DiMillo's Yacht Sales Acqu

DiMillo's Yacht Sales has acquired Hunt Yachts for an undisclosed amount.

The transaction sees DiMillo's take ownership of the renowned manufacturer of semi-custom luxury yachts, known for its distinctive Deep-V hull design.

This acquisition marks a significant expansion for DiMillo's within the marine industry, integrating manufacturing capabilities and a storied brand into its operations.

Hunt Yachts, based in Portsmouth, specializes in crafting luxury yachts ranging from 25 to 80 feet. The company is celebrated for its legendary Hunt Deep-V hull, originally designed by C.

Raymond Hunt, which has evolved over five decades. This hull design is recognized for delivering a soft, dry ride in rough seas, precise tracking, dynamic stability, and efficient fuel consumption.

Beyond manufacturing, Hunt Yachts also operates Hunt Yachts Brokerage and Hunt Marine Services, offering a comprehensive suite of services including refits, repairs, dockage, and fuel from its accessible Narragansett Bay location.

The acquisition is strategically significant for DiMillo's Yacht Sales, allowing it to expand beyond its core sales activities into yacht manufacturing and a broader range of marine services.

By acquiring Hunt Yachts, DiMillo's gains direct access to Hunt's established production capabilities and its highly regarded naval architecture expertise.

This move is expected to create synergies by vertically integrating sales, manufacturing, and after-sales support, enhancing the overall customer experience and operational efficiency.

The combination of DiMillo's sales network with Hunt Yachts' manufacturing prowess and service offerings is poised to create a more comprehensive marine enterprise.

The unified entity is expected to leverage Hunt's legacy of innovative design and craftsmanship, alongside its brokerage and service divisions, to offer an expanded portfolio to yachting enthusiasts.

This integration aims to solidify the combined company's position in the luxury yacht market, providing a full spectrum of services from new yacht construction to ongoing maintenance and brokerage.