Maersk Broker, one of the oldest continuously operating brokers in the shipping industry, has completed a management and employee buyout from its long-standing owners, the Mc-Kinney Møller family.

The current management and employees of Maersk Broker will undertake the buyout.

The company will operate under its new name MB Shipbrokers, and there will be no changes to the operation of the company.

It will be “business as usual in all aspects,” they announced. No financial details have been disclosed.

In a statement, Maersk Broker said that “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.”

Kristian Mørch, chairman of the board of Maersk Broker, said: “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.”

“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. On behalf of the owners and the Board of Directors, we wish the company Godspeed in their future endeavours.”

The company traces its origins to 1914 when Mr. A.P. Møller started the company as a small, independent Danish shipbroking operation.

It continued under the family leadership until 2019, when Ane Maersk Mc-Kinney Uggla, granddaughter of the founder, retired after being on the board of directors for 24 years and nine years as Chairman.

Even though Maersk Broker is no longer governed by the Maersk family, to this day, the Mc-Kinney Møller family is still the private owner.

Today, the company is among the global leaders in the shipbroking industry with offices located in all major shipping hubs and employing close to 250 people.