Meyer's Group

What Meyer's Group does

Meyer's Group is a privately held, Panama-based diversified business consortium founded in 2006, operating across four sectors — maritime transport, construction, agricultural production, and maritime supplies — through a portfolio of wholly owned subsidiaries. The Maritime sector comprises Meyer's Line (ship ownership and fleet operations of crewboats and multipurpose merchant vessels), Meyer's Shipping (domestic and international river and maritime cargo and passenger transport), and Meyer's TUGS (tugboat and towage services at the ports of Colón and Balboa and at Puerto Limón, Costa Rica). Meyer's Trading adds commodity trading (cement, fuels) and international maritime chartering to the maritime franchise. The Construction sector (Constructora Meyers Group, Beretta Supply) delivers project execution and rents heavy equipment including dump trucks, tractors, and trailers without long-term commitment. The Agricultural sector produces milk, breeds and fattens cattle, fattens chickens in automated-climate poultry houses, and selectively breeds Quarter Horses and Thoroughbreds. The Maritime Supplies sector, operated through Wakefield Marine Energy's from the Panama Pacífico special economic zone, distributes marine lubricants (Castrol Marine), separators (Tullp), heat exchangers (AMI), and biodegradable cleaning chemicals (BioGen), and offers marine systems consultancy.

The group's underlying technology is principally physical capital rather than software: a modern fleet of 11 vessels (six of which are Damen-built, including two 80+ tonne bollard pull ASD 2913 tugs commissioned in 2017), an owned heavy-equipment rental fleet, and automated poultry house infrastructure with climate control, simulated natural-cycle lighting, and stage-based feeding systems. The maritime fleet is described as eco-friendly with reduced CO2 emissions; there is no disclosed AI, data platform, or software product.

Meyer's Group generates revenue through transaction-fee streams across its four sectors, with no publicly disclosed pricing. It runs a direct B2B sales-led go-to-market motion, supported by a website, social media, and industry events (notably the Panama Maritime World Conference). The customer base spans more than 30 named enterprise and government counterparties across shipping, oil and gas, construction, mining, logistics, retail, and government. The company is led by CEO Michel Mittelmeyer, with Commercial Director Andrés Mata holding a board seat at the Cámara Marítima de Panamá (2019-2020). No institutional investors, private equity backing, or public listings have been disclosed.

Name

Meyer's Group

Legal name

Meyer's Group

Website

https://meyersgrp.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Short description

Meyer's Group is a privately held Panamanian consortium operating across maritime transport, construction, agricultural production, and maritime supplies for enterprise and government clients in Latin America, Central America, and the Caribbean.

Ownership category

akta.pro rank

Product category

Maritime Transportation Services

NAICS

Coastal and Great Lakes Freight Transportation (483113), Deep Sea Freight Transportation (483111)

SIC

Water Transportation (4400), Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Ferry & Passenger Water Transport Operators (TLAFAAAN)

akta.pro secondary industry

Mainline Container Liner Carriers (TLADABAA)

Keywords

• Maritime transport services
• Tugboat towage operations
• Heavy equipment rental
• Agricultural production services
• Marine supplies distribution

Headquarters

HQ city

Panama City

HQ country

Panama

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Maritime Transport Services: Revenue from operating a diversified fleet of vessels including crewboats, passenger boats, multipurpose cargo ships, tugboats (Meyer's Tugs), and river/ocean shipping services (Meyer's Shipping). Also includes maritime chartering services worldwide.
2. Maritime Trading (Commodities): Trading and commercialization of high-quality commodities including cement and fuels (Meyer's Trading), serving domestic and international markets.
3. Construction Services & Equipment Rental: Revenue from construction project execution and heavy equipment rental including dump trucks, trailers, and construction machinery without long-term commitments.
4. Agricultural Production: Revenue from milk production, cattle breeding and fattening, chicken fattening operations, and selective horse breeding (Quarter Horses and Thoroughbreds).
5. Maritime Supplies: Revenue from supplying physical goods to vessels and marine consultancy services, operating as representatives of international brands (Castrol Marine, Tullp, AMI, BioGen) from Panama Pacífico special economic zone.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Meyer's Group is a diversified business consortium providing maritime transportation services through three sub-brands (Meyer's Line for fleet operations, Meyer's Shipping for river and ocean cargo and passenger transport, Meyer's Trading for commodity trading and chartering), construction services and heavy equipment rental, agricultural production (milk, cattle, chicken, horse breeding), and maritime supplies distribution representing international brands. The group operates a modern eco-friendly fleet of 11 vessels including Damen ASD 2913 tugs, crewboats, passenger boats, and multipurpose cargo ships.

