fraser yachts marinemax

Mr. McGill continued, “We are also very excited to add the Benetti Class of yachts to our luxury motoryacht offering. The history and product of Benetti separates the brand from other yachts and will allow for a great migration for many of our customers who are seeking larger and more luxurious yachts.”

Paolo Vitelli, Chief Executive Officer and Chairman of the Azimut/Benetti Group, stated, “MarineMax has been a valued partner of the Group. MarineMax’s unrivaled success through many years makes it the best possible owner of Fraser for the future. Strategically, becoming independent from the Group will favor the development of the commercial relationship of Fraser around the world.”

The acquisition is subject to the customary completion of certain legal requirements in Europe and is currently expected to be completed in stages over the next few weeks.

The Company will provide an update to its fiscal 2019 guidance in its June quarter 2019 earnings release.

Source: BusinessWire

Post your comment

You cannot post comments until you have logged in.

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments

Search articles with keywords

By SuperyachtNews 03 Jul 2019

MarineMax acquires Fraser

Fraser ceo, raphael sauleau talks exclusively about the nature of the acquisition and the brokerage house’s plans moving forward….

MarineMax – one of the largest recreational boat and yacht retailers in the US – has confirmed that it has acquired superyacht brokerage house Fraser in an agreement that is anticipated to be accretive in its first year. Formerly owned by the Azimut Benetti Group, which assumed sole ownership in October 2014, Fraser has expressed expansion plans as a result of its new shareholder.

“The process was indicated by our shareholder at the time,” recalls Fraser CEO Raphael Sauleau. “The process and discussions went pretty fast, and it was only a few months ago that things started to materialise.

“The ties between the companies are very strong and I think the desire for Mr Vitelli was that when he came to sell Fraser, it would be handed over to a company that shares the same values as Azimut Benetti,” Sauleau continues. “He found that attribute in MarineMax, which is the reason why the discussions went very fast from the day MarineMax had the desire to acquire Fraser.”

MarineMax has worked closely with Azimut Benetti for many years, having represented Azimut in the United States since 2006. Today, alongside the acquisition of Fraser, MarineMax has strengthened its relationship with the Italian shipyard once again as it takes on an exclusive dealership agreement for Benetti yachts in North America.

“MarineMax has been a valued partner of the Group,” says Paolo Vitelli, CEO and chairman of the Azimut Benetti Group. “MarineMax’s unrivalled success through many years makes it the best possible owner of Fraser for the future. Strategically, becoming independent from the Group will favour the development of the commercial relationship of Fraser around the world.”

As explained by Sauleau, one of the primary objectives for the Azimut Bentti Group was to ensure that Fraser was acquired by a firm that would look after the brand and continue to invest in its growth and development.

"MarineMax, is a very strong brand and an extremely high performer in the US market. The new acquisition will allow us to increase our footprint there. - Raphael Sauleau, CEO, Fraser

“MarineMax, is a very strong brand and an extremely high performer in the US market,” says Sauleau. “The new acquisition will allow us to increase our footprint there. We already have three offices out in the US and we had big plans to expand in the region. Naturally now with the parent company being very strong in America, we will implement a strategy to develop the brand and our presence out there.”

MarineMax has expressed to the parties involved that it is keen to work with Fraser to strengthen the business and provide the brokerage house with the resources it needs to continue on its upward trend. “MarineMax are not just coming to take over,” continues Sauleau. “They really want to grow our business and to provide some resources and invest, potentially, where it is needed to expand our brand to areas where we are not necessarily present in today.”

The new acquisition will also enable Fraser to work on areas such as marketing, digital marketing and other growth strategies to further enhance the brand.

“The acquisition of Fraser is significant for MarineMax as it dramatically increases our presence and strength in the strategically important superyacht category,” says W. Brett McGill, CEO and president of MarineMax, Inc. “Secondly, it expands our international capabilities and footprint, unlocking other potential future opportunities.

“We are very excited about adding Fraser and its team to MarineMax,” McGill continues. “Fraser is clearly the leader in the services it offers and we intend that it will operate in the future as it has historically. We are happy that Paolo Vitelli and Roberto Giorgi (Chairman of Fraser) will remain with Fraser as their years of experience are invaluable.”

