Vantage Corp’s holding subsidiary, Vantage (BVI) Corporation, completed a package of three shipbroking acquisitions on December 10 2025. The deals give the company full ownership of PJ Marine Singapore Pte. Ltd., and 60 % stakes in both PJ Marine Shanghai Co., Ltd. and Peijun Marine Consultant Co., Limited, bringing the total transaction value to approximately $3.6 million in cash paid in two installments.
The three firms are expected to contribute roughly $3.5 million in annual revenue and a net profit margin of 22.3 % based on their fiscal 2024 results. The acquisitions are slated to close by the end of the first quarter of 2026, and they will add a significant petrochemical broking desk and a network of relationships with vessel builders in Greater China, a key growth engine for the Asia‑Pacific shipbroking market.
Strategically, the deals support Vantage’s tri‑hub model that the company is building across Singapore, Shanghai and Hong Kong. By anchoring a presence in China, the company can tap the region’s expanding petrochemical trade and the growing demand for tanker newbuilds. The acquisitions also broaden the firm’s service portfolio beyond traditional tanker brokerage into specialized petrochemical and bio‑fuel markets, positioning it to capture higher‑margin opportunities.
Financially, the $3.6 million consideration is modest relative to the expected revenue contribution, implying a revenue multiple of roughly 1.3× and an EBITDA multiple that reflects the 22.3 % margin. The deal is expected to accelerate Vantage’s profitability, with the acquired firms’ margins complementing the company’s existing operations. The company also plans to monetize its proprietary Opswiz platform in the coming years, leveraging the expanded client base and cross‑selling opportunities created by the acquisitions.
Vantage’s capital structure has been strengthened by its June 2025 IPO, which raised $13 million and, after the over‑allotment option, $14.95 million in gross proceeds. The company has also launched a $1 million share‑repurchase program, of which more than half has been executed since early November 2025, signaling confidence in its cash‑flow generation. The new acquisitions are therefore financed through a combination of IPO proceeds and retained earnings, preserving liquidity for future growth initiatives.
CEO Andre D’Rozario emphasized that the acquisitions “uniquely position us to expand our petrochemical broking desk and relationships with leading vessel builders.” He added that the deals “align with all of our strategic M&A criteria, representing a highly complementary target where we can create meaningful value through clear operational synergies and strong financial growth prospects.”
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.