Please select your home edition
Marine Resources 2022 Salary Survey

BWA Yachting acquires SOS Yachting and appoints new CEO

by BWA Yachting 1 Feb 02:55 PST
BWA Yachting acquires SOS Yachting © BWA Yachting

BWA Yachting have announced that they had completely acquired SOS Yachting, a multinational yacht charter fiscal agency that recently celebrated its tenth anniversary.

SOS Yachting was established in 2012 to provide fiscal representation services for EU and non-EU yacht-owning companies that charter within European Union territory. They achieved this goal by relying upon over 40 years of yachting industry experience, which allowed them to offer in-house commercial yachting intelligence whilst developing strong working relationships with sector regulators. SOS Yachting was able to cultivate a reputation for quality across the industry - with their fiscal services providing value for businesses throughout Europe and beyond.

To help manage over 600 regular worldwide customers, SOS Yachting established offices in France, Spain, Italy, and Croatia. In 2023, they hope to open a fifth in Monaco - which will allow them to increase their presence in the Mediterranean region and solidify their growing reputation as an industry leader. SOS Yachting emphasises the importance of local support and works to streamline the fiscal components of yachting for each and every client. They combine this with real-time operational guidance and services, making sure their clients are always tax-compliant and can consistently meet local standards while trading their goods or services abroad.

The next Chief Executive Officer of SOS Yachting will be Frédéric Dormeuil - who boasts a wealth of experience in the luxury goods industry. Dormeuil saw the incredible potential of the yachting sector and began cultivating his own reputation to quickly establish himself as a burgeoning expert. With Dormeuil's in-depth knowledge of the yachting industry from important past roles and an innovative approach, SOS Yachting will be able to reach new heights with ease and continue its goal of revolutionising yacht-based fiscal representation.

''I am very pleased that we have acquired such a successful company. SOS Yachting fits very well with our strategic objective in making life easier onboard superyachts. They simplify the fiscal representation process for their clients, they do so across different territories and that is exactly what we should all be working towards'' said Paschalis Patsiokas, Chief Executive Officer of BWA Yachting.

The aim is for SOS Yachting to retain its autonomy, allowing it to function in tandem with BWA Yachting whilst continuing to further develop its own services. This perspective will help SOS Yachting build upon its own past, and recognise new opportunities for growth and evolution throughout the entire industry. With a new CEO at the helm, the company will be able to take stock of its current progress in the sector - and determine a strong, coherent plan for the years ahead. This will allow SOS Yachting to retain its position at the peak of the yachting industry.

Frédéric Dormeuil added: "To be involved in the flourishing sector of yachting is incredibly motivating and what an industry it is; remarkable feats of engineering taking you to the most surreal destinations and like SOS Yachting, includes many distinctive service providers helping make the overall experience the dream-like allure that it is. From its inception, SOS Yachting has understood how to ease the burden of what can be a daunting process and I look forward to evolving the brand's success and elevating its position in current markets and new ones."

Related Articles

850 Life Jackets to the Sea Tow Foundation
Donated by the Brunswick Corporation After receiving an overwhelming number of applications for their nationwide Life Jacket Loaner Program, the Sea Tow Foundation called on the boating industry to donate life jackets to help fulfill all of the requests and save boaters' lives Posted on 28 Mar
Govt to award Boating Infrastructure Grants
Under the BIG program, more than $2.8 million will fund projects in 19 states The U.S. Fish and Wildlife Service announced the Boating Infrastructure Grant program will provide more than $20 million in grant funding for 19 states to construct, renovate and maintain marinas and other boating facilities for outdoor recreation. Posted on 28 Mar
2023 USVI Charter Yacht Show set for Nov 11-14
To be held at IGY's Yacht Haven Grande A move to more intimate broker and crew meetings onboard the yachts and in the marina. A first-time watersports and water toys exhibit. A focus on the rich history and culture of the U.S. Virgin Islands. Posted on 25 Mar
Blue Innovations Group opens R30 reservations
Former Tesla Exec launches all-electric boat Blue Innovations Group (BIG), the technology company focused on transitioning the world from land to water with sustainable solutions has begun accepting reservations for their R30 all-electric boat. Posted on 25 Mar
BRP reports its Q4 and full-year 2023 results
Retail sales up for Powersports products by 21% compared to the same period last year Revenues of $3,076.3 million, an increase of $728.8 million or 31% compared to the same period last year, a record performance for a single quarter in the Company's history Posted on 24 Mar
YATCO appoints Frank Dargavage as COO
He will lead a team of 50 dedicated professionals specializing in yachting, marketing, and sales YATCO, the Trusted Global Marketplace of YachtingTM, has appointed Frank Dargavage as Chief Operating Officer (COO). Posted on 24 Mar
Two Brunswick leaders named to 40 under 40 list
Recognizing two emerging leaders within Brunswick Corporation Boating Industry Magazine today announced its 2023 40 Under 40 list recognizing two emerging leaders within Brunswick Corporation (NYSE: BC) among the industry's top young professionals. Posted on 24 Mar
NAMS holds successful 60th National Conference
Renowned organization of certified, qualified marine surveyors The National Association of Marine Surveyors (NAMS), renowned organization of certified, qualified marine surveyors across the country, announced today the success of its 60th Anniversary National Conference. Posted on 24 Mar
Godfrey & Hurricane boats are making waves
With the launch of two new apparel and accessories lineups Godfrey Marine, manufacturer of premium Godfrey pontoon boats and Hurricane deck boats, announced the launch of two new apparel and accessories lineups for boating enthusiasts. Posted on 23 Mar
Marine Resources latest jobs
Your future's waiting inside! Progress your career by applying to one of these openings from the marine industry, and get your foot in the door with some of the country's leading companies. Posted on 23 Mar
Selden 2020 - FOOTERNorth Sails 2021 Innovation - FOOTERUpffront 2020 Foredeck Club SW FOOTER