The Tom George Yacht Group said it formed a new strategic alliance and partnership with Hatteras and Cabo Yachts.
Cabo is based in New Bern, N.C., and builds offshore express and flybridge sportfishing cruisers between 36 and 52 feet. The company was bought by Philadelphia-based Versa Capital Management LLC affiliate Navis HCY Acquisition LLC in 2013.
Hatteras and Cabo Yachts selected several MarineMax team members as authorized sales agents.
CEO of the two brands says new ownership has satisfied consumer concerns and spurred sales If Brunswick Corp.’s announcement early this year that it planned to sell its Hatteras and Cabo brands prompted sales to decline, the sale to Philadelphia-based private equity firm Versa Capital Management LLC six months later has had the opposite effect.…more
Under new ownership, Hatteras and Cabo yachts will focus on its new Fort Lauderdale-based Hatteras Cabo Yacht Center, tapping Cabo’s former sales vice president Don Smith as the general manager of the center earlier this month. “The yacht center is and will continue to be an important part of our strategy going forward,” Hatteras and…more
Cabo Yachts today announced the addition of the 44 Express to its fleet. Although the 44 HTX has been a successful model, the new 44 Express speaks to the desires of traditional Cabo owners who prefer the allure of a true express, the company said. The 44 Express delivers the open feel and visibility of…more