100% ownership stake for ptw Shipyard

Spanish superyacht refit and repair specialist ptw Shipyard has acquired the owner stake held by Melita Marine Group, bringing the founder’s ownership to 100 per cent of the shipyard.

According to RSM legal partner and M&A specialist, Victor Schrijner, this acquisition guarantees the company a sustainable future, giving ptw Shipyard founders full operational control so they can continue to expand their superyacht and megayacht refit and repair business.

ptw Shipyard facilities are fully operational and located alongside the deepwater Port Tarraco in the port city of Tarragona, around 50 minutes south of Barcelona. These facilities cover an extensive site that spans over 15,000sqm, with direct waterfront access, two workshops devoted to yacht painting, carpentry and interiors, engineering and mechanics, electrics and systems, as well as access to Caterpillar authorised sales and service.

“This takeover strengthens our position and allows us to be one of the few Spanish shipyards that offers its clients a fully integrated yacht refitting service, under one roof with its own highly qualified trades team and specialised departments,” says Xavier Mercado (left), CEO and founder of ptw Shipyard. “We continue to offer our clients all the expertise required for all aspects of a superyacht refit, delivered to the very highest quality standard in modern facilities.”

The ptw Shipyard began operation in the Port of Tarragona, Spain, in late 2017. Its haul-out facilities are located just alongside the Port Tarraco Marina, and include a 300-tonne travel lift, 15,000sqm of hard standing area, accompanied by 2,100sqm of workshops. It offers refit and repair services for yachts with a maximum LOA of 50m (hauled out) and boats up to 180m berthed in the adjacent marina and other nearby marinas.