US yacht builder Hodgdon Yachts, based in East Boothbay, Maine, has signed a letter of intent to merge with Boothbay Region Boatyard in Southport and Wotton's Wharf in Boothbay Harbor.
'Combining Boothbay Region Boatyard’s outstanding facilities in Southport and Wotton’s Wharf in Boothbay Harbor with our facilities in East Boothbay, Richmond and Damariscotta will create one of Maine’s largest, full service marine companies,' says Hodgdon Yachts President Timothy Hodgdon. 'We look we look forward to continuing to serve Boothbay Region Boatyard’s existing customers while aggressively pursuing opportunities to grow the combined business.'
Boothbay Region Boatyard, set on 10.5 acres with 640 feet of waterfront on Maddock Cove, will continue to service and refit yachts up to 24 metres, while Wotton's Wharf offers transient deep-water dockage for superyachts up to 61 metres LOA. Set on the west side of Boothbay Harbor, Wotton's Wharf is the base for Hodgdon's annual Shipyard Cup superyacht regatta.
When the merger is finalised this spring, Hodgdon Yachts will be operating facilities in all three of the Boothbay region's communities – Boothbay, Boothbay Harbor and Soutport – in addition to a location in Richmond and a new location in Damariscotta. The merger represents yet another step in the growth of America's oldest – and notably still family-owned boatbuilder – which will celebrate its 200-year anniversary in 2016.
The company's divisions currently include: Hodgdon Fine Interiors, building custom superyacht interiors for yachts up to 80 metres; Hodgdon Yachts, building custom sail and motor yachts up to 60 metres; Hodgdon Custom Tenders building high end superyacht tenders; and Hodgdon Defense Composites, building specialised defence craft.