Despite the lagging economy, Marlow Yachts is growing.
In the summer of 2011 David Marlow purchased the Merrill-Stevens Drydock Co., which has become Marlow Merrill-Stevens. The original shipyard in Miami was incorporated in 1885, making Marlow Merrill-Stevens the oldest shipyard in operation today, according to the company.
The property is 12 acres and Marlow is in the middle of a two-year renovation. He plans to restore the property and build fresh amenities catering to family boaters and megayachts because the facility can handle both.
Marlow also found a new opportunity in the acquisition of Hunter Marine. The acquisition includes Mainship Trawlers, which the company said will be a great addition to its growing empire.
The company said Marlow intends to bring to Hunter-Mainship the advanced technology he has developed with Marlow Yachts. He also plans to invest in and develop these companies with the same cost efficiency and increased perceived value that he developed with Marlow Yachts.
There have been concerns that Marlow would move these operations overseas, but there are no plans for that, according to the company.
The company said Marlow intends to bring to the United States the technology that he has implemented in China, but he does expect that some components, such as hatches and ports, will be built abroad to maximize cost efficiency.
Boats will be built in Alachua, Fla., with concern for the environment and community in mind, the company said. All of the core team members of Hunter remain on site in preparation for the upcoming "Life begins at Forty" promotional ventures to be unveiled in 2012-2013.