Skip to main content

Post Yachts builder has new owner

Post Marine Group LLC, a family-owned company, acquired the assets of Post Marine Co. Inc. and will build the full range of Post Yachts at its facility in Chestertown, Md., on the eastern shore of Chesapeake Bay.

Terms of the deal were not disclosed.

Post Yachts are wonderful boats with a rich heritage of excellence and success dating back to 1957,” Post Marine Group president John Patnovic said in a statement. “The people at Post are extremely well-regarded for their honesty, integrity and the immense pride that they put into the boats they built. When presented with the opportunity to purchase the assets of the company we grabbed it.

“The new Post company will be run with the same values and spirit as the old one,” he added. “We will maintain Post’s proven approach to boatbuilding and continue to build yachts of quality, not quantity.”

Ken Jensen, former president of Post Marine Co. Inc., was retained as a consultant to help ensure a seamless transition to the new company.

Post Marine Group’s facility will be at Worton Creek Marina, an affiliated company owned by Patnovic and his wife, Libby. The marina has been involved in the maintenance, repair and refurbishment of boats since 1949.

These services will be available to existing Post owners through Post Marine Group. In addition, brokerage services will be available through Upper Chesapeake Yacht Sales, which is also an affiliated company.

Related

1_ROWE.OBIT

Indmar Co-Founder Dies at 95

A 20-year veteran of the U.S. Marine Corps, Dick Rowe dedicated himself to the recreational boating industry for more than four decades.

1_TRANSHIELD.ACQUISITION

Patrick Completes Transhield Acquisition

Patrick will provide support to the protective covering manufacturer and allow it operate independently in its current facilities.

Norm

Don’t Give Winter Shows a Pass

Local boat shows are one of the most effective ways to expose your dealership to new prospects and fill your sales funnel during the off-season.

1_PULSE.REPORT

DEALERS: Are You in Compliance?

A new FTC Safeguards Rule designed to protect consumers’ personal information goes into effect Dec. 9 — are you prepared?

1_MYSTICFIRE

Blaze Destroys Mystic Marine Facility

A four-alarm fire last night consumed at least two buildings and an undetermined number of boats at Seaport Marine in Mystic, Conn.

1_GULFCRAFT.EXPANDS

Gulf Craft Broadens Lineup

The Middle Eastern builder debuted its Majesty 72 and Silvercraft WA models at the Abu Dhabi Boat Show last week.

1_VISION.MARINE

Vision Marine Announces Battery Partnership

The production contract includes an initial purchase of 240 batteries from French manufacturer Negoy that will be used in 120 of Vision’s complete propulsion systems.