Grand Banks, Palm Beach Finalize Acquisition
June 17, 2025
The brands’ acquisition of Casey’s Marina in Newport, R.I., includes the adjacent 10,000-square-foot Waites Wharf.
The brands’ acquisition of Casey’s Marina in Newport, R.I., includes the adjacent 10,000-square-foot Waites Wharf.
At the new Grand Banks Yachts factory in
Malaysia, boats from the Grand Banks and Palm Beach brands epitomize the company’s evolution
Revenues were up 37.8%, but net profit fell 42.4% from the same quarter a year earlier.
Lynn Fischer will work to expand the brand, deepen client engagement and strengthen the group’s reputation.
The company recorded revenue of $30.3 million, an increase of 29.1% from the year-ago quarter.
Capt. Simon Davidson was named New England operations manager and will be based in Newport, R.I.
The builder posted a 48.7% increase in revenue to $37.5 million for the six months ending Dec. 31, reversing a loss in the first half of the year.
The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.
After consolidating production to Malaysia, the builder said the Grand Banks, Eastbay and Palm Beach brands all will adopt the proprietary V-Warp hull design.
The announcement follows the Malay government order extending movement restrictions to curb the spread of Covid-19.
The brands’ acquisition of Casey’s Marina in Newport, R.I., includes the adjacent 10,000-square-foot Waites Wharf.
At the new Grand Banks Yachts factory in
Malaysia, boats from the Grand Banks and Palm Beach brands epitomize the company’s evolution
Revenues were up 37.8%, but net profit fell 42.4% from the same quarter a year earlier.
Lynn Fischer will work to expand the brand, deepen client engagement and strengthen the group’s reputation.
The company recorded revenue of $30.3 million, an increase of 29.1% from the year-ago quarter.
Capt. Simon Davidson was named New England operations manager and will be based in Newport, R.I.
The builder posted a 48.7% increase in revenue to $37.5 million for the six months ending Dec. 31, reversing a loss in the first half of the year.
The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.
After consolidating production to Malaysia, the builder said the Grand Banks, Eastbay and Palm Beach brands all will adopt the proprietary V-Warp hull design.
The announcement follows the Malay government order extending movement restrictions to curb the spread of Covid-19.
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