Longtime Brewer Yacht Sales broker Hal Slater has acquired the company, which has 10 locations in New England and has become a preferred partner of Safe Harbor Marinas.
The sale took place Aug. 1, but was officially announced last week.
Brewer Yacht Sales will continue to operate at key Safe Harbor locations and will maintain its close relationship with Safe Harbor’s Brewer brand.
Slater acquired Brewer Yacht Sales from Brewer Yacht Yards, which is now within the family of Safe Harbor Marinas, with the goal of continuing the Brewer tradition.
Although Brewer Yacht Sales is now independent, the company plans to continue a business-as-usual relationship with the Brewer team.
Brewer Yacht Sales will continue to have offices at the 10 present locations of Brewer/Safe Harbor Marinas in Connecticut, Rhode Island, Massachusetts and New York. There are plans to expand the locations from Maine to Florida and nationally to serve the client base.
Most of the seasoned Brewer brokers are Certified Professional Yacht Brokers and members of YBAA, the Association of Yacht Sales Professionals.
Jackie Joslyn has been named CFO of the company.
“I believe that a separate and independent Brewer Yacht Sales was the best option going for everyone involved,” Jack Brewer said in a statement. “Yacht sales is not the primary business of Safe Harbor Marinas. However, it was important to Safe Harbor and Brewer that the exceptional relationship between the boat owner, marina and brokerage be maintained. A separately owned and independent sales company staffed by the same personnel will do just that.
“Also, the new company will have the opportunity to establish sales offices at additional Safe Harbor locations, benefiting Brewer Yacht Sales, Safe Harbor Marinas and our members. Should be a win-win-win,” Brewer said.
“We could not have aligned ourselves with a better yacht brokerage partner than the current staff at Brewer Yacht Sales,” said Safe Harbor Marinas COO Rives Potts. “When Hal Slater stepped forward with a proposal to acquire the Brewer Yacht Sales brand, we knew it fit our direction. Hal has a passion for this business; he has been a top producer of brokerage sales over the years. He served on the Yacht Brokers Association of America board for six years prior to becoming the association’s president for the 2015-2016 term.”
Slater was asked to remain on the board after his term ended. He now serves as a member of the association’s future planning committee.
He has recently been asked to serve on the member advisory board for Yachtworld.com, which is the industry’s MLS system.
“Hal has also been active with the American Boating Congress on Capitol Hill in Washington as an advocate lobbying on important industry issues,” Potts said. “Hal is very well known and respected within this industry, and with those relationships I know he will be successful in growing the Brewer Yacht Sales brand.”