Darrell and Leslie Allen have become the new majority shareholders for Hake Marine LLC, which builds Island Packet and Seaward Yachts. The couple own Suncoast Yachts in San Diego, which has been an Island Packet dealer for more than 20 years, according to a story in The Log.

“There is a strong dealer network in place to assist our customers across the country,” Darrell Allen said. “We are committed to working with our dealers and clients in creating a semi-custom boat that meets each buyer’s unique wants and needs.”

The new owners have reduced prices on Island Packet sailboats to 2008 levels, according to the statement. They have also reduced prices on Seaward models. This is possibly due to a streamlined facility, good standing with vendors and a strong financial position, said The Log. A statement said the boats’ quality and warranty periods will not change.