US Watercraft LLC said today that it acquired the Alerion Yachts, True North and North Rip brands from Pearson Marine Group.
Based in Portsmouth, R.I., US Watercraft is the licensed builder of the J/22, J/24, J/80 and J/105 lines of J/Boats and the Farr 30 and Farr 40. US Watercraft said it will service and build Alerion, True North and North Rip.
Pearson has a 50-year heritage and was a division of TPI Composites that built sailboats and powerboats until 2004, when TPI sold its name and wind energy divisions, but retained its marine division.
The US Watercraft acquisition of the three brands includes all of the manufacturing assets, including the records and parts necessary to construct the Pearson boat lines and the tooling that can be used to build and service the larger and out-of-production J/Boats and related parts.
US Watercraft also said it entered into a lease on 42,000 square feet of manufacturing and office space at the current Pearson/TPI facility in Warren, R.I. The acquisition essentially returns the J/24 to its roots because this is the facility where most of the world's 5,500 J/24s were built prior to 1998.
USWatercraft will continue to provide service and repair work for sailing and power boats through affiliate company Waterline Systems. The Waterline Systems service work will remain at its facility in Portsmouth, R.I.
"We are extremely excited about this wonderful opportunity to add these high-quality brands to the USWatercraft family. We can provide a full line of world-class sailing and power boats that are backed by the highest-quality customer support." USWatercraft president Randy Borges said in a statement.