According to The Superyacht Annual Report: Brokerage, Fraser was recorded to have the highest cumulative value of its transactions over a sustained five-year period, based on the sample size. Here, the brokerage firm contributed to approximately 17 per cent of the entire brokerage sector’s market capitalisation between 2013 and 2017.

The Superyacht Agency has also recorded that to date in 2019 Fraser has achieved the most sales, having contributed to 11.8% of total sales so far.

“What makes us stand out today is the fact that we have been around for a long time, our image is solid and people know that we are serious and professional brokers,” explains Sauleau. “And, of course, our international reach; we are everywhere – Asia, the Middle East, Europe and USA – and that combined allows us to grow as we have been doing, and now having a new partner is even more exciting for future growth.”

While MarineMax is prominent in the smaller recreational boating segment, the acquisition of Fraser will allow the company to feed its clients into the larger yachting segments, should they wish to upgrade, internally to the company.

“MarineMax remains the leader in that market segment, and while they are still preforming very well there, Fraser as a company may allow some of their clients to look at bigger boats, which today is not so much of an opportunity,” says Sauleau. “Instead of clients going to other brokerage houses, they will remain within the family and hopefully buy boats internally.”

It’s not our strategy to go below 25m,” confirms Sauleau. “Working with MarineMax will provide an opportunity for people who want to go bigger rather than us looking at smaller boats.”

The acquisition is subject to the customary completion of certain legal requirements in Europe and is currently expected to be completed in stages over the next few weeks.

Profile links

Fraser Yachts

Join the discussion

To post comments please Sign in or Register

When commenting please follow our house rules

Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry’s most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here .

Sign up to the SuperyachtNews Bulletin

Receive unrivalled market intelligence, weekly headlines and the most relevant and insightful journalism directly to your inbox.

Sign up to the SuperyachtNews Bulletin

The superyachtnews app.

Follow us on

Media Pack Request

Please select exactly what you would like to receive from us by ticking the boxes below:

SuperyachtNews.com

Register to comment

• Advertising
• Subscriptions

MarineMax Acquires Fraser Yachts

“The acquisition of Fraser is significant for MarineMax as it dramatically increases our presence and strength in the strategically important superyacht category. Second, it expands our international capabilities and footprint, unlocking other potential future opportunities,” W. Brett McGill, chief executive officer and president of MarineMax, Inc., said. “We are very excited about adding Fraser and its team to MarineMax. Fraser is clearly the leader in the services it offers and we intend that it will operate in the future as it has historically. We are happy that Paolo and Roberto will remain with Fraser as their years of experience are invaluable.”

Azimut was founded in 1969 and purchased Benetti in 1985. Azimut has been represented by MarineMax in the United States since 2006. In addition to the purchase of Fraser, MarineMax further strengthened their relationship with Benetti Yachts by signing a multi-year deal to become the exclusive dealer of Benetti’s yachts in North America. “We are also very excited to add the Benetti Class of yachts to our luxury motoryacht offering. The history and product of Benetti separates the brand from other yachts and will allow for a great migration for many of our customers who are seeking larger and more luxurious yachts,” McGill added.

Evin Moore is an assistant editor at Northwest Yachting. He grew up in Redmond, Washington, graduated from UW, and looks to get on the water every chance he gets. Say hello at [email protected]

WA Ecology Offers $183 Million for Clean Water Projects

Victoria international marina wins environmental award, you may also like, allison lehman joins swiftsure yachts, port townsend marine trades step up to help, sales momentum sparks up at worth avenue yachts, ports in the storm, west marine and ocean reef help out during..., seattle yachts buys tartan legacy yachts, nmta offers covid-19 business resources, new leadership at signature yachts, pacific northwest yachts merges with yacht services, crow’s nest yachts expands in washington, leave a comment cancel reply.

Save my name, email, and website in this browser for the next time I comment.

