Trawler manufacturer has acquired American Tugs

30th May 2023

Trawler manufacturer has acquired American Tugs

The Kadey-Krogen Group, the trawler manufacturer from Florida, has acquired Washington-based American Tugs.

American Tugs was founded in 1999 by marine industry veterans whose mission was to design top-of-the-line pleasure craft based on the rugged, reliable hulls used in the Alaska salmon fishery. It now has five models, ranging from 36 to 48 feet and including the AT362, 395 and 485, created in its 28,000-square-foot facility in LaConner, Washington.

Kurt Dilworth, co-founder and CEO of American Tugs, along with Jeff Calvert, the current sales manager, will remain on board to ensure a smooth transition.

The Kadey-Krogen Group, which manufactures Krogen trawlers, including the Krogen 44AE and the Krogen 50 Open, was founded in 1976, and it recently introduced the Summit Motoryachts series of performance cruising yachts.

The acquisition will not impact the production of either the American Tugs, Krogen, or Summit brands, and the Kadey-Krogen Group plans to continue to market each brand separately.

Tucker West, Kadey-Krogen Group’s President, said:

Fran Morey, Production Manager at the trawler manufacturer, commented:

Anchors Aweigh Capital, led by Skip Sorenson, provided advisory services to American Tugs during the acquisition process.

About Kadey-Krogen Group About American Tugs


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