Spencer Contract S.p.A.

Spencer Contract S. p. A. is a specialized company engaged in marine outfitting and refurbishment services for cruise ships and luxury yachts, focusing on enhancing operational efficiency and aesthetic quality.

Founded in 1999 and headquartered in Genoa, Italy, Spencer Contract S. p. A. operates within the marine industry, providing tailored refurbishment services.

The company was acquired by De Wave srl, a portfolio company of Xenon Private Equity, in March 2019. The CEO, Riccardo Pompili, leads the company following its strategic pivot to enhance service offerings. Spencer Contract S. p.

A. specializes in marine outfitting and refurbishment services for cruise ships and yachts. Their extensive portfolio includes interior design enhancements, structural modifications, and system upgrades. These services are designed to modernize outdated facilities, ensure compliance with safety and environmental regulations, and enhance the onboard experience for passengers and crew.

Serving major cruise lines and private yacht owners, they maintain operations in key maritime markets across North America, Europe, and Asia, addressing varied needs of international clients. In the most recent year, Spencer Contract S. p. A.

reported a revenue of USD 63. 67 mn and an EBITDA of USD 5. 46 mn. Revenue is generated through B2B transactions with cruise lines and yacht owners, focusing on large-scale refurbishment projects under contracted agreements linked to project milestones.

Spencer Contract S. p. A. aims to expand its offerings by launching new refurbishment products and services designed to meet evolving market demands.

The company is targeting expansion into markets in Asia and North America by the end of 2023. The acquisition by De Wave srl enables access to additional resources that will support these initiatives, leveraging recent funding obtained in March 2019. This strategic direction aligns with the company’s commitment to enhancing service quality and operational capacity.