Privacy Overview

• MarineMax-stock
• News for MarineMax MarineMax

MarineMax's Subsidiary Fraser Yachts To Acquire Controlling Interest In Atalanta Golden Yachts

(RTTNews) - MarineMax, Inc. (HZO), the world's largest recreational boat, yacht, and superyacht services company, announced Monday that Fraser Yachts, its wholly owned subsidiary, has executed a definitive agreement to acquire a controlling interest of Athens, Greece-based charter management agency Atalanta Golden Yachts.

The acquisition strengthens MarineMax's position as the world's largest provider of superyacht services.

John Dragnis, principal shareholder of Atalanta Golden Yachts, maintains a significant stake and will remain involved in the growth and development of Fraser's operations in Greece.

The acquisition is expected to close in the quarter ending December 31, 2023, and be accretive in its first full year of operations.

Atalanta Golden Yachts is one of Greece's leading yacht charter management companies. Since 2006, Atalanta Golden Yachts has successfully managed luxury charters for clients in Greece and many other destinations around the world, including France, Italy, Croatia, Turkey, the Red Sea, and the Caribbean.

MarineMax News MORE

Related stocks.

Rhysida ransomware group claims MarineMax yacht dealer attack

US luxury yacht dealer MarineMax was reportedly attacked by the Rhysida ransomware group earlier this month.

The company, which experienced record revenue this year, filed a report on March 10 with the U.S. Securities and Exchange Commission, announcing that it had experienced a "cybersecurity incident."

The Florida firm said that it took "immediate measures to contain the incident," but portions of the business experienced some disruption. In the Form 8-K filing, there was no mention of ransomware, and its operations "continued throughout this matter in all material respects."

It added: "The Company does not maintain sensitive data in the information environment impacted by the incident.”

However, RansomLook.io reports that Rhysida uploaded a sample of the data they allege to have taken from MarineMax onto their website. The collections of documents do not reveal their specific nature. It appears that most of the disclosed documents primarily feature financial accounts.

Cybersecurity analyst Dominic Alvieri reportedly posted an image on X, showing that Rhysida was holding a seven-day auction for the documents. The caption stated, “Open your wallets and be ready to buy exclusive data.”

Rhysida might still release the data publicly if the bids don't meet its expectations, given that the current price is set at 15 Bitcoin, which is equivalent to $1.007 million.

“With just seven days on the clock, seize the opportunity to bid on exclusive, unique, and impressive data,” its website reads.

“We sell only to one hand, no reselling, you will be the only owner!”

MarineMax boasts a global presence with more than 125 sites, encompassing 78 dealerships and 57 marinas. Employing close to 4,000 individuals, MarineMax reported revenues exceeding $500 million in the first fiscal quarter of 2024.

Other Rhysida ransomware targets

It's not the first time the group has attacked a high-profile target. In December 2023, it made good on a promise to leak gaming and personal data related to Insomniac Games .

The Spider-Man developer refused the ransom demand of 50 Bitcoin (BTC), which is equivalent to around $2 million.

This resulted in the sharing of sensitive information online about the company's gaming projects including screenshots from Wolverine , but more importantly personal details of Insomniac staff. It was alleged that the ransomware group released 1.67 terabytes of data, made up of more than 1.3 million files.

Featured image: Canva / DALL-E

The post Rhysida ransomware group claims MarineMax yacht dealer attack appeared first on ReadWrite .

Maxi-Open Mangusta Yachts presented at Boat Shows in Palm Beach and Moscow

• Inspiration

Related News

Popular news this week, popular news this month, latest news.

• Yacht Charter & Superyacht News >

Written by Zuzana Bednarova

Two important events saw the Mangusta Maxi Open by the prominent Italian builder Overmarine again protagonist on the nautical scene: Marine Max exclusive partner for the United States attended the Palm Beach Boat Show , running from March 22 to 25 with the spectacular motor yacht Mangusta 92 and the Mangusta 130 superyacht on display. Burevestnik Group, on the other hand, was the star of the Moscow International Boat Show , taking place from March 20 to 25 exhibiting the scale models of the luxury yacht Mangusta Oceano 148, the superyacht Mangusta 92, the Mangusta 165 as well as Mangusta 130 yachts.

