MarineMax, the world’s largest recreational boat and yacht retailer, has announced that it has entered into a definitive agreement to acquire Island Global Yachting LLC (“IGY Marinas”).
MarineMax will acquire IGY Marinas for $480 million in cash, with an additional potential earnout of up to $100 million two years after closing, subject to the achievement of defined performance metrics. IGY Marinas, through recent acquisitions and organic growth, is projected to generate over $100 million of revenue in 2022. Subject to the satisfaction of customary closing conditions, MarineMax expects the acquisition to close in the first half of fiscal 2023 and to be accretive within the first twelve months of closing.
IGY Marinas is a global network of 23 curated marinas in the Americas, the Caribbean, and Europe. It is further bolstered by the exclusive Trident superyacht membership program, expansive service offerings, and comprehensive yacht management platform. IGY Marinas is also the venue for exclusive events such as the Cannes Yachting Festival.
“We are delighted to announce our acquisition of IGY Marinas, a transformative transaction for MarineMax, that significantly strengthens our ability to provide the best customer experience to yacht owners around the world,” commented W. Brett McGill, Chief Executive Officer and President of MarineMax. “The addition of IGY Marinas positions MarineMax as the preeminent leader in the superyacht industry — the only company able to offer an integrated experience coupling high-value superyacht berthing and marina services in premier locations with exclusive superyacht service offerings. Moreover, this investment continues to diversify our business mix with not only higher margins but also a larger geographic footprint, especially in highly desired destinations in the Mediterranean and the Caribbean.”
IGY Marinas will maintain its luxury branding that is well recognized as best-in-class in the global marina and superyacht communities. Tom Mukamal, CEO of IGY Marinas, and the IGY Marinas existing management team will continue to lead the growth and operations of the business.
Credits: IGY Marinas
At the Cannes Yachting Festival, Arcadia Yachts presented the A96. She received the “Innovation Trophy” for yachts from 80 to 98 feet at the famous World Yachts Trophies and, in parallel with the boat’s official presentation, sold two units.A96“This award is a source of pride for me and my family, but most importantly for all the skilled workers and professionals from our local area who are part of this adventure which we set out on fifteen years ago,” said Ugo Pellegrino, Arcadia Yachts owner. “For me, this World Yachts Trophy is a recognition of Neapolitan creativity, determination and skill.”Arcadia Yachts team at the World Yachts TrophyThe strengths of this original yacht, the forerunner of an innovative series, include Arcadia Yachts’ craftsmanship and construction expertise, and with the sliding glazed surfaces on the main and upper decks, the boat offers magnificent views, plenty of natural light and the pleasure of the sea breeze. Other plus points scored by the model are the water’s edge stern platform and the swing down gunwales on both sides.A96Both units sold will cruise in the Mediterranean.A96Arcadia Yachts is based in Naples, Italy. Since 2008, Arcadia Yachts has been building semi-custom luxury composite yachts and has succeeded in perfectly integrating artisanal craftsmanship, modern technologies, attention to detail and to the surrounding environment. The Arcadia Yachts fleet has included two ranges since September 2016. The shipyard’s first and most characterizing range is the A range, which includes four models (A85, A85s, A105 and A115). The Sherpa range has a new model, the 24m Sherpa XL, which was launched at the 2019 Cannes Yachting Festival. The new model, A96, debuted at 2023 Cannes Yachting Festival.Credits: Arcadia Yachts
September 20, 2023
Azimut returns to the Genoa International Boat Show from September 21 to 26, 2023, with two Italian premieres: the Magellano 60, designed for extended cruises in close communion with nature, and the New Fly 72, boasting a sporty yet refined character.New Fly 72The Italian unveiling of the New Fly 72, featuring exterior design by Alberto Mancini and interiors by the debutant yacht designer Fabio Fantolino, marks a desire to infuse contemporary elegance into this model. The interior style blends the exclusive ambiance of yachting with contemporary design sophistication, incorporating wood, bronze, and high-gloss lacquer. The exterior, designed by Alberto Mancini, adds clean lines and sculptural tension to Azimut's sporty DNA.New Fly 72The Magellano 60, with exterior design by Ken Freivokh, embodies a crossover concept for avid cruisers. It offers spacious