icon_arrow_down icon_arrow_left icon_arrow_left_large icon_arrow_right icon_arrow_right_large icon_arrow_up icon_bullet_arrow icon_call icon_close icon_facebook icon_googleplus icon_grid_off icon_instagram icon_login icon_mail icon_menu icon_message icon_minus icon_pinterest icon_plus icon_quote_end icon_quote_start icon_refresh icon_search icon_tick_on icon_twitter icon_video_play icon_youtube

Sign up to our mailing list for the latest Boat International & Events news.

SIGN UP

Missing your newsletter?

The General Data Protection Regulation (GDPR) which came in to effect on the 25th May might mean that you’ve stopped receiving emails from us. To make sure you don’t miss out on any more emails from Boat International update your email preferences now.

UPDATE NOW
No, thanks
Brunswick sells Hatteras motor yachts and Cabo sportfishing yachts

Brunswick sells Hatteras motor yachts and Cabo sportfishing yachts

Brunswick corporation announced that is has completed the sale of two yacht brands, Hatteras motor yachts and Cabo sportfishing convertible yachts, to Navis HYC Acquisition, an affiliate of the Philadelphia, Pennsylvania-based Versa Capital.

We reported in January that Brunswick Corporation had put Hatteras Yachts and Cabo, both based in New Bern, North Carolina, up for sale. Brunswick had purchased Hatteras in 2001 and Cabo in 2006.

Lazard Middle Market acted as the sole investment banker for Brunswick in this transaction, for which details have not been disclosed. However, both builders are expected to remain in North Carolina with current Hatteras and Cabo President and CEO John Ward staying on board.

Brunswick Chairman and Chief Executive Officer Dustan E. McCoy says, 'We are pleased to complete this process in a manner that will help maintain the legacy of the Hatteras and Cabo brands. Further, we are gratified that this transaction will result in Hatteras and Cabo remaining in New Bern, while continuing to provide employment opportunities for the employee base.'

Hatteras is set to launch its new flagship, the first Hatteras 100 RPH, which is scheduled to debut at the Fort Lauderdale International Boat Show this fall.

Upgrade your account
Your account at BOAT International doesn't include a BOAT Pro subscription. Please subscribe to BOAT Pro in order to unlock this content.
Subscribe More about BOAT Pro