Trader Acquires boats.com and yachtworld.com
Leading marine sites now under Trader umbrella.September 29th 2004
VIRGINIA BEACH, Va. — Trader Publishing Company has acquired the market- leading websites boats.com and YachtWorld.com. This acquisition brings under Trader’s umbrella the global marine industries’ largest group of independently operated databases of boats for sale. Terms of the acquisition were not announced.
“We are very excited about the new opportunity that Trader brings boats.com and YachtWorld.com,” said James Nolan, spokesperson for boats.com, Inc. “Their recognition and acquisition of our market leadership position will enable both companies to continue our charter to provide new ways for the professional marine industry to sell more products while providing the personal service that our clients have come to expect from us.”
Nick Petsos, general manager of TraderOnline.com, said “Acquiring these successful on-line products and service businesses gives us a tremendous opportunity to increase the value we provide to the professional marine community. The unique character of YachtWorld.com allows us to invest in expanding and enhancing the services provided to the brokerage community, while the leadership position of boats.com and its relationships with its boat builder and dealer customer base will enable us to deliver more services to the new boat industry.”
Petsos added that “In keeping with Trader business practices, there will be no disruption in operations or changes in service to boats.com and YachtWorld.com; the properties will continue to operate with autonomy and serve the needs of their customers who rely on them.”