New owners take helm of yacht builder

STUART, Fla. – After over a decade at the helm of the company founded by his father, James S. Krogen, and mentor, Art Kadey – Kurt Krogen has transferred his ownership interest in Kadey-Krogen Yachts, Inc, the company reported this morning.

Kadey-Krogen Yachts, Inc, is now owned and managed by partners Tom Button, John Gear and Larry Polster. All three are life-long boaters, were Krogen yacht owners at some point in their lives, and each brings an area of expertise to the management team, the company said.

Button oversees construction and commissioning, Polster is responsible for marketing and sales, and Gear is in charge of brokerage operations.

“We began putting together a succession team several years ago, and have now assembled a team I can confidently trust to carry the company forward,” Kurt Krogen said.

Krogen, along with his brother, Jimmy, who remains the company's resident naval architect, has been a mainstay of conceptual design for today's Kadey-Krogen yachts. Jimmy will continue to guide the design and development of future projects based upon the Pure Full Displacement hull form designs initiated by his father.

“Kurt has poured heart and soul into Kadey-Krogen Yachts for many, many years,” said Dennis and Julie Fox, owners of several Krogen designed yachts named Sea Fox, including their current Krogen 58'. “He has grown the company into one of the most respected names in the business, has partnered with capable successors who share the Kadey-Krogen vision, and now he more than deserves to enjoy the fruits of his labor.”

The company maintains headquarters in Stuart, Fla., and offices outside of Annapolis, Md., and Seattle, Wash. Kadey-Krogen Yachts currently builds full displacement trawler yachts.

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