The Triton

Boats and Brokers

MarineMax acquires Fraser

ADVERTISEMENT

Clearwater, Florida-based recreational boat and yacht retailer MarineMax has announced an agreement with Italian-based yacht builder Azimut/Benetti Group to acquire yacht brokerage house Fraser, according to statements from the companies.

The deal with Azimut/Benetti Group includes a multiyear agreement that gives MarineMax exclusive dealership rights to sell Benetti yachts in North America.

“The acquisition of Fraser is significant for MarineMax as it dramatically increases our presence and strength in the strategically important superyacht category,” stated Brett McGill, CEO and president of MarineMax. “We are also very excited to add the Benetti Class of yachts to our luxury motoryacht offering.”

Raphael Sauleau, CEO of Fraser (left) and W. Brett McGill, CEO and president of MarineMax. Photo provided

Monaco-based Fraser offers yacht brokerage, yacht charter, yacht management, crew placement and new build services through 20 offices in 18 countries around the world. According to MarineMax, the more than 160 Fraser team members will remain in place and continue to manage the company’s operations. Current Fraser directors Paolo Vitelli and Roberto Giorgio will also remain in an advisory capacity.

Vitelli, who is also CEO and chairman of Azimut/Benetti Group, founded Azimut in 1969 and acquired Benetti in 1985. MarineMax has represented the Azimut brand in the United States since 2006.

“MarineMax has been a valued partner of the group,” Vitelli stated. “MarineMax’s unrivaled success through many years makes it the best possible owner of Fraser for the future.”

Fraser was founded in Newport Beach, California, in 1947 by David L. Fraser, with initial offices in Newport, San Diego, Seattle and Fort Lauderdale. Although it is now a global company, American yacht owners and charterers account for more than 50% of its business, according to Fraser CEO Raphael Sauleau. 

“Our alliance with MarineMax enables us to further grow our footprint across North America,” Sauleau stated. “It also allows us to share with MarineMax clients an extended and in-depth range of 24m+ (79-foot+) large yacht services, support and guidance.”

For more information, visit fraseryachts.com.

Related Articles

MarineMax acquires NJ

MarineMax acquires NJ

Clearwater, Florida-based MarineMax has acquired Fort Lauderdale-based brokerage firm Northrop & Johnson, a 71-year-old company that offers yacht sales, charter, management, new construction …

U.S.-based seaplane picks up yacht passengers in Cuba

U.S.-based seaplane picks up yacht passengers in Cuba

By Dorie Cox Private yacht guests in Cuba were picked up by a seaplane in what Cuban officials call the first seaplane landing in more than 60 years. Pacific Bound Yachts coordinated the event …

Edmiston recruiters join YPI Crew

Edmiston recruiters join YPI Crew

Yacht crew recruitment agency YPI Crew has acquired the recruitment division of long-standing British brokerage firm Edmiston & Company. As of Jan. 1, Edmiston transferred its four-member …

Next up: Triton Networking with Baglietto

Next up: Triton Networking with Baglietto

Triton Networking is excited to visit the offices of one of our newest advertisers, Italian yacht builder Baglietto, on the third Wednesday in November (Nov. 20). Join us as we tour the offices and …

David Walter Yachts partners with Italia Yachts USA

Italia Yachts, a Venezia, Italy-based builder of sailing yachts, has announced a new partnership with David Walter Yachts to represent Italia Yachts throughout North America. The agreement comes …

Miami20: Location, storage, crew comfort top list to sell to U.S. market

Miami20: Location, storage, crew comfort top list to sell to U.S. market

By Dorie Cox As the Miami Yacht show ramped up speed on the shore of downtown Miami in mid-February, yacht brokers and industry vendors hoped to make the annual show worth the trip with sales. …

Comments

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.