Marquis Yachts LLC, a wholly owned subsidiary of J&D Acquisitions, formed an exclusive partnership in China with one of the country's largest state-owned companies, Poly Technologies Inc., for the sales and distribution rights for Marquis Yachts throughout China.
The new joint venture will be called the Poly Marquis Yacht Co. Ltd.
“This is one of the most important and exciting days I’ve ever experienced throughout my 35 years in the recreational boating industry. Our new partnership with Poly is clearly the most significant business event throughout our yachting company’s history,” J&D Acquisitions chairman Irwin Jacobs said in a statement.
“It is anticipated that over the next few years China’s recreational yachting and boating market is emerging to become one of the largest recreational yachting markets in the world, and with our new Poly Marquis JV partnership we’re very confident that the Poly Marquis Company will become one of China’s largest and most important sellers of Marquis Yachts in the world,” Jacobs added.
The Poly Marquis Co. is opening a new, fully staffed distribution sales and full-service center at the new Serenity Marina and Yacht Club in Sanya, China. The new Poly Marquis Yachting Center will maintain a completely stocked inventory of all new Marquis Yachts, ranging in size from 42 to 72 feet, which will supply Marquis dealers throughout China.
Michael Marcotte will become the new general manager of the Poly Marquis JV and will work out of the new Poly Marquis JV office at the Sanya Serenity Marina and Yacht Club.
Poly manufactures and distributes several of China’s most well-recognized products and is the exclusive distributor and retailer through China for Ferrari, Maserati and Mercedes-Benz automobiles, as well as several other high-quality products and cultural and art businesses such as artwork auction.