MIAMI, Fla. - Merrill-Stevens has completed the acquisition of international yacht brokerage firm Koch, Newton & Partners, it reported in a statement yesterday.
With this acquisition, Merrill-Stevens further extends complete yacht brokerage and charter services to its clients worldwide.
KN&P, founded in 1990 by Jurgen Koch and Rob Newton, specializes on the sale and charter of luxury yachts 80 to 200 feet and up. The company's offices in Fort Lauderdale, Fla., Palma de Mallorca, Spain and Singapore will now bear the Merrill-Stevens name.
“The acquisition of KN&P is key to Merrill-Steven's international outreach strategy,” said Fred Kirtland, CEO of Merrill-Stevens. “The large yacht sales industry anticipates continued solid growth in the coming years and we will be well-positioned to take full advantage of that growth.”
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