Kadey-Krogen Yachts

What Kadey-Krogen Yachts does

Kadey-Krogen Yachts, founded in 1976 in Coconut Grove, Florida by Art Kadey and Jim Krogen, is a privately held US boatbuilder (headquartered in Stuart, FL) that designs and markets long-range cruising trawler yachts under The Kadey-Krogen Group, which also encompasses the Summit Motoryachts performance line and the American Tugs coastal cruising brand acquired in May 2023. The company's core Krogen trawler lineup spans 44 to 60 feet — including the Krogen 44 AE, 48 AE, 50 Open, 52, 58 EB, and 60 Open — and is built around the proprietary Pure Full Displacement (PFD) hullform featuring longitudinal symmetry, fine bow entry, wineglass transom, aramid/Kevlar reinforcement, and the patented Counter-Faired Twin Skeg; the group is also introducing a new Krogen 53 for its 50th anniversary in 2026. Hull construction is outsourced to Asia Harbor Yacht Builders in Taiwan, while the company retains design, sales, marketing, customer care, and project management in-house.

Revenue is generated principally through one-time factory-direct sales of semi-custom new yachts (with options, layouts, and interior packages tailored per buyer), supplemented by pre-owned Krogen brokerage, a small apparel/merchandise Ship's Store, and European channel partner sales (Vortec Marine in Northern Europe, Passepartout in Italy/France/Monaco/Spain/Switzerland, Paspartu in the Adriatic, Schwartz & Co. in the Great Lakes). Pricing is not publicly disclosed; pre-owned brokerage listings range roughly $645K–$949K, and new semi-custom builds typically command higher prices. The customer base consists of HNW owner-operators pursuing bluewater passagemaking and extended liveaboard cruising (retirees, cruising couples, and family circumnavigators), with nearly 700 Krogen hulls delivered worldwide since 1977. Following Tucker West's appointment as President & CEO in April 2021 alongside an undisclosed growth-equity capital raise, the group has expanded its brand portfolio (Summit, American Tugs), opened a West Coast sales office in Seattle (2022), and added senior hires across naval architecture, design, sales, and customer care.

Name

Kadey-Krogen Yachts

Legal name

Kadey-Krogen Yachts

Website

https://kadeykrogen.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

Kadey-Krogen Yachts is a privately held US builder of long-range, semi-custom bluewater cruising trawlers (44–60 feet) featuring the proprietary Pure Full Displacement hull, serving HNW owner-operators worldwide through a factory-direct model with Summit Motoryachts and American Tugs sub-brands.

Ownership category

akta.pro rank

Product category

Recreational Boats (Long-Range Cruising Trawler Yachts)

NAICS

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

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Semi-Custom Luxury Yacht Manufacturing (IMAJAMAA)

akta.pro secondary industries

Semi-Custom & Series Production Yacht Manufacturing (IMAJAEAM), Luxury Motor Yacht Manufacturing (IMAJAMAD), Explorer Yacht Manufacturing (IMAJAMAE)

Keywords

• Bluewater trawler yachts
• Long-range cruising yachts
• Passagemaker motor yachts
• Full displacement hull design
• Custom trawler manufacturing

Headquarters

HQ city

Stuart

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Custom New Yacht Sales: Factory direct sales of new custom-built cruising yachts. Customers work directly with Kadey-Krogen sales and production teams throughout the build process. Models range from 44 to 60 feet with semi-custom interiors.
2. Pre-Owned Yacht Brokerage: Brokerage division selling pre-owned Kadey-Krogen yachts and other proven passagemakers. Maintains inventory of quality used boats.
3. Ship's Store: E-commerce store selling apparel and merchandise for Krogen and Summit owners.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Kadey-Krogen Yachts designs and sells custom-built long-range bluewater cruising trawler yachts ranging from 44 to 60 feet, with a new 53-foot model launching in 2026 for the company's 50th anniversary. The yachts feature the proprietary Pure Full Displacement (PFD) hullform with aramid reinforcement and patented counter-faired twin skegs, and are sold factory-direct with semi-custom interiors to owner-operator cruisers. The company also operates a pre-owned brokerage division, the Summit Motoryachts performance cruiser sub-brand, and the American Tugs coastal cruising brand acquired in May 2023.