Product overview

Meyer's Group is a diversified business consortium headquartered in Panama, established in 2006, operating across four distinct sectors. Its Maritime sector comprises three sub-brands: Meyer's Line (ship ownership and fleet operations), Meyer's Shipping (cargo and passenger river and maritime transport), and Meyer's Trading (commodity trading and maritime chartering). The Agricultural sector offers integrated agribusiness services including milk production, cattle and chicken fattening, and selective horse breeding. The Construction sector provides heavy equipment rental and comprehensive project execution. The Maritime Supplies sector, operated through Wakefield Marine Energy's, distributes marine lubricants, separators, heat exchangers, and cleaning chemicals as a representative of international brands. The group's operations are strategically positioned at Panamá Pacífico and serve clients across Latin America and the Caribbean.

Differentiator

Problem solved

Functional benefit

Products and services

• Meyer's Line Ship ownership and operator division managing a diversified and adaptive fleet of passenger crewboats and multipurpose merchant vessels, providing safe and efficient maritime transport services in demanding markets for enterprise clients across Latin America and the Caribbean.
• Meyer's Shipping Domestic and international river and maritime transport service for cargo and passengers, operating a modern eco-friendly fleet prioritizing safety and environmental sustainability with minimized CO2 emissions.
• Meyer's Trading Trading division specializing in high-quality commodities such as cement and fuels, offering bulk product commercialization and maritime chartering services to worldwide destinations, serving domestic and international markets.
• Meyer's TUGS Tugboat and towage services division operating powerful Damen-made tugboats, including 80+ tonnes bollard pull Damen ASD 2913 tugs that provide towage support at the Panama Canal ports of Colon and Balboa.
• Agricultural Services (Sector Agropecuario) Integrated agricultural production covering milk production, cattle breeding and fattening, chicken fattening operations with state-of-the-art poultry house technology (automated climate control, lighting, and feeding systems), and selective breeding of Quarter Horses and Thoroughbred racehorses, committed to sustainable practices and animal welfare.
• Construction Services (Sector Construcción) Comprehensive construction solutions including heavy equipment rental (dump trucks, tractors, trailers, and construction machinery) and full project execution services focused on safety, capacity, and efficiency, from earthmoving to civil projects for construction firms and developers.
• Wakefield Marine Energy's (Suministros Marítimos) Maritime supplies division operating from Panamá Pacífico special economic and tax-free zone, providing physical supplies to vessels and marine systems consultancy. Operates as representative of international brands including Castrol Marine (marine lubricants), Tullp (fuel and oil separators), AMI (heat exchangers), and BioGen (biodegradable cleaning chemicals).

Quantifiable outcome

• Fleet expanded to 11 vessels including powerful 80+ tonnes bollard pull Damen ASD 2913 tugs
• +1 more outcomes

Named customers34 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core, major and minor.

