Bristol Marine has acquired Boothbay Harbor Shipyard in Maine. The yard will join two other Bristol Marine shipyards, one in Bristol, Rhode Island and the other in Somerset, Massachusetts. Terms were not disclosed.
“The acquisition of Boothbay Harbor Shipyard will further increase our capacity and diversify the level of service we can offer along the East Coast through Bristol Marine,” says Andy Tyska, president of Bristol Marine, in a statement.
Tyska said that Booth Bay Harbor Shipyard vice president Eric Graves will continue to oversee operations in the Maine yard. “Under Eric’s leadership, the shipyard has undertaken some of the greatest repair and restoration projects in New England,” said Tyska.
Boothbay Harbor Shipyard was founded in the late 1800s and has repaired craft as diverse as tall ships, superyachts, tugboats and Navy vessels, sailing yachts and workboats. Facility improvements will make the shipyard more accessible to boat owners and yachts visiting the region.
The yard has a 700-tonne railway for superyachts and commercial vessels and a 150-tonne railway for sailing yachts, workboats, schooners, and motor vessels. Ongoing projects include the restoration of the 156ft schooner Ernestina Morrissey, the official vessel of the Commonwealth of Massachusetts, and the 171ft, three-masted tall ship Friendship of Salem.
Tyska founded Bristol Marine in 1998. It currently has about 50 workers trained in different marine trades. The company has also acquired and improved commercial real estate in the Bristol area that now accommodates more than 30 marine-related businesses employing over 300 workers.