Northrop & Johnson Acquired By MarineMax
\n \tProlific American boat dealer MarineMax is to acquire global brokerage house Northrop & Johnson, it has been announced.
\n Last year MarineMax announced it would be consolidating its presence in\u00a0the field of superyacht brokerage with the acquisition of Fraser Yachts. The move one year later to acquire another LYBRA member, Northrop & Johnson, has proven to solidify this, pooling strengths and enhancing the services provided by the growing family.\u00a0
\nWe spoke with Northrop & Johnson CEO Kevin Merrigan and MarineMax CEO Brett McGill to discuss the move.\u00a0
\n\u2018We\u2019re thrilled – they\u2019re an incredibly high integrity group of people,\u2019 Merrigan\u00a0told us. \u2018We\u2019re thrilled to be a part of the family and work with their friends at Fraser, it\u2019s an excellent opportunity to draw on our different strengths.\u2019
\nIn terms of practical differences, Northrop & Johnson will see their portfolio of services strengthened by the ability to offer clients in-house technical management as a result of the move. \u2018We have great partnerships within the industry, and we see a lot of synergies there. MarineMax is young, energetic, and has weathered the recession particularly well.\u2019
\nTalks of the acquisition began in earnest in February, Merrigan\u00a0told us. \u2018I think MarineMax had been considering it before that. They saw an opportunity to gain market share, where others might not be strong enough to do something like this.\u2019
\nBrett McGill, CEO of MarineMax, added, \u2018Around a year ago we made the decision to extend the business upwards. We were selling a lot of yachts 120 feet and under,\u00a0and didn\u2019t have any yacht charter services, so we made the move with Fraser.
\nJust as we\u2019ve grown MarineMax, we were introduced to the people at Northrop & Johnson, and they were a great culture fit for us. Each brings different skillsets to the table, so this really should be one plus one equals three.\u2019
\nAlthough both Fraser and Northrop & Johnson strong suits are manifold, McGill is particularly excited about the synergy of Fraser\u2019s yacht management services with Northrop\u2019s marketing savvy. \u2018This extends us strongly into the superyacht realm.\u2019
\nFrom the perspective of each party\u2019s respective clients, there will be no big changes – Brett assured us it will be very much \u2018business as usual\u2019, apart from the added benefit extended services.\u00a0
\nAlthough travel restrictions remain in place in many countries and the lockdown is far from behind us, yachting in the US evidently remains very strong. \u2018We\u2019ve always had a strategy of getting people on the water and enjoying the sea – and now more than ever, that strategy is paying off.\u2019
\nWhile we look forward to seeing an increase in domestic charters in the US in the coming months, many of us remain\u00a0anxiously awaiting the reprisal of international travel restrictions. To plan your post-lockdown getaway, check out Northrop & Johnson’s enviable charter fleet, inclusive of iconic superyachts such as Tankoa’s 71m flagship Solo (pictured).\u00a0
\nWe would like to applaud MarineMax and Northrop & Johnson on the acquisition, and look forward to seeing what this synergy of industry giants has to bring in the coming months.\u00a0
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\t Northrop & Johnson Acquired By MarineMax <\/p>\n
\t Northrop & Johnson Acquired By MarineMax <\/p>\n
\t Northrop & Johnson Acquired By MarineMax <\/p>\n
\t Left Raphael Sauleau, CEO Fraser Yachts, Right Brett McGill, President and CEO MarineMax <\/p>\n
\t Fort Lauderdale Int Boat Show 2019 <\/p>\n
\t Fort Lauderdale Int Boat Show 2019 <\/p>\n
\t Kevin Merrigan in SYCOM Breaking News Centre, MYS19 <\/p>\n
\t Kevin Merrigan, CEO Northrop & Johnson <\/p>\n","protected":false},"excerpt":{"rendered":"
Northrop & Johnson Acquired By MarineMax Prolific American boat dealer MarineMax is to acquire global brokerage house Northrop & Johnson, it has been announced. Last year MarineMax announced it would be consolidating its presence in\u00a0the field of superyacht brokerage with … <\/p>\n