New Harbor, Maine-based Pemaquid Marine is under new ownership.
The yard was recently purchased by Ted Derivan, the founder of Transom Boat Works, which was formerly located in Nova Scotia.
Pemaquid Marine is best known as the builders of the Banks Cove 22, built at the yard since 1996 and designed by Charlie Pingree. It will continue to build these boats in three different models: Down East Lobster Cabin, Center Console and Day Boat and will expand the yard's capabilities to include Derivan's expertise in traditional wooden boat and wood/epoxy construction.
In addition to new construction, other services offered at the yard include restoration, repair, seasonal maintenance, engine and mechanical systems work, paint, brightwork and indoor/outdoor storage for boats up to 50 feet.
The yard's first construction project under the new ownership is a wooden 27-foot birdwatcher-style sharpie schooner designed by Phil Bolger. The boat has a spring launch date.