Brokerage firm Burgess has received new strategic investment from Ancient, a private equity investment firm and long-term investor in specialty finance and services.
The new partnership is intended to further the brokerage firm's position in the industry, while simultaneously broadening Ancient's portfolio of specialised, service-intensive businesses for ultra-high-net-worth individuals.
“Partnering with Ancient gives Burgess the resources, scale, and creativity we want to accelerate our leadership position in the industry, without compromising our independence or our culture,” Burgess' CEO, Jonathan Beckett, explained.
Ian Armstrong, Burgess’ managing director added: “This partnership empowers us to invest further in technology, talent, and the evolving needs of our clients, while remaining true to the values that define Burgess."
Burgess was founded in 1975 by Nigel Burgess and has been led by Beckett since 1992, building over 50 years of expertise within the industry. The brokerage firm offers a full portfolio of solutions, including yacht brokerage, charter, new construction, management, crew services, and insurance, and has overseen some of the biggest superyacht projects and transactions in the industry.
The firm currently operates across 18 offices in key yachting hubs including London, Monaco, New York, and Miami, as well as Asia and the Middle East.
“Burgess represents the highest standards in the superyacht industry,” said Loren Easton, Ancient’s head of private investing. “Burgess’s enduring legacy, global reach, and commitment to service align perfectly with Ancient’s mission to invest in category-defining platforms built for the long term.”
Ancient's other holdings include luxury auction house Sotheby's, private aviation company Solarius Aviation and clothing brand Faherty.
Burgess' senior leadership team will remain within the business following the acquisition. The brokerage firm celebrated their 50th anniversary in March.
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