Fraser Yachts has acquired a majority interest in the Greek yacht management company Atalanta Golden Yachts (AGY) based in Athens, Greece.
The integration of the AGY team, headed by AGY founding member Popy Kaia, within the Fraser Yachts Greece team lead by Vassilis Fotilas, and Fraser’s parent company, MarineMax, Inc. (NYSE: HZO), was announced on Monday 25th September.
Founded in 2006, AGY manages 51 yachts in Greece from 21 to 95m+ (70 to 300 ft+), including such renowned yachts as O’PARI (95m/312ft), O’PTASIA (85m/278ft), O’EVA (60m/196ft) and the newly launched O’REA (77m/255ft).
Fraser has served for 75 years in the luxury yachting sector and today manages a client portfolio of yachts worth over 5.8 billion US dollars for owners and a fleet of over 90 charter yachts ranging from 24 to 90+m (79 to 295+ft), including such yachts as the highly sought after M/Y CARINTHIA VII (97m/318ft), M/Y WHEELS (76m/247ft) and M/Y FORCE BLUE (71m/231ft).
John Dragnis, the principal shareholder of Atalanta Golden Yachts, retains a significant interest in the newly combined operation and “will play an important part in the continued growth of the Group’s success in Greece”, according to a joint statement.
“MarineMax and Fraser’s exceptional expertise and global leadership in the superyacht brokerage and luxury yacht services markets presents a compelling partnership opportunity for us,” says John Dragnis. “We are excited to work with the MarineMax family and contribute to the significant growth opportunities created by this powerful combination.”
Following an initial period of transition, the newly combined companies will operate under the brand Fraser Yachts Greece, as part of the overall Fraser Yachts Group.
“Adding to our combined existing success, we are focused on being able to offer the yachts we already represent even greater exposure on the world stage via the Fraser brand and global network,” says Vassilis Fotilas, Managing Director for Fraser Greece. “In addition, we can now offer our clients greater insight and a wider range of services in Greece including sales and purchase, charter retail and yacht management.”
With over 2,700 days booked in 2023 alone, Greece is the world’s number one destination for charter clients with Fraser and AGY.
Photo of Fraser Yachts Greece team provided