Dominion Marine Media acquires YachtCloser

Dominion Marine Media said it acquired

Dominion Marine Media said it acquired

“This acquisition is a first step in leveraging technology to deliver more value to our industry partners,” Dominion CEO Sam Fulton said in a statement.

“Shared customers will soon have the ability to connect their inventory seamlessly between YachtWorld and YachtCloser, driven from one point of data entry, saving them time and money.”

Dominion said YachtCloser reduces the time yacht brokers and dealers spend filling out paperwork by more than 60 percent, allowing them to enter information only once and populate all forms and documents simultaneously with the click of a button.

YachtCloser has more than 50 standard brokerage forms and contracts available for use, including all standard brokerage agreements, and even state registration and Coast Guard documentation, Dominion said.

"We are delighted to have completed this transaction with DMM and are excited about the opportunity to create a true end-to-end solution for the yacht brokerage and boat dealer industry,” YachtCloser CEO Brad Parker said in a statement.

“As a previous broker and dealer myself, I experienced firsthand the frustrations from managing multiple applications that didn’t communicate with each other. By bringing the industry’s leading administrative and marketing tools together, we can now unify the process. YachtCloser was created to help brokers contract and close more deals, and we look forward to realizing that mission even more.”

The acquisition is the first by Dominion after the company’s recent purchase by funds advised by Apax Partners.


Boat Demand Remains Strong, But Inventory Shortages Prevail

Dealers worry that the absence of new boats is driving up prices.

Electric Boat Company Completes IPO Process

Canada-based e-mobility outfit Vision Marine raises $27.6 million to reinvest in its line of electric vessels and 180-hp, E-Motion outboard.

Besenzoni Introduces Electric-Powered Gangways

The company says it will introduce electric power across its line of ladders, tender lifts and more.

Quick Hits: November 30, 2020

Newmar celebrates 50 years; Pebble Mine permit denied by Army Corps; and several yacht builders will feature Raymarine.

NTSB Calls for Safety Changes After Dive Boat Fire Killed 34

Recommendations included interconnected smoke detectors and alternative escape paths.

Boat Registrations Continued to Soar

Strong demand continued through September.

2020: A Timeline

Changes ahead, changes behind: A long, strange year.