The Triton

Marinas and Shipyards

Trinity Yachts for sale for $17.5 million

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Harvey Gulf International Marine is selling the New Orleans shipyard it acquired from Trinity Yachts this summer for $17.5 million. The Trinity Yachts name, brand, and yacht designs are for sale for $30 million, according to CanalStreetBeat.com.
The facility includes 37.5 acres of industrial land, 3 acres of parking and 6 acres in the waterway with 2,631 feet of water frontage and several slips. There’s also about 400,000 square feet of building space and 10,000 square feet of office space.
The property is being marketed by James Barse of NAI/Latter & Blum Commercial.
In July, a press release noted that former Trinity Vice President Billy Smith had been hired as COO of the newly acquired Trinity, and that the company would continue to build yachts.
“If they don’t get a fair value, they’ll continue to build and repair yachts,” Smith told Soundings TradeOnly in September. “It’s not a distressed sale. They just feel it’s not their core business but would like to see a new owner keep the shipyard and the Trinity name going.”

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Comments

2 thoughts on “Trinity Yachts for sale for $17.5 million

  1. Jessie Harrison

    I don’t have 17 million and a half sitting around, but I would love to see this yacht. Something this expensive has to be amazing, I’d like to know how many people can fit on it. It sounds like the facility is huge, so it must also be pretty big. Thanks for sharing.

  2. Cameron

    Ths shipyard is for sale for $17.5 million. The company is for sale for $30 million. Meaning just the yard, slips, and empty structures are $17.5 million. One could purchase the business and it’s assets (the yard and all the company assets) for $30 million and continue operations there. So If Don Davis wanted to try again…. Only this time with an amazing location, award winning designs, best tradesmen/women, and a recognized name, he could purchase Trinity Yachts and start building yachts at it’s current yard. Or he could sell the yard and move the Trinity Yachts operation to the former yard of his now defunct Richmond Yachts in Richmond B.C. Hopefully someone will purchase the entire package, keep operations going, and improve or expand its operations to keep the locals employed.

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