Friday, August 8, 2008
Forli, Italy, and Fort Lauderdale, Florida, U.S.A., August 8, 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.”
Ferretti S.p.A.
Ferretti S.p.A. is the head company of Ferretti group, one of the world leaders in the design, construction and sale of luxury motoryachts, with a unique portfolio of nine of the most exclusive, prestigious brands in the nautical world: Ferretti Yachts, Pershing, Itama, Bertram, Riva, Apreamare, Mochi Craft, CRN, Custom Line.
Ferretti group, founded by Norberto Ferretti in 1968, is on the cutting-edge of the nautical world, thanks to constant product and process innovation, and continuous research within the sphere of technology. Luxury yachts are designed by a team of about 90 designers and specialised technicians (Advanced Yacht Technology), and built in the Group’s 25 production units. The Group’s over 3,000 employees, led by Chairman Norberto Ferretti and CEO Vincenzo Cannatelli, share a continuous quest for quality, technological excellence, top performance, an exclusive, innovative design, maximising comfort and taking painstaking care over detail. This common, daily commitment has taken Ferretti group to the very heights of the nautical world.
The group is also present in Asia, through a branch of representation and promotion in Shanghai, and on the American continent through its subsidiary Ferretti Group USA Inc. An exclusive network of about 85 carefully selected dealers market group yachts in over 80 countries, and guarantee clients the very best assistance in marinas all over the world.
Allied Richard Bertram Marine Group
Formed in 2002 by the merger of two world-renowned companies, Richard Bertram Yachts Inc. and The Allied Marine Group, Allied Richard Bertram Marine Group has over one hundred years of combined experience in the marine industry. Allied Richard Bertram Marine Group's passion for the marine industry is reflected daily in the company's exacting quality standards, emphasis on customer service and dedication to professionalism. Each day throughout nine sales and service centers from the Florida Keys to Jacksonville, Allied Richard Bertram Marine Group earns its reputation as one of the world's leading yacht sales and service organizations. The Eagle, the long-held corporate symbol, represents the standards of pride, strength, dignity and grace to which Allied Richard Bertram Marine Group is deeply committed.