UK P&I Club and TT Club have announced that their joint offer to acquire Thomas Miller Holdings has received shareholder support, with over 89% of votes in favor.
The acquisition offer was made to shareholders on June 18, 2026, by TMH Bidco, a special purpose vehicle jointly established by UK P&I Club and TT Club to execute the deal. The completion of the acquisition is expected in the fourth quarter of 2026, subject to obtaining the necessary regulatory approvals, which are currently in process.
Meanwhile, the Thomas Miller business continues to operate as usual.
To support the transition process, two representatives from TMH Bidco will join the board of directors of Thomas Miller Holdings.
Discussions regarding the merger between UK P&I Club and TT Club are ongoing. Both clubs have signed a framework agreement that formally commits them to the merger, which is expected to be completed by February 20, 2027, subject to obtaining all necessary approvals.
