US.
“I am especially excited about how the scale of these firms together enables expanded recruiting and training, which allows us to broaden our technical services,” said Bill Mossey, president, PPG.