(San Diego, Calif – Nov 10, 2021): Marine Group Boat Works (MBGW) has agreed to transfer the lease of their National City facility to Alabama-based business, Austal USA. The deal is scheduled to close mid-December 2021. This announcement comes after a period of unprecedented growth for MGBW in their yacht, commercial and specialty government craft divisions. The San Diego-based company will continue their focus on the growing superyacht industry and servicing commercial vessels, with emphasis on the high-speed ferry and tug and barge industries. In addition, MGBW will continue their specialty government craft services where, historically, they have enjoyed strong market share. Austal will utilize their newly assumed facility primarily for Government ship repair.
“MGBW continues to experience unbelievable growth year after year. We are excited for this opportunity to invest in our organization and increase the capacity of our Chula Vista facility to meet growing industry demands,” said MGBW President Todd Roberts. Marine Group has experienced a 141 percent growth in their superyacht services in the last 13 years. In addition, they have seen a 75 percent increase in commercial vessel revenue since 2018.
MGBW will continue to create excellent, high quality jobs with commercial contracts while its superyacht services will continue supporting the local economy as every dollar spent on yacht repairs generates seven dollars for the surrounding region. This has totaled $953,771,000 since Marine Group began servicing superyachts in 2007.
About Marine Group Boat Works
Marine Group Boat Works is a family-owned, full-service vessel construction and repair company with a facility on the San Diego Bay and another in Los Cabos. Its facility in Chula Vista, California is roughly one million square feet with over 2,000 feet of dockage and boasts a 665-ton travelift, rough terrain cranes, a machine shop, metal working equipment and a propeller shop. Its sister yard in San Jose del Cabo services vessels making their way along the pacific. In addition to being a small business MSRA and ABR Navy contract holder, commercial and government customers include the Port of San Diego, Golden Gate Bridge and Transportation District, San Francisco Water Emergency Transportation Authority, San Diego Maritime Museum, Flagship Cruises and more. For more information, visit www.marinegroupboatworks.com.
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