Hodgdon Yachts and Boothbay Region Boatyard announced today they have signed a letter of intent to merge Boothbay Region Boatyard in Southport and Wotton’s Wharf in Boothbay Harbor with Hodgdon Yachts. The combination is expected to become final this spring.
Hodgdon Yachts President Timothy Hodgdon said, “Combining Boothbay Region Boatyard’s outstanding facilities in Southport and Wotton’s Wharf in Boothbay Harbor with our facilities in East Boothbay, Richmond and Damariscotta will create one of Maine’s largest, full service marine companies. We look we look forward to continuing to serve Boothbay Region Boatyard’s existing customers while aggressively pursuing opportunities to grow the combined business.”
Boothbay Region Boatyard will continue to provide maintenance and repair service to vessels ranging from outboard motorboats to yachts up to 80 feet. Hodgdon added, “The team at Boothbay Region Boatyard is highly regarded for their service capabilities and expertise in fiberglass, ship carpentry, finish, and electrical and mechanical services. We look forward to welcoming them to the Hodgdon Yachts team.” After the combination of the two businesses and the addition of approximately 30 employees at Boothbay Region Boatyard, Hodgdon will employ about 150 people in the Boothbay region.