MB92 Group

What MB92 Group does

MB92 Group is the world's largest superyacht refit and repair group, formed in 2018 through the merger of MB92, Compositeworks, and Blohm & Voss La Ciotat. Founded in 1990 in Barcelona as Marina Barcelona 92, the Group now operates four shipyards — Barcelona (Spain), La Ciotat (France), Golfe-Juan (France), and Red Sea (Saudi Arabia) — and serves owners, captains, crew, and management companies of superyachts typically ranging from 30m to 115m LOA. Its asset base includes the 4,800-tonne shiplift in Barcelona and the 4,300-tonne platform in La Ciotat, the two largest purpose-built superyacht lifting facilities globally, alongside dedicated paint sheds, dry docks, and a 300-tonne travel lift for the mid-size segment served by the 300t Origins sub-brand. Services span project management, technical expertise, interiors, painting, general works, and major refits, supplemented by a digital client portal (The Bridge by MB92), bonded warehouse customs status, sustainability services under the 'Refit for the Future!' programme, and acquired supply brands (Pinmar, Pinmar Yacht Supply, Technocraft) following the 2025 GYG Limited acquisition.

Revenue is generated through project-based, bespoke pricing tied to yacht size, scope, and duration, sold through dedicated Senior Business Development Managers and Commercial Directors at each shipyard, with demand generation concentrated at industry events such as the Monaco Yacht Show and METS Trade. The Group leverages a curated network of 1,700+ trusted suppliers and technical partners — including on-site service centres from Van Berge Henegouwen (AV/IT), Heinen & Hopman (HVAC), Quantum Marine Stabilizers, Royal Van der Leun, and Reflow Marine — to deliver integrated solutions under one roof. Since 2019, the Group has been wholly owned by European alternative investment firm Squircle Capital, which completed its progressive acquisition in March 2026 as part of a five-year strategic expansion plan encompassing new geographies, M&A, and sustainability-led product extensions.

Name

MB92 Group

Legal name

MARINA BARCELONA 92, S.A.

Website

https://mb92.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Short description

MB92 Group is the world's largest superyacht refit and repair operator, running four shipyards in Barcelona, La Ciotat, Golfe-Juan, and Red Sea. It serves owners, captains, and management companies of 30–115m yachts with integrated project management, technical, interior, painting, and major refit services.

Ownership category

akta.pro rank

Product category

Superyacht Refit and Repair Services

NAICS

Ship Building and Repairing (336611), Ship and Boat Building (33661)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Luxury Yacht Refit, Rebuild & Lifecycle Upgrades (MRO) (IMAJAMAJ)

akta.pro secondary industries

Luxury Yacht Systems Integration & Commissioning (Shipyard) (IMAJAMAI), Yacht & Recreational Boat Service & Refit (TLAKAKAD), Heavy Lifting & Material Handling Infrastructure (Goliath Cranes, Jib Cranes, Hoists) (IMAJALAD), Luxury Yacht Hull & Superstructure Fabrication (Composite/Aluminum/Steel) (IMAJAMAG)

Keywords

• Superyacht refit services
• Yacht repair maintenance
• Marine painting coatings
• Yacht project management
• Superyacht interior refit

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Superyacht Refit Services: Core revenue stream from comprehensive refit services including project management, technical expertise, interiors, painting, general works, and major refits. Revenue is project-based, typically one-time per refit period with varying project values based on yacht size and scope of work.
2. Repair and Maintenance Services: Ongoing repair and maintenance services for superyachts at company facilities. Includes technical support, hull work, mechanical systems, and scheduled maintenance.
3. Yacht Supply and Equipment (Pinmar, Technocraft): Revenue from yacht supply operations acquired through GYG Limited acquisition in 2025. Includes specialized painting supplies and equipment through Pinmar brand.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

MB92 Group provides comprehensive superyacht refit, repair, and maintenance services through four strategically located shipyards (Barcelona, La Ciotat, Golfe-Juan, Red Sea), serving yachts from 30m to 115m LOA. Core services include project management and technical expertise, interior refits, painting and coatings, general works, and major structural refits, supported by dedicated 4,800-tonne and 4,300-tonne shiplifts and a global network of 1,700+ suppliers.

