The management of Maersk Broker, one of the oldest continuously operating brokers in the shipping industry, has agreed to a management-led buyout of the firm from its long-standing owners, the Mc-Kinney Møller family.
“The change of ownership is based on a common ambition of the seller and the buyer to preserve the more than 100 years legacy and to secure the company’s position long-term, under a new name with a new ownership structure,” reads the announcement posted to Maersk Broker’s social media.
The terms agreed to call for the current management and employees of Maersk Broker to undertake the buyout. They are emphasizing that while it will be under a new brand identity, there will be no changes to the operation of the company. It will be “business as usual in all aspects,” they announced.
“The owners and the Board of Directors have for some time explored different ownership structures to ensure the company remains strongly positioned for the future,” said Kristian Mørch, Chairman of the Board of Maersk Broker. He has led the company since 2019 when he took the lead from the family members. “Acknowledging the unwavering commitment of the management and employees to preserve the legacy and values that have been the foundation for Maersk Broker’s success for generations, we believe they are the right owners to ensure the continued success of the company in decades to come.”