Mangusta 92 Superyacht

MANGUSTA 92 ( an example of Mangusta 92 is the motor yacht ILLUSION ) Stylish and fast luxury motor yacht Mangusta 92 represents perfect proportions. She offers an ambitious layout that permits for 3 beautiful staterooms and a relax room or 4 staterooms, each with high-tech entertainment centers. Run by twin MTU 16V2000M94 of 2600Hp each and Kamewa 56S3 jet drives, the Mangusta 92 achieves the exciting speed of 37 knots.

Luxury motor yacht Mangusta 130

MANGUSTA 130 ( for example the charter yacht Ability ) Mangusta 130 superyacht combines pleasure and performance. Her lower deck provides 4 lovely staterooms and a salon or 5 staterooms. When the twin 3640-hp MTU16V4000 M93L are fired up and bring the vessel to a full speed of 39 knots, the peaceful as well as relaxing feeling remains, as there is no noise or vibration.

Megayacht Mangusta 165

MANGUSTA 165 ( an example can be the luxury charter yacht ZEUS ) The biggest fiberglass Open Yacht ever built, the luxury megayacht Mangusta 165 brings together state of the art technology with extreme comfort. With a speed of 39 knots, the Mangusta 165 exceeds all expectations in terms of performance, with the stabilizers that provide the smoothest ride. This majestic and elegant vessel offers extraordinarily spacious interiors with four or five staterooms and a living space.

Superyacht Mangusta Oceano 148

MANGUSTA OCEANO 148 Mangusta Oceano 148 superyacht is built to provide her Owner with the utmost in luxury and comfort aboard by integrating the latest technology processes with the most advanced marine equipment available in the market. Her interiors can be built in any kind of wood and with the style (design) selected by the Owner.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "Maxi-Open Mangusta Yachts presented at Boat Shows in Palm Beach and Moscow".

• Charity & Fund Raising
• CharterWorld News
• Classic Yachts
• Coronavirus
• Cruise Ship
• Ecological Yachts
• Expedition Yachts
• Expert Broker Advice
• Feature Superyachts
• Interior Design
• Legal & VAT Yacht Issues
• Luxury Catamarans
• Luxury Gulet
• Luxury Phinisi
• Luxury Trimarans
• Luxury Yacht Design
• Luxury Yachts
• Marinas & Harbours
• Marine Ecology
• Marine Electronics
• Marine Equipment
• Mega Yachts
• Modern Yachts
• Motor Yachts
• New Launch Yachts
• New To Charter
• Open Style Sports Yachts
• Private Jets
• Sailing Yachts
• Social Media
• Sports Yachts
• Superyacht Crew
• Superyacht Photographers
• Superyacht Products & Supplies
• Superyacht Refits
• Superyacht Reviews
• Superyachts
• Uncategorized
• Yacht Builders
• Yacht Charter
• Yacht Charter Destinations
• Yacht Charter Picks
• Yacht Charter Specials
• Yacht Delivered to Owner
• Yacht Designers
• Yacht Events & Boat Shows
• Yacht Fashion
• Yacht Industry News
• Yacht Photos
• Yacht Racing
• Yacht Racing & Regattas
• Yacht Safety Equipment
• Yacht Support Vessels
• Yacht Tenders
• Yacht Videos
• Yachting Associations
• Yachting Awards
• Yachting Business
• Yachts For Charter
• Yachts For Sale

Quick Enquiry

Superyacht news:.

Email Your Yachting News to: news @ charterworld.com

Luxury Yachts At Events

The Caribbean

The Mediterranean

The Pacific Northwest

Successful cooperation between Overmarine Group | Mangusta and Luxury Living – FENDI Casa at FLIBS

Overmarine Group at Dusseldorf Boat Show with Mangusta 92, Mangusta 130, Mangusta 165 and Mangusta 148 Oceano Yachts on display

Eye-catching Mangusta 130 Motor Yacht HAPPY DAY spotted in Fort Lauderdale

Video introducing new mangusta 165 e superyacht moonraker.

