Skip to main content

Russo Marine acquires Massachusetts property

The new location is in Hingham, Mass., on Route 3-A at the Hingham Shipyard.

Russo Marine, after recently moving its flagship store and showroom from the Boston area to the northern shore of Massachusetts, purchased a 3-acre site on the state’s southern shore.

The new location is in Hingham, Mass., on Route 3-A at the Hingham Shipyard.

“After a successful 2015 opening of our new dealership facility on the North Shore in Danvers, Mass., we began the search for a complementary opportunity on the South Shore,” Russo Marine president and CEO Larry Russo Sr. said in a statement.

“The Boston market has three, distinct boating regions; the North Shore, Boston Harbor and the South Shore,” Russo said. “Since we have established facilities on the North Shore and Boston Harbor, it made sense for a South Shore location to better serve the entire market.

“We acquired the property, which is currently the home of Eastern Yacht Sales, a longtime sailboat dealer-broker,” he said. “Eastern will be relocating later this year. We will have a sales presence this spring, and we are now working on future development plans.”

Russo Marine is a fourth-generation family business that was founded in 1940 and has locations in Boston and Danvers, Mass., and Wakefield, R.I. The dealership carries the Sea Ray, Meridian, Boston Whaler and Sailfish brands.

Related

1_MARINEMAX.BOD

MarineMax Makes Appointment to its Board

Mercedes Romero has expertise in global procurement and strategic planning, working with such companies as Procter & Gamble and Starbucks.

1_ PULSE.PING.1

DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.

1_SPOTZERO

Spot Zero Announces Expansion

The Fort Lauderdale-based reverse osmosis systems manufacturer is adding a 20,000-square-foot production facility.

1_Seakeeper Ride 450_2023 Sportsman Open 232 Center Console

Seakeeper’s New System Targets Pitch

Seakeepeer, whose gyroscopic stabilizers set the marine industry standard for eliminating as much as 95 percent of a boat’s roll, is now turning its attention to eliminating pitch with their Seakeeper Ride system.

7_IMG_0254

Propeller Precision

Yamaha’s new $20 million foundry produces about 100,000 propellers a year

1_.MARTIN_FLORY

PR Firm Celebrates 60th Anniversary

Martin Flory Group has served the RV and marine industry segments since 1962.

Screen Shot 2022-09-26 at 9.29.49 AM

Mack Boring Turns 100

The New Jersey-based engine and components supplier, started in 1922 by Edward “Mack” McGovern, today is still a family-run business.

2_IBEX

IBEX Canceled

Tropical Storm Ian is expected to strengthen into a hurricane and impact Florida’s west coast sometime Wednesday.