Hodgdon Yachts’ existing shipyard in Maine is about to merge with another area facility. That facility is Boothbay Region Boatyard (pictured), which specializes in the maintenance and repair of yachts smaller than 80 feet. While the deal was just announced today, Hodgdon Yachts’ completion of the acquisition is expected to wrap up in springtime.
Timothy Hodgdon, president of Hodgdon Yachts, released a brief statement about the deal. “Combining Boothbay Region Boatyard’s outstanding facilities in Southport and Wotton’s Wharf in Boothbay Harbor with our facilities in East Boothbay, Richmond, and Damariscotta will create one of Maine’s largest, full-service marine companies,” he says.
Hodgdon Yachts plans to continue servicing the boat and yacht owners who have used Boothbay Region Boatyard’s facilities over the years. The megayacht builder also plans to expand both businesses. Even though Boothbay Region Boatyard doesn’t address the megayacht market, its skills are complementary. It has craftspeople experienced in fiberglass, cabinetry, painting, varnishing, canvas and upholstery, electrical systems, and mechanical systems. It also specializes in outboard motor repair. Boothbay Region Boatyard also has a marina on site, with 40 slips and 40 additional moorings. Hodgdon Yachts builds fully custom composite yachts and megayachts to 197 feet (60 meters) plus has a limo tender division. The family-run shipyard, now in the hands of the fifth generation of Hodgdons, further offers refits and interior outfitting for yachts. Military and other government vessels are among its offerings as well, via the Hodgdon Defense Composites division.
Hodgdon Yachts anticipates raising its employee total to 150 once the acquisition is formally complete. This includes adding 30 employees from Boothbay Region Boatyard.