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SSY and Lalemont to merge in the US

Brokers Simpson Spence & Young (SSY) are merging their US office with Lalemont USA.

SSY USA and Lalemont USA will merge their offices in New York from 1 January 2014 as they believe their combined strength will allow them to offer a broader range of services. The merged company will trade under the name SSY USA and will have a combined strength of 15 brokers.

"We are very pleased to reach agreement with Lalemant which is a very exciting next step for our company,” said John Welham, SSY senior partner. “This acquisition continues the substantial growth that SSY has made in its core businesses of dry bulk and tanker chartering and its more recent diversified growth in the chemical, gas and offshore markets."

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