interiors without compromising on the yacht's elegance. The Main Deck seamlessly connects to the cockpit, creating an Infinity Terrace that immerses passengers in a harmonious seascape.Magellano 60Magellano 60's efficient Dual Mode semi-planing hull allows comfortable low-speed cruising and higher-speed handling while optimizing fuel consumption and emissions. Azimut's choice to power it with HVOlution, Eni Sustainable Mobility's biofuel produced from 100% renewable materials, significantly reduces CO2 emissions compared to traditional fossil fuels.Magellano 60 interiorIn addition to these premieres, Azimut will showcase other models from their Fly, Atlantis, and Magellano series at the Genoa International Boat Show.Azimut Yachts is an Azimut Benetti Group brand. With its Atlantis, Magellano Flybridge, S, Verve and Grande collections, Azimut offers the widest range of 10 to 40 meters.Credits: Azimut Yachts
September 20, 2023
The 2023 Monaco Yacht Show features the debut of Feadship’s latest concept design. Dunes is the twelfth concept design and it takes a big leap toward Feadship’s goal of Net-Zero superyachts. This concept showcases how intelligent exterior design can significantly – and passively – reduce a superyacht’s energy needs, and at the same time capture wind and solar energy almost invisibly. The flowing lines from Studio De Voogt, who was inspired by the shapes sculpted by the forces of nature; drifting snow, water and sand. Noticing how sand dunes are timeless, yet ever changing gave the designers new ideas about line, flow and adaptability. Large overhangs that shade windows and reduce cooling requirements, next generation storage batteries, eliminating teak decks – everything is lead to a new direction in fuel cell technology and even a radical propulsor are ‘stacked’ to produce a yacht calculated to eliminate up to 95% of negative environmental impact factors, as ranked on the YETI index, compared to a yacht designed to minimum mandatory environmental regulations.The yacht will be able to accommodate 12 guests across six guest staterooms that are placed in proximity to spaces where guests will spend most of their time such as the pool deck, dining, and spa areas. Without a bridge taking the best views of the superstructure, the owner has a private deck and guests have a destination on the Pavilion deck.Its walk-around decks offer unique circulation routes, pop-up seating areas, and surprise elements like small pools and recessed bow seating. The topsides glisten with teak-free decks made of tiny glass or stone chips sealed in a transparent aliphatic polyurethane resin, complemented by alfresco lounges clad in sustainable, golden maple wood.Unlike many futuristic concepts, Feadship designs are ready for construction discussions today. Sustainability takes center stage from the beginning, with a shift to "low impact" steel hull and aluminum/wood superstructure, reducing CO2 emissions by 50-70%.Dunes features an efficient electric propulsion system by ABB called Dynafin™ and groundbreaking solid oxide fuel cells powered by green methanol for onboard electrical generation. Already provoking lively discussions, designers Thijs Orth, Tanno Weeda together with specialist Bram Jongepier will be available at the Feadship stand at the Monaco Yacht Show to explain the technologies and explore the fresh design with visitors drawn by the model and video animation. Based in the Netherlands and with roots dating back to 1849, Feadship was formed as a group in 1949 as a marketing partnership between six Dutch shipyards, de Vries Lentch, Van de Stadt, Witsen & Vis, Akerboom, De Vries Scheepsbouw and Van Lent Shipyard, and De Voogt Naval Architects. Feadship is well-known as one of the Netherlands’ most elite yacht builders and delivers superyachts from 50–100+ meters in length.Credits: Feadship
September 20, 2023
Ferretti Group has shared the images of the new Riva yacht, which just premiered at the Cannes Yachting Festival. With a length overall of 25.29 m and a maximum beam of 6.08 m, Riva 82’ Diva features restyled interiors and enhanced outdoor liveability, achieving a perfect equilibrium of functionality, comfort and design.Like its predecessors, this new Riva success is penned by Mauro Micheli and Sergio Beretta, founders of Officina Italiana Design, working in partnership with the Strategic Product Committee led by Piero Ferrari and the Ferretti Group Engineering Department. The Riva 82’ Diva has a sporty silhouette, the distinctive shape of the forward windshield and the gleaming stainless steel detailing, her outdoor areas are unprecedented in this category. The 40 sq. m flybridge, one of the most generous on a yacht this size, is designed to give each living area its own dedicated space. In the center, the lounge with a