Maine-based Hodgdon Yachts has acquired and merged Boothbay Region Boatyard in Southport and Wotton’s Wharf in Boothbay Harbor with its existing shipyard in East Boothbay. In so doing, it created a new service division, Hodgdon Yacht Services, marking the company’s expansion into the refit sector. It now has about 150 employees in the region.
“We are pleased to continue growing the business as we approach our 200th anniversary, a milestone we will celebrate in 2016,” said Hodgdon CEO Timothy Hodgdon. “This new division perfectly complements Hodgdon’s world-renowned custom boat building, custom superyacht tenders, interiors and defense divisions.”
Sandy Spaulding, former president of Hinckley Yachts and Hodgdon Yachts’ senior business advisor, has been named president of the new service division. Matt Elder, a former partner in Sea Marine of Port Townsend, Wash., has been named the general manager.
“The [acquisition] establishes Hodgdon as a significant presence in both service and refit,” Spaulding said in a company statement. “With the addition of the highly skilled maintenance and repair staff now in our employ from Southport to East Boothbay, we are poised to go after the service and refit markets in a big way.”
The new division offers railway lifting capacity for superyachts up to 400 tons and 60m at its East Boothbay shipyard. Recent projects there include refits of a 138-foot schooner and an 83-foot motor yacht.
Hodgdon’s newly acquired marina in Boothbay Harbor, known locally as Wotton’s Wharf, has more than 750 feet of linear dock space and a face dock of 500 feet.