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.