Product overview

Kadey-Krogen Yachts builds a portfolio of long-range cruising trawler yachts and performance motoryachts under multiple brands. The core Krogen trawler line spans 44 to 60 feet (Krogen 44 AE, 48 AE, 50 Open, 52, 58 EB, 60 Open, and newly announced 53) featuring the proprietary Pure Full Displacement (PFD) hull design for bluewater passagemaking. The company operates as The Kadey-Krogen Group, which includes the Summit Motoryachts sub-brand (performance cruisers designed with Michael Peters) and the acquired American Tug coastal cruising brand (36-48 feet). All vessels are built with owner-operators in mind, emphasizing comfort, liveaboard accommodations, and ocean-crossing capability. The company also operates a pre-owned brokerage service. Products are sold factory-direct through company-owned sales offices, with global distribution partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• Summit Motoryachts: Performance cruising yachts series combining renowned build quality with performance hull designed by naval architect Michael Peters
• American Tug
• Krogen Trawlers

Products and services

• Krogen 44 AE Full-displacement cruising trawler yacht featuring Advanced Ergonomic (AE) design with expanded galley, improved engine room access, and redesigned flybridge. Built for bluewater passagemaking and liveaboard comfort.
• Krogen 48 AE Full-displacement trawler yacht with Advanced Ergonomic configuration offering enhanced liveaboard accommodations and ocean-crossing capability for serious cruisers.
• Krogen 50 Open Ocean trawler yacht with open-plan interior featuring seamless pilothouse, galley, and saloon layout. Retractable panel design, amidships master stateroom, optional 3-stateroom layout, island-friendly shallow draft, and ocean-crossing range. Sub-Zero refrigerator/freezer and Viking range standard.
• Krogen 52 Long-range trawler epitomizing the true essence of Krogen design. Features single or twin engine options, 2 or 3 stateroom layouts, passage-focused pilothouse with settee/watch berth, ocean-crossing capability, and high bulwarks. Equipped with John Deere engines, Northern Lights generators, and ABT TRAC stabilizers.
• Krogen 58 EB True trawler for serious cruising with Pure Full Displacement hullform. Single or twin engine packages, walk-in engine room, large flybridge, full beam master suite, 2 or 3 stateroom options. Features 1,810 gal fuel capacity with single engine and 325-bhp John Deere diesel standard.
• Krogen 60 Open Ocean trawler yacht with expansive open-plan interior. Features day head in pilothouse, twin John Deere 200-hp 4045 diesels, island-friendly draft under 6 feet, king-size amidships master, 3-stateroom/3-head layout with convertible office, optional crew accommodations. 1,800 gal fuel capacity for transoceanic range.
• Krogen 53 Next-generation passagemaker built on Pure Full Displacement Hull with versatile interior options. Multiple galley configurations, 2 or 3 stateroom layouts with dedicated office, full-beam master suite, optional internal staircase to flybridge, large flybridge with panoramic visibility, optional day head, expansive boat deck for 14-foot exploration tender.
• Summit Motoryachts Performance cruising yacht series combining Kadey-Krogen build quality with Michael Peters-designed performance hulls. Models include Summit 54 and Summit 54 Coupe featuring sunroof, aft-galley integration, and projected top speed of 28 knots.
• American Tugs Coastal cruising brand acquired by Kadey-Krogen Group in May 2023. La Conner, Washington-based builder offering five models ranging from 36 to 48 feet with over 250 boats delivered plus five commercial vessels.
• Pre-Owned Krogen Brokerage Brokerage service for pre-owned Kadey-Krogen yachts and other proven passagemakers, backed by the company's experienced sales team and factory support.
• Ship's Store E-commerce store selling branded apparel and merchandise for Krogen and Summit owners.

