Marine financing specialist LH-Finance said it has a new strategic partnership with Bavaria Yachts.
LH-Finance said the two companies decided after the U.S. Sailboat Show in Annapolis, Md., last week to start a new partnership. Special financing terms will be provided to retail buyers of Bavaria sailing yachts, motoryachts and catamarans.
Under the brand Bavaria Yachts, 24 models of sailing yachts and motoryachts are produced in Giebelstadt, Germany; catamaran models are built in Rochefort, France.
“We are delighted about the partnership with LH-Finance,” Bavaria Yachts CEO Lutz Henkel said in a statement. “North America is one of the key markets for Bavaria Yachts. With LH-Finance we will have a strong financial partner at our side to achieve our growth targets.”
“We are proud to continue to support such a leader as Bavaria Yachts and play an essential role in their North American development strategy by providing pertinent financing to their customers,” said William H.W. Crawford IV, CEO of United Bank, the parent company of LH-Finance.