Lyman Morse Boatbuilding

What Lyman Morse Boatbuilding does

Lyman-Morse Boatbuilding is a family-owned Maine custom yacht builder founded in 1978 by Cabot Lyman, operating from two waterfront facilities — a boatbuilding and advanced-manufacturing headquarters at 84 Knox Street, Thomaston, and a full-service boatyard, marina, and yacht brokerage at 59 Sea Street, Camden. The company designs and constructs custom sailing and motor yachts, builds semi-custom powerboat series in partnership with C.W. Hood Yacht Design (Hood 35/42/57 LM) and C. Raymond Hunt & Associates (Monhegan 42), and produces specialty vessels including the all-electric Navier 30 hydrofoil and the Pininfarina-designed ARKHAUS Villa 50 floating residence. Supporting service lines include yacht refits and repairs, Camden marina dockage and crew quarters, yacht brokerage, and two adjacent verticals: Lyman-Morse Fabrication (commercial workboats, established 2003) and Lyman-Morse Technologies (CNC machining, architectural composites, and metal additive manufacturing, established 2014).

The company's technical foundation is built on advanced composite construction — SCRIMP infusion, cold-molded wood composite (Douglas Fir/Western Red Cedar), and cored carbon fiber fabrication — supported by a Haas GR-712 CNC machining center and an EOS 290 metal additive manufacturing system (one of only a few in New England). A $3 million, 15,000-square-foot ITAR-compliant Advanced Composites Center is scheduled for completion in summer 2026 with Maine Technology Institute support, explicitly positioning Lyman-Morse as a manufacturing partner across marine, industrial, defense, and specialty fabrication sectors. Notable projects include the 90-foot TUMBLEHOME (1997), the first all-carbon sailboat BARAKA (2006), the 62-foot carbon catamaran ELECTRA (2007), the MIT/Kendall Square 150-canopy architectural installation (2022, multiple design awards), and the LM46 "Hopgrasser" (2021 Boat of the Year).

Revenue is generated through project-based custom yacht contracts (multi-year, quote-based), service and refit fees at published rate cards, annual and transient marina dockage in Camden, brokerage commissions on yacht sales, one-time fabrication contracts for commercial workboats, and architectural/industrial composite contracts via Lyman-Morse Technologies. Customer reach combines direct field sales at the Thomaston and Camden facilities, presence at Fort Lauderdale and Miami International Boat Shows, the annual Camden Classics Cup regatta (grown from 38 to 68 yachts in four years), owners' reunions, and a website plus active social channels (Twitter, Facebook, Instagram, Pinterest, YouTube). The company is privately held under continuous family ownership — Drew Lyman (President/Owner), Cabot Lyman (Founder), Mackenzie Lyman (CMO), with no disclosed institutional investors, funding rounds, or audited financials.

Name

Lyman Morse Boatbuilding

Legal name

Lyman-Morse Boatbuilding, Inc.

Website

https://lymanmorse.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

101–250 employees

Short description

Lyman-Morse Boatbuilding, founded 1978 in Maine, is a family-owned custom luxury yacht builder that produces sailing and motor yachts, semi-custom Hood and Hunt powerboat series, marine refits, marina services, yacht brokerage, commercial workboats, and advanced composite manufacturing for luxury, defense, and architectural clients.

Ownership category

akta.pro rank

Product category

Custom Yacht Building

NAICS

Boat Building (336612), Ship Building and Repairing (336611), Ship and Boat Building (3366)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Luxury Yacht Manufacturing (IMAJAEAE)

akta.pro secondary industries

Luxury Sailing Yacht Manufacturing (IMAJAMAC), Semi-Custom & Series Production Yacht Manufacturing (IMAJAEAM), Luxury Yacht Hull & Superstructure Fabrication (Composite/Aluminum/Steel) (IMAJAMAG), Luxury Yacht Systems Integration & Commissioning (Shipyard) (IMAJAMAI)

Keywords

• Custom yacht building
• Boat refit services
• Marina dockage services
• Yacht brokerage
• Composite boat manufacturing

