Florida-based Technomarine Yachts has acquired yacht brokerage firm Palm Beach Power Boats. The move follows the group’s expansion plan. The company is part of marina construction specialist Technomarine Group.

“This is our second acquisition in the last nine months, and just one of several organizational expansions we are hoping to achieve as we continue the phenomenal growth we’re experiencing in both our sales team and our overall operations management,” says Technomarine president Dennis Close.

Close continues: “We see great things in the coming months ahead, especially in the new yacht construction segment, and we’re staying well ahead of that curve with forward thinking management, as well as our strong dedication to customer service and client relationships.”

Robert Oelbermann, founder and owner of Palm Beach Power Boats, say the acquisition will allow the company to widen its opportunities to pursue additional revenue streams.

“We will also have the ability to represent both brokerage vessels and new yachts, allying with Technomarine’s global footprint and 35-year brand history. It’s a strong move for us both,” says Oelbermann.

Palm Beach Power Boats has 15 years of experience in the South Florida brokerage yacht market.

Technomarine Yachts includes both new and brokerage yacht sales as well as charter and management services.