Ferretti S.p.A., parent company of yacht manufacturer Ferretti group, is acquiring the assets, brands and ongoing operations of Allied Richard Bertram Marine Group, a Fort Lauderdale-based yacht distribution and service provider.
Financial details of the deal were not announced. The transaction is expected to be completed next month.
“We are extremely satisfied with this move, which is yet another step forward in the growth of our group in a strategically important market, that of the USA,” said Ferretti CEO Vincenzo Cannatelli, Ferretti.
Allied Richard Bertram Marine Group has nine yacht service and distribution centers, which span from Jacksonville, Fla., to the Florida Keys.
“This transaction will be a great benefit to our customers and associates,” said Robert Tomsich, chairman of Allied Richard Bertram.