Greek charter agency acquired by Fraser Yachts
Yacht broker Fraser Yachts has acquired a controlling interest in Atalanta Golden Yachts, a Greek-based charter management agency.
Fraser Yachts, based in Florida, United States, deals in yacht charter and brokerage, as well as yacht management and new builds, and was acquired by MarineMax, the recreational boat and yacht retailer and superyacht services company, in 2019.
Brett McGill, CEO and President of MarineMax, sees this latest acquisition as an opportunity to strengthen the company’s position in the global superyacht services sector. He said:
“The addition of Atalanta Golden Yachts complements our leading superyacht brokerage and luxury yacht offerings and is a testament to our continued expansion into higher margin businesses with global reach.
“Atalanta’s long-standing relationships and network of clients, combined with Fraser Yachts’ full-service yachting offerings, strengthens our commitment to providing unparalleled luxury yachting experiences to a growing number of customers worldwide.
“We are thrilled that the Atalanta Golden Yachts team will be joining our Fraser team in Greece and look forward to further solidifying our position in this attractive and growing market.”
Charter agency Atalanta Golden Yachts, based in Athens, Greece, was founded in 2006 and manages luxury charters in Greece, plus other destinations including France, Italy, Croatia, Turkey, the Red Sea, and the Caribbean.
Today the company manages a client portfolio of yachts worth over $5.8 billion for owners, as well as a fleet of over 90 charter yachts ranging from 24m to 90+m.
John Dragnis, principal shareholder of Atalanta Golden Yachts, maintains a significant stake and will remain involved in the growth and development of Fraser’s operations in Greece.
“MarineMax and Fraser’s exceptional expertise and global leadership in the superyacht brokerage and luxury yacht services markets presents a compelling partnership opportunity for us.
“We are excited to work with the MarineMax family and contribute to the significant growth opportunities created by this powerful combination.”
Vassilis Fotilas, Managing Director of Fraser Greece, added:
“Fraser and Atalanta share the same ethos in conducting professional, informed, respectful and ultimately successful client and industry business. Continuity is key, and for this reason, the Atalanta charter, marketing and back-office team will all be combining forces with our existing Fraser Yachts Greece team.”
Following an initial period of transition, the newly combined companies will operate under the brand Fraser Yachts Greece as part of the overall Fraser Yachts Group.