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Yacht manufacturer Catalina Yachts and sister company True North Yachts have been acquired by Michael Reardon, founder and CEO of Daedalus Yachts, marking a significant turning point for two well-respected US brands.

Yacht manufacturer Catalina Yachts and sister company True North Yachts have been acquired by Michael Reardon, founder and CEO of Daedalus Yachts, marking a significant turning point for two well-respected US brands.