Headquarters

HQ city

Thomaston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Infrastructure, Supply Chain, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Custom Boat Building: Design and construction of custom luxury yachts including sailing yachts, motor vessels, and semi-custom powerboats. Revenue generated from full custom builds for discerning yacht owners.
2. Service and Refits: Boatyard services including repairs, refits, winter storage, and maintenance for luxury yachts. Professional marine service with certified partners.
3. Yacht Brokerage: Brokerage division selling power and sailing yachts, earning commissions on yacht sales transactions.
4. Marina and Dockage: Full-service marina in Camden with dockage, moorings, crew quarters, and dining facilities.
5. Workboats Division: Commercial and industrial workboat fabrication under Lyman-Morse Fabrication brand.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Lyman-Morse designs and constructs custom and semi-custom luxury yachts (sailing and motor) using advanced composite technologies such as SCRIMP infusion, cold-molded wood composite, and carbon fiber. The company also operates full-service boatyard offerings including refits, repairs, winter storage, marina dockage, and yacht brokerage, and runs specialty fabrication divisions for workboats, advanced composites, and additive manufacturing serving marine, defense, and industrial clients.

Product overview

Lyman-Morse Boatbuilding is a Maine-based custom and semi-custom boatbuilder operating since 1978 with facilities in Thomaston and Camden. The company offers a comprehensive maritime portfolio centered around custom yacht construction (including sailing yachts and motor yachts), semi-custom production series (Hood Series, Monhegan 42), electric hydrofoil vessels (Navier 30), and specialty projects (ARKHAUS Villa 50, Firefly solar-electric catamaran). Supporting services include marina operations, yacht brokerage, and two specialized technology divisions: Lyman-Morse Fabrication (workboats) and Lyman-Morse Technologies (CNC machining, architectural composites, additive manufacturing). The 2026 Advanced Composites Center expansion adds ITAR-compliant composite fabrication and metal additive manufacturing capabilities across marine, industrial, defense, and specialty fabrication sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Custom Boatbuilding Full-service custom yacht construction including sailing yachts and motor yachts built to client specifications, utilizing advanced composite technologies and traditional Maine craftsmanship. For discerning yacht owners seeking bespoke vessels.
• Hood Series Yachts Semi-custom yacht series designed by C.W. Hood Yachts including Hood 35 LM, Hood 42 LM, Hood 46, and Hood 57 LM models featuring cold-molded composite construction (Douglas Fir/Western Red Cedar) with various configurations from express cruiser to flybridge layouts. Targeted at luxury yacht buyers seeking proven semi-custom designs.
• Monhegan 42 Powerboats Semi-custom powerboat series developed with C. Raymond Hunt & Associates featuring Hunt's deep-V hull design with SCRIMP infusion construction. Offered in sedan, flybridge, extended cruiser, and open configurations for yacht owners seeking performance powerboats.
• Navier 30 Hydrofoil Vessel All-electric hydrofoil performance craft built in partnership with Navier featuring carbon fiber construction, advanced autopilot, and 75 nautical mile range. Built for Navier's commercial zero-emission water taxi application.
• Service and Refits Comprehensive boatyard services including refits, repairs, haul-out, winter storage, marine systems installation, and certified partner maintenance programs. For yacht owners requiring professional marine service for their vessels.
• Marina Services Full-service marina operations in Camden, Maine offering dockage, moorings, crew quarters (The Quarters at Lyman-Morse), and on-site dining facilities. For yacht owners and transient boaters.
• Yacht Brokerage Brokerage services for power yachts and sailing yachts with a portfolio of listings across various manufacturers and price points, staffed by brokers Eric Roos, Scott Layton, and Joseph Yacoe across offices in Camden, Northeast Harbor, and Maine.
• Lyman-Morse Fabrication (Workboats) Commercial and industrial workboat fabrication division under Lyman-Morse Fabrication brand, specializing in purpose-built workboats for various maritime applications. For commercial operators, marine businesses, and government entities.
• Lyman-Morse Technologies (Advanced Composites Center) Advanced technologies division offering CNC machining, architectural composites, custom composite manufacturing, and metal additive manufacturing (EOS 290) across marine, industrial, defense, and specialty fabrication sectors. For defense contractors and industrial manufacturers requiring advanced composite fabrication and ITAR-compliant manufacturing.
• ARKHAUS Villa 50 50-foot floating yacht and residence designed by Pininfarina featuring deployable spud stabilization technology. Built by Lyman-Morse in multiple configurations from private residences to commercial hospitality venues for marine hospitality clients.
• Firefly Solar-Electric Catamaran 49-foot solar-electric passenger catamaran powered by lithium-iron-phosphate batteries and 24 double-sided solar panels with 70-mile range at 8 mph, designed for zero-emission sustainable transportation and environmental education programs on the Delaware River.

Quantifiable outcome

• First all-electric hydrofoil commercial vessel with Navier 30, achieving 90% efficiency improvement over traditional powerboats
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core, major and minor.

