SI Yachts, one of the largest and most successful boat dealers and yacht brokerage firms in the Northeast, has been acquired by Germain Motor Company. Originally called Staten Island Yacht Sales before expanding into other markets, SI Yachts was founded in 1964 by Frank Bongiorno. Frank, who established the company as the longest operating Viking Yachts dealer in the world, as well as revitalized Staten Island Marina, will retire after more than 60 years in the marine industry.
SI Yachts is a new boat dealer for premium brands such as Viking, Princess, Absolute, Prestige, Pardo Yachts, and Valhalla Boatworks. The company has expanded over the years with offices in Jupiter, Florida, Newport, Rhode Island, Old Saybrook, Connecticut, and five locations throughout New York.
(Above: Pat Healey of Viking Yachts, Zach Germain, Jessica Germain, Austin Germain.)
Germain Motor Company was founded in 1947 by Warren Germain, a personal accountant for Henry Ford, and owns dealerships in Florida, Ohio, Michigan, Arizona, and Montana. Germain is a fourth generation family business and represents luxury brands such as Porsche, Jaguar, Land Rover, BMW, Mercedes, and Lexus. Germain Motor Company acquiring SI Yachts comes just 2 years after Zach Germain, CEO & Partner of Germain Motor Company, established Germain Yachts and was awarded the Pardo Yachts territory on the west coast of Florida. Germain Yachts quickly grew sales volume and acquired an incredible shipyard, previously known as Mollys Marine, in downtown Naples Florida"
“We couldn’t imagine a more perfect opportunity and partnership to carry on the legacy Frank Bongiorno first started in 1964,” said Jay Hendrix, VP of SI Yachts. “The resources, technology, and team that Germain has is a complement to what we are building at SI Yachts. The future looks incredibly bright and we can’t wait to expand our footprint in sales, service, and after-sale customer care with the help of Germain.”
(Above: Steve Germain, Chairman of Germain Motor Company & Frank Bongiorno.)
“We are excited to have acquired the SI Yachts name, brands, marina, and current operations team,” said Zach Germain. “Short term plans include revitalizing the Freeport, NY location, growing the Montauk and Sag Harbor markets, and continuing to support the new yacht sales, brokerage, and after-sales service that has made SI Yachts a leader in the industry.”
The knowledgeable and respected team at SI YACHTS will remain intact, including the executive managers, Jay Hendrix and Michael Landolphi. An all-new SIYachts.com is coming soon.
(Above: Frank Bongiorno & Zach Germain.)