Ferretti Custom Line Navetta 30 series motor yacht GINDUNGO hits water in Italy

50m luxury motor yacht BEL1 launched in Pisa by Rossinavi

Luxury yacht UNIQUE S is brand new to the charter market in the Western Mediterranean

44m superyacht EXTRA TIME new to charter around the Western Mediterranean

Baglietto announces the launch of 41m luxury yacht ASTERA

Another great special offer on board 36m motor yacht CALYPSO I

Superyacht KISMET – the 122m Lurssen motor yacht the charter market has been waiting for

37m luxury yacht LEGEND offering unparalleled comfort on charters in the Western Mediterranean

Discover our Top 10 brand new yachts available for charter worldwide this year

Florida charter yacht REAL SUMMERTIME offering 10% discount

Looking ahead to the 2024 MYBA Charter Show in Genoa

Discover summer in New England aboard a luxury charter yacht: Escape to this beautiful northeast corner of the USA

Westport announce the first hull of their 36m W117 range is nearing completion

Last minute yacht charter deals in the Bahamas

49m sailing yacht ANIMA MARIS is offering discounted rates for the remaining summer weeks in Croatia

Take advantage of the exceptional 15% discount by 44m charter yacht BLISS in Greece

• Skip to content

Understand tomorrow, today.

Ransomware Group Takes Credit for Attack on Boat Dealer MarineMax

Cyber , News Briefs / March 22, 2024 by OODA Analyst

The Rhysida ransomware group has claimed responsibility for a recent cyberattack on boat dealer MarineMax and is offering to sell allegedly stolen data from the company for a significant sum, starting at 15 bitcoin ($950,000). MarineMax, one of the largest retailers of recreational boats and yachts globally, reported being targeted in a cyberattack that caused some disruption, as disclosed in an SEC filing. Although MarineMax has not provided extensive details about the incident, screenshots of financial documents and spreadsheets have been published by the cybercriminals to demonstrate the theft of valuable data. However, MarineMax stated in its regulatory filing that sensitive data is not stored in the compromised environment. The Rhysida ransomware group, known for targeting various sectors including government, IT, manufacturing, healthcare, and education, encrypts files on compromised systems and demands ransom. Despite researchers developing a decryption tool for Rhysida in February 2024, it is uncertain if the cybercriminals have since updated the malware to render the tool ineffective. The extent of file encryption or data theft in the MarineMax attack remains unclear, and further information from the company is awaited.

Read more: https://www.securityweek.com/ransomware-group-takes-credit-for-attack-on-boat-dealer-marinemax/

Share this:

A look at the most expensive superyachts at the Palm Beach yacht show and their insane features, from basketball courts on deck to ice baths and saunas

• The Palm Beach International Boat Show kicks off later this week.
• Eight megayachts are expected to be on display for would-be buyers and charter customers.
• These are the show's biggest yachts — and how many millions of dollars they are going for.

The Palm Beach International Boat Show — the yacht world's flashiest event stateside — is returning this year with over 800 boats for both deep-pocketed potential owners and window shoppers to peruse.

While it's impossible to know what exactly will be on display until the show begins on Thursday, it's expected that eight megayachts — generally defined as ships over 60 meters long — will be docked at the show and at nearby marinas like the Rybovich Marina in the ritzy Florida town.

Some of these are for sale at eye-popping prices, but others are available to if in case you fancy living like a billionaire for a week or two this summer (and if you have six figures to spare on a vacation).

These are the eight biggest yachts that will be at the Palm Beach International Boat Show and nearby marinas, in size order.

Nero: 90.1 meters

Price: From $497,000 a week (charter) Standout features: Pizza ovens, beauty salon, massage room, resistance pool

Reportedly owned by Irish billionaire Denis O'Brien, Nero is modeled after J.P. Morgan's 1930s ship , and was built in 2007 and updated in 2021.

She now boasts a gym on her sundeck with multiple cardio machines and a beauty salon, and has an on-board beautician for manicure, pedicure, hair, and massage needs. There's also an upgraded movie theater, two new pizza ovens, and both a pool and a jacuzzi.

For those who want to go overboard, she has more than a dozen toys, including a waterslide, Jet Ski, and flyboard.

