Crow’s Nest Yachts brokerage, based along San Diego’s Shelter Island, has been purchased by longtime yacht brokers Eric Pearson and Michael Selter in a co-executive partnership.
Crow’s Nest has been a part of the Shelter Island maritime district since its founding in 1975. It offers a variety of sportfishers, recreational vessels and luxury yachts ranging from 40 feet to more 150 feet.
A native San Diegan, Pearson began his yacht broker career at Crow’s Nest more than a decade ago. He then moved to Fraser, where he has been a successful broker for the past 12 years. His father, Ron, was the founder of Pearson Fuel Dock, a Shelter Island fixture that’s within walking distance of Crow’s Nest.
Like Pearson, Selter is a longtime yacht broker and brokerage owner who was affiliated with Fraser, first in San Diego and most recently in Fort Lauderdale. He formerly owned and operated American Yachts, a full-service brokerage with offices in Newport Beach and San Diego, which was located across the street from Crow’s Nest.
“We love what we do and we’re excited to have this opportunity to take the Crow’s Nest tradition of excellence to the highest levels,” Selter said. “Together, we will strive to maintain the highest ethical standards along with cultivating a fun, friendly, professional environment for our brokers and our clients.”
Pearson and Selter plan to contemporize all business operations, brighten the firm’s 1,650-square-foot offices, enhance exterior signage, and fully outfit its privately owned 23-vessel marina, according to a company statement.
“We’re convinced this is the right time and the right property for us to undertake this exciting endeavor,” Pearson said.