Product overview

MB92 Group operates as the world's largest superyacht refit, repair, and maintenance company, offering a comprehensive suite of services delivered across four strategically positioned shipyard locations: Barcelona (Spain), La Ciotat (France), Golfe-Juan (France), and Red Sea (Saudi Arabia). The core offering spans project management and technical expertise, interiors, painting, general works, and major refits, with dedicated sub-brands including 300t Origins (for 30–50m yachts) and the Refit for the Future! sustainability programme. The Group's digital client portal, The Bridge by MB92, centralises procurement, customs management, and project tracking. Acquired brands such as Pinmar (superyacht painting) and GYG Limited extend the portfolio, while on-site specialist partners including Van Berge Henegouwen (AV/IT), Heinen & Hopman (HVAC), Quantum Marine Stabilizers, and Reflow Marine provide integrated technical services. Sustainability initiatives include a dedicated plastic recycling centre and greywater reuse projects.

Differentiator

Problem solved

Functional benefit

Brands

• Refit for the Future!: Sustainability service providing options for owners to optimise sustainability and improve value during refit projects.
• 300t Origins
• The Bridge by MB92

Products and services

• Superyacht Refit and Repair Services MB92 Group's primary offering: comprehensive superyacht refit, repair, and maintenance services delivered across multiple strategically located shipyards. Services encompass project management, interiors, painting, general works, major refits, and technical expertise for yachts typically from 30m to 115m LOA.
• Project Management & Technical Expertise Expert project management and technical knowledge combined with top-tier professionals and state-of-the-art infrastructure to deliver projects of any scale, coordinating all aspects from pre-project planning through production and after-sales support.
• Interiors Interior refit and design services for superyachts, including full refurbishment, custom design, and quality control, supported by an on-site interiors showroom at MB92 Barcelona.
• Painting Professional painting and coating services for superyachts, including exterior hull painting, interior finishing, and protective coatings, with dedicated paint sheds and facilities at MB92 Barcelona and La Ciotat.
• General Works Broad range of general repair and maintenance works for superyachts covering mechanical, structural, electrical, and composite disciplines across all shipyard locations.
• Major Refits Large-scale refit projects for superyachts, encompassing comprehensive structural, technical, and cosmetic overhauls, managed by dedicated senior project managers with multi-disciplinary teams.
• Refit for the Future! Sustainability-oriented refit service offering clients a tailored plan to optimise sustainability and improve the environmental performance of their yacht, including energy efficiency upgrades, battery integration, and alternative fuel solutions.
• 300t Origins Dedicated refit service and facility for yachts between 30m and 50m LOA, serviced by a 300-tonne travel lift and paint cabin, launched at MB92 La Ciotat in 2020 to serve the mid-size superyacht segment.
• The Bridge by MB92 Digital client portal enabling clients to manage purchases, track project status, and access bonded status (ADT & DAP) customs zone functionality directly through MB92's digital infrastructure, streamlining procurement and reducing administrative burden.
• Pinmar Painting Services Leading superyacht painting brand acquired by MB92 Group in early 2025 as part of the GYG Limited acquisition, providing premium painting and coating services across MB92's shipyard network.

Quantifiable outcome

• 85% plastic waste recovery rate at new recycling centre
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature6 records

Partnerships

15 partnerships are on record, tiered strategic, minor and core.

