Denison Yacht Sales said it opened an office in St. Thomas, U.S. Virgin Islands.
The office is at American Yacht Harbor in Red Hook on the east end of the island and Denison broker Wiley Sharp will manage it.
"The brokerage market in the Caribbean is operated by relatively small, independent companies," Sharp said in a statement. "I'm excited to bring Denison, a major North American brokerage company, to the island, as local yacht owners, buyers and sellers should all benefit from the company's expertise."
St. Thomas is the largest of the U.S. Virgin Islands and is a popular destination for boating enthusiasts.
Denison said its expansion to St. Thomas was fueled by the steady growth of the catamaran market in the past decade and the Caribbean's appeal as a cruising ground.
“We are excited to expand our business and join the local community of St. Thomas. This is a great opportunity for us to grow the Caribbean market at one of the finest marinas in the U.S. Virgin Islands," Denison Yacht Sales president Bob Denison said. "This office also will complement our brokerage office in Puerto Rico."