Michael Reardon, founder of Daedalus Yachts and owner of Catalina Yachts and True North motor yachts, has acquired Tartan Yachts, Freedom Yachts and AMP Carbon Spars from Seattle Yachts.
“Tartan, Freedom, Catalina, and True North each have a proud history and loyal following,” Reardon, CEO of Daedalus Yachts, said in a statement. “Together, we have the teams, resources, and shared vision to protect each brand’s legacy while driving innovation for the next generation of boaters.”
A company statement said that the acquisitions underscore Reardon’s commitment to strengthening U.S. boatbuilding. Additionally, the company has plans new models, updated designs and sustainability initiatives. These include reducing CO₂ emissions and waste, advancing composite technologies, using eco-friendly natural materials, and exploring alternative propulsion systems.
According to the statement, Tartan Yachts and AMP Carbon Spars will continue operations in Painesville, Ohio. At the same time, Catalina Yachts, True North, and Freedom Yachts will be produced at Catalina’s Largo, Fla., facility. Daedalus Yachts’ carbon-fiber super catamarans will continue to be built in Edenton, N.C. All brands will keep their leadership teams, skilled workforces, and dealer networks, while back-office functions, including purchasing and legal, will be centralized.