• Cámara Marítima de Panamá (Panama Maritime Chamber)coreStrategic or Co-development Partner · 11 July 2019Meyer's Group is a member of the Panama Maritime Chamber, with its Commercial Director Andrés Mata serving as a Director on the 2019-2020 board. The chamber works with authorities and the private sector to promote competitiveness and generate new investments in the industry.
• Damen Shipyards GroupcoreTechnology or Integration · 29 June 2017Meyer's Group has a longstanding relationship with Dutch shipbuilder Damen Shipyards Group, having purchased multiple vessels over the years. In 2017, the company ordered two Damen ASD 2913 Tugs (Arcangel San Rafael and Arcangel San Gabriel) at the Panama Maritime XIII World Conference. Prior purchases include two Damen ASD 2810 Tugs (2012) and an ASD 3212. Damen tugs operate in both Colon and Puerto Limon, Costa Rica. The relationship is characterized by mutual respect for quality of construction and service support.
• Castrol MarinemajorChannel Partner/ Reseller/ DistributorWakefield Marine Energy's (Meyer's Group's maritime supplies division) is a proud representative of Castrol Marine, a globally recognized brand and leader in the marine lubricants business.
• TullpmajorChannel Partner/ Reseller/ DistributorWakefield Marine Energy's represents Tullp, specialists in the manufacturing of high-quality fuel and lubricating oil separators.
• AMI (Heat Exchangers)majorChannel Partner/ Reseller/ DistributorWakefield Marine Energy's represents AMI, experts in the production of heat exchangers for maritime applications.
• BioGenminorChannel Partner/ Reseller/ DistributorWakefield Marine Energy's represents BioGen, suppliers of biodegradable cleaning chemicals for maritime use.
• La CaimaneraminorStrategic or Co-development PartnerLa Caimanera is a sister company of Meyer's Group that co-partners in corporate social responsibility activities, such as events with the Fundación Casa El Rey Jesús.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Crowley Maritime Corporation: US-based maritime services company operating tugboats, vessel supply, and shipping services across the Caribbean and Latin America. Directly comparable to Meyer's given its diversified maritime offering, ship agency relationships (Crowley appears as a Meyer's customer), and regional Caribbean footprint overlapping with Meyer's Panama-centric operations.
• Grupo TMM: Mexican diversified maritime conglomerate offering ship agency, port operations, logistics, and offshore services. Comparable to Meyer's as a Latin American maritime services group with multiple business lines serving shipping and industrial customers across the region.
• Svitzer: Global towage operator (owned by Maersk) and one of the world's largest tugboat companies with operations across the Americas, including Panama and the Caribbean. Directly comparable to Meyer's TUGS division in the harbor towage business, with overlapping presence at major ports.
• Boluda Towage: Spanish-headquartered global towage operator with significant presence in the Caribbean and Latin America (including operations in Panama). Directly comparable to Meyer's TUGS in harbor towage and vessel-assist services, and a credible competitor for Canal-related contracts.

Broad incumbents

• CMA CGM: World's third-largest container shipping line and a named Meyer's customer. Comparable as a broader maritime incumbent whose relationship with Meyer's reflects the dependency of regional marine services providers on global liner customers; CMA CGM's vertical integration ambitions represent a long-term competitive threat.
• Maersk: Global container shipping leader and parent of Svitzer (towage). Comparable as a key Meyer's customer and parent of a direct towage competitor; Maersk's integrated logistics strategy increasingly brings it into competition with regional service providers like Meyer's.

Emerging players

• Transcoma: Latin American maritime services and shipping agency group. Comparable to Meyer's Shipping and ship-agency operations across regional ports, though smaller and with narrower geographic coverage.
• Log-In Logística Intermodal: Brazilian coastal/inland waterway shipping and intermodal logistics operator. Comparable to Meyer's Shipping in providing regional water-based cargo transport services for industrial and commodity customers.

Others

• Autoridad del Canal de Panamá (ACP): The Panama Canal Authority that owns and operates the Canal itself and contracts towage services at its ports. Comparable as the key counterparty/customer ecosystem for Meyer's TUGS operations at Colon and Balboa, and an important industry stakeholder via the Panama Maritime Chamber.

Regional players

• Hutchison Ports PPC (Panama Ports Company): Operator of the port terminals at the Atlantic and Pacific entrances of the Panama Canal (Cristóbal and Balboa). Adjacent comparable as the port concessionaire whose throughput drives demand for Meyer's TUGS towage services and Wakefield Marine Energy's supplies at the same facilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/meyers_group
• Facebookfacebook.com/meyersgrp
• LinkedInlinkedin.com/company/meyer%C2%B4s-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Meyer's Group