Management buyout at Australia’s oldest pilotage company

Management buyout at Australia’s oldest pilotage company

Sydney: Australia’s oldest and largest marine pilotage company Australian Reef Pilots (ARP) has been bought by a consortium of its employees.

ARP, which services all types of shipping through the Great Barrier Reef, has been sold by the private Brisbane-based company Torres Industries to a group of ARP executives and reef pilots, making for a very ‘hands on’ team.

ARP CEO Simon Meyjes has led the buyout and said it would be business as usual during the transition.

“We know the business and our customers intimately and want to seize the opportunities we can see to grow and expand our services,” Meyjes said.

“We will maintain a strong focus on customer satisfaction and ship safety – it’s what sets us apart in this industry.”

Brisbane-based private equity firm Catapult Partners has also invested in ARP.

As a vertically integrated business, ARP owns a range of infrastructure and intellectual property.

It employs 38 pilots at four working pilot stations, has 41 managerial and support staff, and owns or operates six pilot boats and five helicopters.

ARP has been providing pilotage services on the Great Barrier Reef and Torres Strait for 126 years.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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