TAMPA, Florida, Jan. 24, 2011 – Lazzara Yacht Corporation, a legendary family name in yachting, announced it has received a capital investment from The Crest Group LLC. Terms of the transaction were not disclosed.
Lazzara Yachts, a privately held company, is the worldwide leader in semi-custom pleasure yachts from 50’-130’. Built in Tampa, FL, Lazzara has continued to be on the leading edge of design and innovation in the yachting world.
Enrico Scarda, Managing Partner of The Crest Group LLC. said, “We couldn’t be happier to be able to join the Lazzara team. It is very obvious that the Lazzara family is dedicated to the continued innovation and development of exceptional yachts and we are glad to be able to be a part of it. We expect the newly structured company to continue the success that Lazzara Yachts has enjoyed in the past.”
Brad Lazzara, Lazzara Yachts President agrees, “This partnership with The Crest Group gives our company the capital it needs to become the worldwide leader in yachts. The freedom it gives us to focus on the design, innovation and distribution of our yachts assures us a bright future for the coming decades”
In addition to the newest Lazzara model launched this past fall, the 76’ Breeze, Lazzara plans to launch five new models from 52’-120’ over the next twenty four months. This will help meet worldwide demand as Lazzara enters over twenty five new markets including New York, USA; Athens, Greece; Istanbul, Turkey; Aberdeen, Hong Kong; Shanghi, China; Mumbai, India; Sao Paulo, Brazil; Moscow, Russia; Taipei, Taiwan; Tokyo, Japan; and others.
Lazzara Yachts Chairman Dick Lazzara says “For the last twenty years we’ve had a family owned, primarily US focused, business model. It’s time to broaden our horizons and bring the superior Lazzara quality, style and innovation to the entire world. I couldn’t be more optimistic about the direction we’re headed and what the future holds for us at Lazzara” said Dick Lazzara.