MarineMax acquires Fraser Yachts Group

US yacht broker MarineMax has acquired Fraser Yachts from the AzimutBenetti Group and will consequently expand Benetti’s presence in North America.

Fraser, based in Monaco and with 20 offices around the globe, will operate as normal with its existing team, including chief executive Raphael Sauleau. Current directors Paolo Vitelli and Roberto Giorgi will also remain at Fraser in an ‘advisory capacity’.

Speaking about the move, Brett McGill, president and chief executive officer at MarineMax, commented, “The acquisition of Fraser is significant for MarineMax as it dramatically increases our presence and strength in the strategically important superyacht category.

“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 present larger and more luxurious options to many of our customers, who are looking for that next step.”

Paolo Vitelli, chief executive officer and chairman of the Azimut Benetti Group, added, “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.”

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