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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