Lazzara Yachts under new ownership

Alasdair Whyte
By Alasdair Whyte January 9, 2015 14:05

Lazzara Yachts under new ownership

Lazzara Yachts has been purchased by the Avanti Ocean Group.

Company president, Joe Lazzara has announced that the new company will do business as Lazzara Custom Yachts and Tampa Marine Services.

“This was a decision that I thought was necessary going forward in order to compete with all the foreign money we’re seeing being poured into competing brands,” said Lazzara

“In order to compete at this level, especially now versus 10 years ago, the capital investment [component] is huge,” he said. “We have received many offers from overseas money, just put it at that. We’ve been approached by groups … but we made a decision that we wanted to remain majority family-owned and in control. Although we don’t have that type of financial backing, one of the benefits is … being able to react to market trends that are happening as fast as they ever have been, and being able to come out with product that reacts to that. We don’t have to go through all these layers of management to get approval.”

Alasdair Whyte
By Alasdair Whyte January 9, 2015 14:05
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment
View comments

Write a comment

<

Superyacht Insight

Sign up for Superyacht Investor Email Insight

* indicates required