• BCN Port Innovation FoundationstrategicStrategic or Co-development Partner · 1 May 2026Collaboration on circular economy initiative within the Circulars program. MB92 and Pinmar inaugurated plastic recycling centre at Port of Barcelona facilities, expected to recover 85% of waste and process 200+ tonnes annually.
• CODEC/Fundación CARESminorOthers · 1 May 2026Social enterprise responsible for managing and recycling plastic waste at the recycling centre. Supports inclusive employment for people undergoing social integration.
• Yacht Club de MonacostrategicStrategic or Co-development Partner · 1 March 2026Collaboration on Captains' Forum and YCM Explorer Awards. MB92 Group participates as industry partner in events exploring yachting's role in science and ocean discovery.
• Carbon BluestrategicTechnology or Integration · 1 July 2024Collaboration on plastic recycling initiative, with Carbon Blue providing solutions for transforming plastic waste into usable materials.
• Royal Van der LeunstrategicTechnology or Integration · 1 March 2024Opening of new on-site office at MB92 Barcelona providing dedicated service for electrical systems and technical support.
• D-Marin InvestmentsstrategicStrategic or Co-development Partner · 1 January 2024Collaboration to manage refit facility in Golfe-Juan near Antibes for yachts up to 45m LOA. MB92 Golfe-Juan launched through this partnership.
• DEEPstrategicStrategic or Co-development Partner · 1 January 2024Rescued FLIP research vessel from scrapyard and partnered with MB92 for long-term refit and modernization into modern research platform for ocean exploration.
• Van Berge Henegouwen (VBH)coreTechnology or Integration · 1 November 2023Global reference in onboard technology services (AV/IT, security, control systems, communications). VBH opened dedicated office within MB92 Barcelona facilities, providing immediate assistance and technical support during refit projects. Brings 'Alchimia' concept for seamless technology integration.
• Quantum Marine StabilizersstrategicTechnology or Integration · 1 January 2020Quantum Marine Stabilizers opened Mediterranean Service Centre at MB92 Barcelona, providing localized support for stabilizer systems.
• FeadshipstrategicStrategic or Co-development Partner · 1 January 2018Selected as part of New Feadship Services Network, establishing MB92 as authorized service provider for Feadship superyachts.
• Heinen & HopmanstrategicTechnology or IntegrationHVAC specialists with service centres at both MB92 shipyards. Provides air conditioning and climate control solutions for superyachts, contributing to energy efficiency improvements.
• Reflow MarinestrategicTechnology or IntegrationSpecialists in maintenance and renovation of piping systems. Applied innovative pipe repair coating process onboard projects, restoring pipes between 1cm and 30cm diameter without disruptive work.
• EurecatstrategicTechnology or IntegrationTechnology centre collaborating on scaling the plastic recycling centre project and circular economy initiatives.
• University of BarcelonastrategicStrategic or Co-development PartnerScientific collaboration on bio-extraction project to remove excess nutrients from Barcelona port waters through bivalve cultivation.
• The Explorers Club of New YorkstrategicStrategic or Co-development PartnerPartnership with Yacht Club de Monaco for four-day event 'Monaco, Capital of Advanced Yachting' to position yachting as platform for scientific research.

Scale indicators10 records

Recent moves15 records

Expansion highlights7 records

Direct peers

• Palumbo Malta Superyards: Palumbo operates superyacht refit yards in Malta, Ancona, Marseille, and Savona, making it the most direct head-to-head competitor to MB92 across the Mediterranean. Both groups target 30-100m+ superyacht refits with integrated technical services.
• Monaco Marine: Monaco Marine runs a network of refit and maintenance facilities along the French Riviera and Monaco (including La Ciotat-adjacent locations), directly competing with MB92 for the same superyacht owner and captain clients in the Western Mediterranean.
• Lusben (Azimut|Benetti Group): Lusben operates superyacht refit yards in Italy (Viareggio, Livorno, Fano) as part of the Azimut|Benetti group, serving the same 30-90m superyacht refit market with comparable painting, interiors, and technical capabilities as MB92.
• Astilleros de Mallorca: Major superyacht refit yard in Palma de Mallorca serving the same 30-100m+ segment in the Western Mediterranean as MB92's Barcelona and Golfe-Juan operations.

Broad incumbents

• Amels (Damen): Amels, part of Damen Shipyards, builds and supports superyachts and operates refit capacity in the Netherlands. As part of the much larger Damen group, it offers overlapping superyacht services but with a broader portfolio across naval, commercial, and yacht segments.
• Feadship: Premier Dutch superyacht builder that also operates a refit services network in which MB92 is a partner. Comparable in client base (UHNWI superyacht owners) but Feadship is a new-build OEM rather than a dedicated refit operator.

Emerging players

• ICON Yachts: Dutch-based yard with both new-build and refit capabilities for large superyachts (60m+). Smaller scale than MB92 but competes for the same large-yacht refit projects in Northern Europe.

Regional players

• Rybovich (FAY): Leading U.S. superyacht refit facility in West Palm Beach, Florida. Comparable in service offering (refit, painting, technical works) but operates exclusively in the US market, particularly the US East Coast and Caribbean yachting corridors.

Others

• Pinmar (MB92 subsidiary): Leading superyacht painting brand now owned by MB92 following the 2025 GYG acquisition. Pre-acquisition, Pinmar operated as an independent painting specialist serving the same Mediterranean shipyard and refit market — a comparable offering, now vertically integrated.
• Heinen & Hopman: Global HVAC and climate control specialist with service centres embedded at MB92 Barcelona and La Ciotat. Operates as both a partner and an adjacent technical service provider to the same superyacht refit market MB92 serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mb92barcelona

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MB92 Group