09/2008 –

Ferretti S.p.A., parent company of Ferretti group, a world leader in the design, construction and sale of luxury motor yachts, has signed a definitive contract to acquire the assets, brands and ongoing operations of Allied Richard Bertram Marine Group, one of the largest yacht distribution and service providers in the United States. The transaction is expected to be completed the first week of September.

Allied Richard Bertram Marine Group, based in Fort Lauderdale, Florida, specializes in after sales service and marketing of both new and pre-owned motor yachts, as well as brokerage services. The group’s nine yacht service and distribution centers span Florida from Jacksonville to the Keys, serving clients in many prestigious yachting and resort communities.

The acquisition of Allied Richard Bertram Marine Group will give Ferretti a powerful distribution platform to reach and service its customers in Florida and throughout the US. As a result of this move, Ferretti group customers can look forward to a range of personalized, dedicated services in the American market as it enters important sectors with high added value, such as after-sales service assistance.

“We are extremely satisfied with this move,” commented Vincenzo Cannatelli, Ferretti. CEO, “which is yet another step forward in the growth of our group in a strategically important market, that of the U.S.A.”

Robert J. Tomsich, Chairman of Allied Richard Bertram Marine Group, said, “I am pleased with the integration of Allied Richard Bertram Marine Group with the Ferretti group. Each organization has its own outstanding reputation and brand loyalty. This transaction will be a great benefit to our customers and associates.”

– PR –