Groupe Beneteau completed the acquisition of a minority stake in Your Boat Club.

Groupe Beneteau, a boat builder, completed the acquisition of a minority stake in Your Boat Club, a privately-owned boat club. Financial terms were not disclosed. “We’ve watched Your Boat Club create a smart forward-thinking business model and then implement and grow it very effectively. Not only does the concept play very well with our strategic direction, but we also recognized great synergy with the YBC culture and leadership. We’re thrilled to be working in tandem to get more people engaged in hassle-free boating,” Jerome de Metz, Groupe Beneteau CEO and President.