b'MEMBER NEWSMEMBER NEWS Marine Group Boat Works AnnouncesNew Ownership M arineGroupBoatWorks (MGBW)hasbeenpur-chased by co-founder and presidentToddRoberts,whohas joined forces with entrepreneurs Chip Besse, a MGBW customer with invest-ments in multiple industries, and Skye Callantine,principalofinvestment firmVigeoInvestments.Bessewill serve as chairman of the board while Roberts will continue to actively lead the company in his new role as CEO.The acquisition included the purchase of MGBWs two waterfront facilities andtheirassetsashipyardonSan Diego Bay in Chula Vista, Calif., and a boatyard in San Jose del Cabo, Mex- services worldwide. MGBW will con- Thecompanystartedoffasasmall ico.ThedealalsoincludedMarinetinuetooperateandmanageFifthChulaVistaboatyardoperationand Group Global Services, the technicalAvenue Landing, a superyacht marinawas successfully relaunched 25 years services arm of MGBW that providesindowntownSanDiego,undertheago as MGBW, a new superyacht facil-specializedconsultingandmarineGlobal Services division. ity founded by Roberts and members of the Engel family. All 250 team members across both fa-cilities will continue with the compa-ny, and more are expected to be added tosupportMGBWsgrowthplans. Themanagementteamwillalsore-maininplace,ensuringcontinuity and a seamless transition.Someoftheimmediatechangesin-clude a brand refresh, greater engage-mentwiththesuperyachtindustry, expansion of its Navy repair capabil-PHOTO: MARINE GROUP BOAT WORKSities,andgrowthofMGBWscon-structiondivisioninsupportofthe revival of California boatbuilding and U.S. manufacturing.FOGHORN 50'