In a move that signals both continuity and transformation in American yacht manufacturing, Catalina Yachts and its sister company, True North Yachts, have been acquired by Michael Reardon, founder and CEO of Daedalus Yachts. The acquisition, announced April 30, marks a significant new chapter for two of the most respected names in U.S. boatbuilding.
With more than five decades of heritage and hundreds of thousands of boats on the water, Catalina Yachts has long been synonymous with quality, performance, and integrity. Now, with Reardon at the helm, the storied brand—and the Downeast-style True North powerboat line—are poised to evolve under a new but deeply aligned vision.
“For over 50 years, Catalina has stood for accessible, well-built boats that deliver real sailing pleasure,” said Patrick Turner, Catalina’s longtime president. “Michael Reardon shares those values, and we’re confident he’ll carry them forward while positioning the brand for the future.”
Reardon, who launched Daedalus Yachts with a focus on sustainable, performance-driven sailing craft, brings a modern sensibility rooted in innovation and environmental responsibility. His acquisition of Catalina and True North reflects a commitment not just to legacy, but to growth—through design, manufacturing, and investment in people.
“We’re not just preserving the legacy—we’re building upon it,” said Reardon. “Catalina and True North are iconic American brands. I’m honored to lead them into the next era of growth and innovation.”
Both companies will continue operations from their current base in Largo, Florida, and Reardon has pledged to retain the existing workforce and dealer network, while investing in new model development across both lines.
The transition also carries a strong emotional note. Jean Butler, wife of late Catalina founder Frank Butler, voiced her confidence in the new direction. “Frank believed in building boats that brought families together and gave people joy on the water,” she said. “I believe Michael Reardon understands that spirit. Frank would be proud to see Catalina and True North in the hands of someone who values the people, the product, and the passion that built this company.”
For current owners, dealers, and sailors across the country, the message is one of stability and optimism. There will be no immediate disruptions in support or service, and Reardon’s track record suggests a fresh round of energy and ideas could soon shape the future of both brands.
Founded in 1969, Catalina remains one of the largest sailboat manufacturers in the U.S., with a focus on building high-quality boats that strike a balance between cruising comfort and responsive sailing. True North Yachts, known for their classic Downeast aesthetics and offshore-capable hulls, has expanded Catalina’s reach into the powerboat market with a similarly hands-on approach to design and build quality.
Daedalus Yachts, meanwhile, has carved a niche in high-performance, eco-conscious sailing, and Reardon’s leadership there has been marked by bold design choices and a commitment to sustainability.
The coming months will likely reveal how these three brands—each with its own DNA—will integrate and influence one another. But one thing is certain: American boatbuilding has a fresh breeze on the beam.
