| | | | | | | | The Catamaran Company in 2024 | |
As The Catamaran Company heads into its 37th year in business in 2025, we wanted to bring you up to speed with three major acquisitions that took place in 2024.
| | | | | | Annapolis Yacht Sales January 1, 2024 | | | |
Catamaran Sales Inc., the yacht sales division of our group, has successfully acquired a majority shareholding in Annapolis Yacht Sales (AYS) based in Annapolis, MD. The operations of AYS have now been merged with our local division, the Annapolis Catamaran Center (ACC). Rob Taishoff will continue in his role as President of AYS, with the sales office now relocated from Bert Jabins Boatyard to The Catamaran Company’s exclusive marina at Pier 7.
This acquisition follows the 2023 sale of Annapolis Yacht Services to Multitech Marine, their joint purchase of MTech, and the relocation of operations to Pier 7. With these changes, the marina now offers a comprehensive package, including a professional yacht sales company, a full-service maintenance center, and the largest catamaran haul-out facility in the Annapolis area.
In 2025, AYS and ACC will unveil their new "Catamaran Alley" for brokerage catamarans, with 12 boats already signed up for the season. Pier 7 hosted over 45 catamarans during the 2024 summer season, establishing it as the premier destination for catamaran owners. | | | | | | | | | | Festiva Sailing Vacations August 1, 2024 | | | |
Catamaran Charters Ltd., the BVI-based yacht charter division of The Catamaran Company, has completed the acquisition of Festiva Sailing Vacations in the British Virgin Islands. Festiva operates a fleet of crewed Lagoon 450 catamarans and is the leading provider of exclusive cabin charters in the region. Since its inception in 2005, Festiva has operated continuously in the BVI for the past 20 years and is now on its third fleet of boats.
Catamaran Charters has managed Festiva's operations for the last 15 years on behalf of the previous owners, Zealandia Holdings. While Festiva will continue to run its popular cabin charter program, plans are underway to expand the fleet, offering guests even more options for their sailing experiences. | | | | | | | | | | | | Flagship Property Management
June 1, 2024 | | | |
Flagship Property Management Company was established in Annapolis, MD, to manage the growing portfolio of properties owned by Gibson’s, the property division of The Catamaran Company. On July 1, 2024, Gibson’s acquired its fifth multi-family property in Annapolis, located at 34 Maryland Avenue in the downtown historic district. This acquisition complements the two adjacent properties at 36 and 38 Maryland Avenue, purchased in November 2023, as well as the retail store and luxury apartment across the street at 53 Maryland Avenue.
Since its establishment in 2021, Flagship Property Management has experienced significant growth. This latest acquisition brings the group’s total portfolio to 19 properties, including three marinas and Gibson’s Inn. The expansion has necessitated the creation of a dedicated management and operations team to oversee this thriving division. | | | | | | | | Charting the Course for a Bright Future These exciting developments mark a pivotal year for The Catamaran Company as we continue to expand and innovate across our yacht sales, charter, and property management divisions. From bolstering our presence in Annapolis with strategic acquisitions to enhancing sailing experiences in the British Virgin Islands, 2024 has been a year of significant progress. As we celebrate 37 years of success in 2025, we remain committed to delivering unparalleled service and value to our clients, partners, and stakeholders. With these milestones, we look forward to navigating a bright future together. | | | | | | | | | | | |
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