Ferretti S.p.A. has signed a contract to acquire the assets, brands and ongoing operations of the Allied Richard Bertram Marine Group, one of the largest yacht distribution and service providers in the United States. The transaction is expected to be completed in the first week of September.
The Allied Richard Bertram Marine Group, based in Fort Lauderdale, specializes in after sales service and marketing of new and pre-owned motor yachts, as well as brokerage services. The group’s nine yacht service and distribution centers span Florida from Jacksonville to the Keys.
The acquisition of the Allied Richard Bertram Marine Group will give Ferretti a powerful distribution platform to reach and service its customers in Florida and throughout the United States.
“We are extremely satisfied with this move,” commented Vincenzo Cannatelli, Ferretti. CEO, “which is yet another step forward in the growth of our group in a strategically important market.”
Robert J. Tomsich, Chairman of Allied Richard Bertram Marine Group, said, “I am pleased with the integration of Allied Richard Bertram Marine Group with the Ferretti group. Each organization has its own outstanding reputation and brand loyalty. This transaction will be a great benefit to our customers and associates.”