Huge Factory-Direct Move by Ferretti Group


Ferretti SpA, parent company of Italy's Ferretti Group, has signed a contract to acquire the assets,
brands and ongoing operations of U.S. yacht distribution and service provider Allied
Richard Bertram Marine Group (ARBMG). Headquartered in Ft. Lauderdale, Florida,
Allied Richard Bertram is a dealer for Azimut, Bertram, Maritimo, and Tiara Yachts.
The company has nine sales and service locations scattered around the coast of Florida,
and one in Puerto Rico, and also has large brokerage, insurance and charter operations.
Ferretti is Azimut’s largest motoryacht competitor, which makes this acquisition
particularly interesting.






Azimut 62
Sovran 35 
Maritimo
The sale could have an
important impact on U.S. sales of Azimut, Tiara and Maritimo.


See interview
of Allied Richard Bertram President, George Jousma, before the Ferretti buy out…

 

The acquisition, which is due to be completed in the first week of September, will
provide Ferretti with a strong distribution platform to reach and service customers
in Florida and the U.S., said the Ferretti press release announcing the sale.



"We are extremely satisfied with this move, which is yet another step forward in
the growth of our group in a strategically important market, that of the USA," says
Ferretti CEO Vincenzo Cannatelli. ARBMG is one of the largest privately owned yacht
sales and service organizations in the U.S.



Founded by Norberto Ferretti in 1968, Ferretti SpA is responsible for nine luxury
motoryacht marques — Ferretti Yachts, Pershing, Itama, Bertram, Riva, Apreamare,
Mochi Craft, CRN and Custom Line.



Questions abound because Allied Richard Bertram is one of the largest dealers for
Azimut, Tiara, and Maritimo, all of which have models competing with Ferretti brands
and models. Loss of this nine-store dealership could seriously impact U.S. sales
for the three builders involved. At press time Ferretti had not announced how the
acquisition would affect the competing brands.



Allied Richard Bertram has represented Allied, Tiara and Bertram for over 10 years
and is closely associated with these brands. The company was founded in 1946 by
Dick Bertram as a brokerage operation and now has over 50 sales people. The average
brokerage sale is $600,000 and a couple of years ago the company sold an $80 million
vessel.