Quantifiable outcome

• Full-displacement hull enables efficient cruising at 7-10 knots with lighter, lower-horsepower engines reducing weight and improving efficiency
• +1 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• American TugscoreStrategic or Co-development Partner · 1 May 2023Acquired La Conner, Washington-based American Tugs in May 2023. American Tugs builds five models (36-48 feet) from 28,000 sq ft facility. Co-founder Kurt Dilworth remains as CEO. Creates dynamic manufacturing, sales, and service organization.
• Vortec MarinecoreChannel Partner/ Reseller/ Distributor · 1 September 2021Vortec Marine (formed from merger of McGowan Marine) represents both Kadey-Krogen and Summit brands in Northern Europe. Led by Ross Collingwood and Innes MacGowan, providing sales and service for UK market.
• PassepartoutcoreChannel Partner/ Reseller/ Distributor · 1 September 2021Represents Krogen and Summit brands in Italy, France, Monaco, Spain, and Switzerland for sales and distribution.
• PaspartuminorChannel Partner/ Reseller/ DistributorRepresents Krogen and Summit brands in Croatia, Slovenia, and Montenegro for sales distribution.
• Schwartz & Co. Yacht SalesminorChannel Partner/ Reseller/ DistributorMid-West-based yacht broker representing Krogen and Summit brands in the Great Lakes region through existing relationship.
• Blue Creative GroupcoreGTM or Marketing PartnerMarketing agency of record founded by marine industry veteran George Sass Jr. (former Global Marketing Director for Grand Banks Yachts, former editor-in-chief of Yachting and Power & Motoryacht) and Andy Hawk. Provides digital marketing, analytics, SEO, social media, content, and PR services.
• Asia Harbor Yacht BuilderscoreOEM/ Whitelabel/ Licensing PartnerTaiwan-based builder that constructs Krogen yachts. Production Manager Fran Morey serves as liaison between sales group and builder.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Outer Reef Yachts: Long-range motor yacht builder (55-115 ft) competing in the bluewater/liveaboard segment with similar semi-custom interiors and emphasis on extended cruising capability.
• Marlow Yachts / Marlow Explorer: Premium explorer trawler and motor yacht builder (40-90 ft) with parallel brand positioning around long-distance cruising, semi-custom builds and high-end fit-and-finish.
• Nordhavn: Iconic long-range bluewater passagemaker builder (40-120 ft) competing directly in the same bluewater trawler segment with semi-displacement and full-displacement designs targeted at transoceanic cruisers.
• Grand Banks Yachts: Singapore/Hong Kong-listed builder of motor yachts and long-range trawlers (49-78 ft) with overlapping customer base and product category. Tucker West led Grand Banks' North American sales immediately prior to becoming Kadey-Krogen's CEO, making this the most direct head-to-head competitor.
• Fleming Yachts: Builder of premium long-range cruising yachts (55-85 ft) with similar bluewater passagemaking focus, semi-custom interiors and direct-to-owner sales model targeting the same affluent cruising demographic.
• Selene Yachts: Long-range ocean trawler specialist (40-92 ft) with strong presence in the bluewater cruising market, offering similar full-displacement hull forms for serious offshore cruisers.

Broad incumbents

• Princess Yachts: Large UK luxury motor yacht builder (30-95 ft) selling to overlapping affluent demographics globally with a broad yacht portfolio, serving as an incumbent benchmark for scale, dealer networks and design prestige in the luxury motor yacht category.
• Hatteras Yachts: Iconic American motor yacht and sportfish builder offering a broader portfolio (convertibles, sport yachts, motor yachts) at overlapping price points but serving a wider recreational boating market, not specialized to full-displacement cruising.
• Hinckley Yachts: Heritage luxury yacht builder with a broader product range (Jetboats, Picnic Boats, motor yachts 40-75 ft) targeting affluent owners with premium positioning and a deep service network, but not focused on long-range bluewater cruising.

Emerging players

• North Pacific Yachts: North American distributor of Asian-built long-range trawlers (35-49 ft) that competes in the coastal and near-offshore cruiser segments with similar value positioning to American Tugs and entry-level Krogen models.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/kadeykrogen
• Facebookfacebook.com/KadeyKrogen
• Instagraminstagram.com/kadeykrogenyachts
• Xx.com/kadeykrogen
• LinkedInlinkedin.com/company/kadey-krogen-yachts

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 Kadey-Krogen Yachts