Hake Yachts, the Stuart, Fla.-based builder of retractable-keel sailboats, is now under new ownership.
Indianapolis businessman Ted Gelov recently acquired the assets of Hake Yachts, which produces Seaward sailboats. He said the company will remain focused on its core business, with yacht designer and company founder Nick Hake remaining with the company.
“Ted Gelov has the requisite management and marketing experience to energize this exceptional company and the Seaward Brand, and I am excited to focus my expertise towards improving the unique Seaward design,” Hake said in a statement.
During the next 12 months Hake Yachts plans to improve customer service and communication with Seaward owners, create a product catalog and newsletter, and debut new designs and sizes. The company will continue offering limited production of the Seaward brand — about 40 or 50 boats per year — to preserve value for Seaward owners.