Technomarine Yachts acquires Florida brokerage - Trade Only Today

Technomarine Yachts acquires Florida brokerage

Technomarine Group said Technomarine Yachts acquired the yacht brokerage firm Palm Beach Power Boats in Palm Beach, Fla.
Publish date:

Technomarine Group said Technomarine Yachts acquired the yacht brokerage firm Palm Beach Power Boats in Palm Beach, Fla.

“This is our second acquisition in the last nine months, and just one of several organizational expansions we are hoping to achieve as we continue the phenomenal growth we’re experiencing in both our sales team and our overall operations management,” Technomarine president Dennis Close said in a statement.

“We see great things in the coming months ahead, especially in the new-yacht construction segment, and we’re staying well ahead of that curve with forward-thinking management, as well as our strong dedication to customer service and client relationships. We are thrilled to have industry veterans like the father-and-son team of Robert and Brian Oelbermann aboard with us at Technomarine.”

“This move will allow us widen our opportunities to pursue additional revenue streams,” Palm Beach Power Boats founder and owner Robert Oelbermann said. “We will also have the ability to represent both brokerage vessels and new yachts, allying with Technomarine’s global footprint and 35-year brand history. It’s a strong move for us both.”

“With 15 years of experience in the highly competitive South Florida brokerage yacht market, our team is looking forward to putting their expertise to work with Technomarine as they expand into a new stage of growth,” Palm Beach Power Boats sales manager Brian Oelbermann said.


E-nnovation Lab to expand at 2018 Metstrade show

The growing demand for hybrid and electric engines is becoming more apparent within the leisure marine market, prompting Metstrade to introduce the E-nnovation Lab platform for electric propulsion technology.

Aluminum, tow boats lead moderate growth in May

Boat registrations were up 2.1 percent in May in the main powerboat categories, and rose 3.2 percent in all categories, according to preliminary data from Statistical Surveys Inc., a Michigan company that tracks new boat registrations.

Retaliatory tariffs on boats to EU start today

The 25 percent tariff the EU announced Wednesday on U.S.-built boats kicks in today, and a 10 percent tariff on boats sold to Canada will start July 1, prompting boatbuilders to worry they will lose sales to those countries.