Victorious: 85 meters

Price: From $876,600 a week in the summer and $950,000 a week in the winter Standout features: Hammam (Turkish bath), wine cellar, wood-burning fireplace, children's playroom

Victorious brings a party vibe to the yacht show. With a beach club on board, a wine cellar, a cigar clubroom , multiple bars, and a lounge with a piano, the vessel is made for entertaining. Plus, there's a playroom and movie theater to entertain the kids.

For tamer charter clients, Victorious has a suite of wellness features such as a gym, massage room, beauty salon and hammam, or Turkish bath — perhaps a custom request of her owner, Turkish businessman Vural Ak.

She also boasts a treasure trove of water toys, including Jet Skis, jetsurfs, inflatable kayaks, and scuba equipment.

Casino Royale: 72 meters

Price: TBD Special Features: Infinity pool, helipad, private jacuzzi

Purchased and refitted by car dealer magnate John Staluppi last year, Casino Royale is the latest of his James Bond-inspired yachts (he's also owned an Octopussy and a Skyfall, among others).

Casino Royale has a helipad that turns into a dancefloor, an infinity pool, and a wellness center with a gym and sauna. The owner's cabin has its own deck, which features a private bar and jacuzzi.

Related stories

However, the boat's price isn't listed, and while she's not necessarily officially for sale, that might change depending on who's prepared to buy, Mr. Bond.

Talisman C: 70.6 meters

Price: $60 million (or from $567,000 a week to charter) Special features: Massage and beauty room, private library

Likely the largest yacht for sale (not just charter) at the show, the Talisman C is a 2011 six-bedroom boat. The owner's cabin comes with an en suite bathroom, dressing room, private library, and crystal chandeliers.

Amenities include a gym, a beauty room, oversized jacuzzi, and a fully equipped bar. Her crew of 19 includes a trained masseuse, and the toy room comes equipped with a wakeboard, eFoil , and WaveRunners.

Joy: 70 meters

Price: From $650,000 a week Special features: Disco club, basketball court, onboard fitness instructor

Superyacht Joy testifies to the fact that owners want as many on-board experiences as they can get.

There's an expansive suite of fitness features, including a basketball court (don't shoot that hoop too hard!), a personal trainer on staff, boxing equipment, and a handful of machines. For post-workout winddowns, there's a spa with a steam room and onboard masseuse. And for entertainment, there's both an outdoor and indoor cinema, and a disco club.

Triumph: 65.4 meters

Price: From $707,600 a week in the summer and $650,000 a week in the winter Special features: Sauna, helipad, banana boat

This 2021 superyacht is named after Triumph motorcycles — a reported favorite of her rumored owner, British businessman Chris Dawson — and even has one on display as an art piece in the upper deck's lounge. The primary suite is 1,400 square feet and has its own study , and there's a sauna, an indoor-outdoor gym, a helipad, and a massage room spread among her six decks.

She boasts an "armada of water toys," including two kinds of Jet Skis, electric water bikes, and a banana boat.

Seanna: 64.5 meters

Price: $54,000,000 (or from $462,000 a week to charter) Special features: marble foyer, movie room, sundeck pool

The recently refurbished Seanna is available for sale and charter.

Her indoor-outdoor gym is on sea level so that passengers can take a dip after a session with the onboard personal trainer. There's also a sundeck pool, a helipad, a two-room massage facility, and, for the more cerebral guests, a library with an electric fireplace.

There are a number of toys on board, including a popular water trampoline and two WaveRunners.

Come Together: 60 meters

Price: $65,000,000 Special Features: DJ and videographer on board, ice bath, sauna

Next-to-new yacht Come Together is looking for a new owner after doing charters during the 2023 season.

The Beatles' influence is evident beyond the yacht's name, with guitars dotting the sky lounge and a crewmember who doubles as a DJ. There's also an outdoor cinema and bar for entertainment and an ice bath and sauna for the day after the party. The owner's suite has a private study and lounge, and each guest cabin has its own ensuite.

The sale includes a number of toys, like Jet Skis, kayaks, and Seabobs.

Watch: Inside the world's biggest cruise ship that just set sail

• Main content