dinette and a large bar unit, personalized according to the owner’s tastes, is protected by a carbon fiber hardtop with glass panels. The sun pad forward and another lounging and sunbathing area aft can also be furnished as desired by the owner. At the forward end of the flybridge is also the second pilot station.Aft on the main deck deserves special notice: a spacious and innovative beach club featuring two large bulwarks (1.6 m) that swing down to create lateral terraces. This new solution for Riva increases the area’s width by over 3 meters. There’s a large sun pad (over 2.5m x 2m) in the center of the beach club and underneath it a garage that can accommodate a jet tender of up to 3.95 m. Moving towards the center of the yacht, the raised cockpit fitted with facing sea-view sofas provides a living area of nearly 35 sq. m. Forward, guests can relax in a large living area fitted with a forward-facing sofa and sun pad, under which the mooring gear is stored. The yacht combines highly polished furnishings with a harmonious interplay of contrasting pale and dark colors. Italian walnut or glossy chocolate wenge wood finishes set the yacht's interior style, complemented by light-colored carpets and ceilings adorned with white fabric. These elements contrast beautifully with the glossy black lacquered furnishings and striking black leather accents found throughout the yacht, including in the night area.Inside, the lounge is divided into living and dining areas, visually separated by varying heights to create an intimate atmosphere while maintaining an open-plan feel. The stairwell to the flybridge is seamlessly integrated into the décor through glass walls, blurring the line between interior and exterior spaces.The main deck's galley is thoughtfully designed with a sliding window, allowing it to be either a closed-off or open part of the dining area, offering a seamless experience. Accessible from the galley, the helm station is optimally positioned for visibility and functionality. It features a sliding glass partition, offering the captain an excellent view over the starboard walkway. The helm station boasts an adjustable pilot chair, typically found on larger yachts, with an electro-hydraulic steering system and Xenta throttles. A Simrad navigation system, integrated with onboard monitoring and navigation controls via multiple monitors, ensures precise navigation and maneuvering.The lower deck features four cabins, each with en suite private bathrooms adorned with Corian or Statuarietto marble tops. The full-beam owner's cabin astern, the forward VIP cabin with a glass-floored skylight, and two double cabins offer accommodation for up to eight guests. The Riva 82’ Diva also incorporates Humphree dynamic trim interceptors and offers optional Seakeepers and Sleipner fins to minimize rolling both at anchor and during navigation.Owners have the choice of two engine configurations for the Riva 82’ Diva. They can opt for a pair of MAN V12 1800 engines, achieving a top speed of 29 knots and a cruising speed of 26, or two MAN V12 1900 engines, propelling the yacht to a top speed of 31 knots and a cruising speed of 27 (provisional data).The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credits: Ferretti Group
September 19, 2023
At the 63rd edition of the Genoa Boat Show, Sanlorenzo will bring a decent fleet, including a SX100.SX100The SX100 is a crossover yacht where spaces and functions unite in large, open environments. Born out of the shipyard's constant dialogue with its owners, the SX100 fits seamlessly into the SX range, adopting and re-elaborating its stylistic features to further optimize on-board content. SX100The SX100 offers great freedom to its owner so that, in continuous contact with the sea, the pleasure of sailing can be enhanced. Her concept and external lines were developed by the Zuccon International Project studio while the interiors of the unit on display at the show are custom made to a design by Piero Lissoni.SX100Also Sanlorenzo will present elegant SL78, asymmetrical SL90A and SL106A, both models rewrite the canonical on-board balances redesigning spaces and offering new perspectives and new ways of perceiving the sea, flexible and livable SD90 and SD96, the innovative open coupé SP110, and SX76 and SX88.SX100The yachts will alternate between the quays of the port while, new for this year, Sanlorenzo and Bluegame will have two separate stands, designed in every detail to communicate the respective souls of the two brands, yet belonging to the same vision. Sanlorenzo was founded in 1958 in Viareggio by yacht builder Gionvanni Jannetti. In 2005, Massimo Perrotti became the majority shareholder in the shipyard. Sanlorenzo builds yachts ranging from 28.60 to 62 meters in length. Credits: Sanlorenzo
September 19, 2023