"S&S's history has been characterized by early adoption of new technology, materials, and engineering techniques for almost a century," added Reuter, who has been named CEO. "We are enthusiastic about continuing to build on that foundation." Reuter is a successful entrepreneur and private equity investor, and has been involved with yachts for nearly twenty years.
Jason Black, the Company's COO, based in Greenwich, Connecticut, initiated the transaction and negotiated on behalf of the Company. Black will remain responsible for S&S's brokerage team, business development and operations. "We intend to maintain the Company's full design and brokerage staff, as well as add new positions over the coming the months – we're hiring! A new office in Ft. Lauderdale is also being discussed," said Black.
S&S's chief designer, Brendan Abbott, will continue to lead the design studio in Newport, Rhode Island. "We delight in our sailing legacy and will always be active in that category but we are putting increasing effort into building our portfolio in the power yacht arena," said Abbott. "There are some fantastic projects already on the boards and the future looks bright."
For more information about Sparkman & Stephens, visit sparkmanstephens.com.
About Sparkman & Stephens:
Since 1929, S&S has produced world-class naval architecture and engineering, working with the finest shipyards globally to build yachts with cutting edge technology, materials, and performance. The Company's brokerage arm is active worldwide, listing both sail and power yachts of all sizes. www.sparkmanstephens.com
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SOURCE Sparkman & Stephens