Atlantic Cruising Yachts said it will acquire Florida Yacht Group on February 1, 2018. Financial terms were not disclosed.

Atlantic Cruising Yachts is headquartered in Annapolis, Maryland. It is the largest Fountaine Pajot dealer in the world and one of the top Jeanneau dealers in North America. The company said the acquisition would benefit yacht owners in terms of improved availability and delivery times since Atlantic Cruising Yachts has a strong relationship with the manufacturers it represents.

“We believe that within two years, Jeanneau will become the top-selling brand in the newly combined territories. We are excited about the future of Atlantic Cruising Yachts and Jeanneau,” said Christian Bent, president of Atlantic Cruising Yachts, in a statement.

Catherine Guiader, sales manager at Jeanneau America, agreed that the new arrangement would help the Jeanneau brand. “We fully support this acquisition and feel it is happening at the right time with the right dealer,” she said in the statement.