OceanWorld Group and Denison Yachting announced a strategic joint venture aimed at expanding their international presence across the United States, Europe and the Middle East.
The partnership brings together Denison’s operations in the U.S. and wider international yachting market with OceanWorld Group’s growing platform in Europe and the Middle East. The companies said the venture will focus on strengthening their market reach while investing in staff, infrastructure and services.
Denison operates across yacht sales, brokerage, charter, new construction, and client services, while OceanWorld Group’s activities include sales, brokerage, charter, yacht management, crewing, manufacturing, and marine services.
The companies intend to use their combined geographic footprint to improve connections between major yachting markets and provide clients, yacht owners, shipyards, and industry partners with access to a broader international network.
The joint venture will also support further development of the Denison brand and create additional opportunities for employees across both organizations.
“This joint venture is about bringing together complementary strengths and creating something with long-term ambition,” said Lydia Pascarelli, CEO of OceanWorld Group. “We see enormous potential in further developing the Denison brand while investing in the people behind it and connecting its capabilities with OceanWorld's growing platform across Europe and the Middle East.”