• NaviercoreStrategic or Co-development Partner · 1 October 2022Silicon Valley startup partnered with Lyman-Morse to build pre-production and first-year limited production vessels for the Navier 30 all-electric hydrofoil boat. Lyman-Morse builds carbon fiber, foiling, all-electric boats leveraging their expertise in high-tech carbon composite construction.
• C. Raymond Hunt & AssociatescoreStrategic or Co-development PartnerPartnership building Monhegan 42 semi-custom powerboats based on Hunt's legendary deep-V hull design. 16 very successful boats launched with Peter Boyce of C. Raymond Hunt Associates. Result is a proven performer combining traditional styling with modern technology.
• C.W. Hood Yacht DesigncoreStrategic or Co-development PartnerPartnership building Hood series yachts including Hood 35 LM, Hood 42 LM, Hood 46, and Hood 57 LM. Hood 57 LM won several awards. Hood 35 LM Hull #1 'Shadow' was named Best New Powered Vessel.
• ARKHAUSmajorStrategic or Co-development PartnerCollaboration to build Villa 50, a next-generation 50-foot floating yacht and residence designed by Pininfarina, unveiled at Miami International Boat Show 2026. Features innovative deployable spud stabilization technology. Multiple configurations from private residences to commercial hospitality venues.
• PininfarinamajorTechnology or IntegrationItalian design house Pininfarina designed the Villa 50 floating yacht built by Lyman-Morse. Strategic design direction for ARKHAUS collaboration.
• Wayfarer MarineminorStrategic or Co-development PartnerWayfarer Marine in Camden was purchased in 2015, adding more than three acres of waterfront and a respected team of craftsmen. Wayfarer yard was devastated by fire in 2021 and rebuilt as modern working waterfront.
• e Sailing YachtsminorStrategic or Co-development PartnerPartnership formed in 2010 with e Sailing Yachts for new boat builds.

Scale indicators5 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Hinckley Yachts: Maine-based luxury yacht builder and service operator offering custom and semi-custom sailing yachts and motor yachts, plus brokerage and service. Closest direct peer given shared geography, customer base (HNW yacht owners), and integrated build/service/marina model.
• Hodgdon Yachts: Maine-based superyacht builder specializing in custom motor yachts and sailing superyachts, also serving defense/government clients. Comparable in custom-build orientation and advanced composite construction capabilities.
• Baltic Yachts: Finnish custom sailing yacht builder specializing in advanced composite construction and high-performance cruiser-racers. Comparable in carbon fiber expertise, custom build model, and collaboration with top designers.
• Vitters Shipyard: Dutch luxury sailing yacht builder focused on high-end custom performance sailing yachts. Comparable in custom-build discipline, premium positioning, and collaboration with leading naval architects.
• Palmer Johnson: U.S. builder of custom luxury motor yachts known for advanced composite construction and high-performance vessels. Comparable in carbon fiber construction expertise and ultra-premium positioning.
• Front Street Shipyard: Maine-based full-service boatyard offering new construction, refits, storage, and marina services. Direct peer in the integrated service/build model serving the New England luxury and commercial vessel market.
• Burger Boat Company: Wisconsin-based custom motor yacht builder with full in-house design, engineering, and construction. Comparable as a long-established U.S. custom luxury yacht manufacturer targeting UHNW buyers.
• Royal Huisman: Dutch builder of large custom sailing yachts and superyachts. Comparable in bespoke construction, advanced composites use, and ultrahigh-net-worth customer base; Royal Huisman sits at the upper end of custom build scale.

Broad incumbents

• Brunswick Corporation: Large public marine conglomerate owning multiple boat brands (Sea Ray, Boston Whaler, etc.). Operates across the recreational marine industry with overlapping capabilities in boat manufacturing, though not in the custom/semi-custom luxury niche.

Emerging players

• Artemis Technologies: Northern Ireland-based developer of electric hydrofoiling vessels (EF-12 Passenger, EF-12 Workboat) and Artemis eFoiler systems. Comparable as an emerging player in the electric hydrofoil segment where Lyman-Morse serves as Navier's manufacturing partner.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCdZEZrKXQBs4ZSFMmKspJdw
• Instagraminstagram.com/lyman_morse
• Pinterestpinterest.com/lymanmorse
• Facebookfacebook.com/lyman-morse-boatbuilding-310433492326332
• LinkedInlinkedin.com/company/lyman-morse-boatbuilding

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lyman Morse Boatbuilding