Palm Beach Motor Yachts

What Palm Beach Motor Yachts does

Palm Beach Motor Yachts is a luxury motor yacht manufacturer founded in 1993 and headquartered in Stuart, Florida, operating as a wholly-owned subsidiary of Singapore-listed Grand Banks Yachts Ltd. (SGX). The company designs and builds motor yachts across three product series: the Classic Series (PB42 through PB107) covering traditional luxury configurations including Sedan, Flybridge, Skylounge, Extended, Jet Drive, and Outboard variants; the GT Series (GT50, GT60, GT70) combining sport styling with Volvo Penta IPS propulsion; and the GT RS Series (GT50 RS, GT60 RS, GT70 RS) representing high-performance flagships with triple IPS 1350s or quad outboard configurations. All models incorporate V-Warp Technology®, a proprietary hull design and construction methodology featuring vacuum-infused E-Glass with carbon fiber in structural areas, structural bonding of bulkheads and fixed furniture to hull and deck, and Corcell/Airex foam cores for superior strength-to-weight ratio, fuel efficiency, and sea handling.

The company serves high-net-worth owner-operators of luxury motor yachts through a factory-direct sales model that eliminates dealer markups and supports deep customization. Revenue is generated primarily through one-time new yacht sales, supplemented by a certified pre-owned brokerage program offering a 12-month structural warranty, and after-sales service, maintenance, and parts operations in Stuart, Florida. Distribution is global with regional sales offices across the United States (Stuart, Dania Beach, Newport RI, Rowayton CT, San Diego, Newport Beach), Australia, Asia, and Europe, supported by manufacturing facilities in Sydney, Australia.

Brand and customer engagement are reinforced through elite sailing sponsorships including the 52 Super Series 2026 Season and the Ida Lewis Distance Race 2026, and through competitive offshore racing via the recently acquired Palm Beach XI (formerly Wild Oats XI), set to compete in the 80th Rolex Sydney Hobart Yacht Race in December 2025. The company employs 501-1000 people and is led by President Mark Richards, with the broader group benefitting from Grand Banks Yachts' heritage dating to 1966.

Name

Palm Beach Motor Yachts

Legal name

Palm Beach Motor Yachts

Website

https://palmbeachmotoryachts.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Palm Beach Motor Yachts is a Stuart, Florida-based luxury motor yacht manufacturer and subsidiary of Grand Banks Yachts Ltd., designing and building Classic, GT, and GT RS series yachts with proprietary V-Warp Technology® for high-net-worth owner-operators worldwide through a factory-direct sales model.

Ownership category

akta.pro rank

Product category

Luxury Motor Yacht Manufacturing

NAICS

Boat Building (336612)

SIC

Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Luxury Motor Yacht Manufacturing (IMAJAMAD)

akta.pro secondary industry

Semi-Custom Luxury Yacht Manufacturing (IMAJAMAA)

Keywords

• Luxury motor yachts
• Yacht manufacturing
• Marine propulsion
• Pre-owned yacht brokerage
• Yacht service parts

Headquarters

HQ city

Stuart

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. New Luxury Motor Yacht Sales: Palm Beach Motor Yachts generates primary revenue through the sale of new luxury motor yachts, including Classic Series (PB42-PB107), GT Series (GT50-GT70), and GT RS Series models. Yachts are built to order with extensive customization options and sold factory-direct.
2. Pre-Owned Yacht Brokerage: The company operates a certified pre-owned brokerage program that buys, inspects, prepares, and resells pre-owned Palm Beach and Grand Banks yachts. All pre-owned sales include a 12-month certified structural warranty.
3. Service, Maintenance, and Parts: Palm Beach Motor Yachts provides comprehensive yacht maintenance, servicing, and parts through facilities in Stuart, Florida. Services include stem-to-stern inspections, detailing, warranty work, and yacht club accommodations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Palm Beach Motor Yachts designs, manufactures, and sells luxury motor yachts directly to owner-operators through a factory-direct model. Its product line spans the Classic Series (PB42 to PB107), GT Series (GT50, GT60, GT70), and GT RS Series, all built with proprietary V-Warp Technology® hull construction and offered in multiple configurations (Sedan, Flybridge, Skylounge, Extended variants, Jet Drive, Outboard). The company also operates a certified pre-owned yacht brokerage and provides maintenance, parts, and warranty services.

Product overview

Palm Beach Motor Yachts is a luxury motor yacht manufacturer celebrating 32 years of excellence, operating as a subsidiary of Grand Banks Yachts Ltd. The company offers three distinct product series: the Classic Series (PB42 through PB107) featuring traditional luxury yacht designs with V-Warp Technology in various configurations including Sedan, Flybridge, Skylounge, Extended variants, Jet Drive, and Outboard; the GT Series (GT50, GT60, GT70) combining sports appeal with unrivaled performance using advanced construction and Volvo Penta IPS propulsion; and the high-performance GT RS Series (GT50 RS, GT60 RS, GT70 RS) featuring enhanced engine configurations including triple Volvo Penta IPS 1350s and quad outboard options. All models incorporate proprietary V-Warp Technology for superior fuel efficiency, performance, and sea handling. The company also operates a certified pre-owned brokerage program and racing program through Palm Beach XI.

Differentiator

Problem solved

Functional benefit

Brands

• Palm Beach XI: The racing yacht Wild Oats XI acquired in 2025, to be relaunched as Palm Beach XI for the 80th Rolex Sydney Hobart Yacht Race in December 2025.

Products and services

• Palm Beach 42 (PB42) Compact luxury motor yacht in the Classic Series featuring V-Warp Technology hull design, available in Sedan, Jet Drive, and Outboard configurations. Two stateroom, single head layout with generous salon and classic Palm Beach styling. Designed for owner-operators seeking a premium entry-level luxury motor yacht.
• Palm Beach 45 (PB45) Classic Series luxury motor yacht with V-Warp Technology for enhanced fuel efficiency and performance, available in Sedan, Flybridge, Jet Drive, and Outboard configurations. Designed for owner-operators seeking performance and customization.
• Palm Beach 50 (PB50) Mid-size Classic Series luxury motor yacht with V-Warp Technology, offered in Sedan, Flybridge, Jet Drive, and Outboard configurations for owner-operators seeking performance and customization.
• Palm Beach 52 (PB52) High-performance Classic Series motor yacht with sporty, aggressive styling and Volvo D11 engines at 725hp each. Features concealed tender garage, spacious two-stateroom layout with galley down, and Garmin electronics package.
• Palm Beach 55 (PB55) Classic Series luxury motor yacht with multiple layout options including Sedan, Extended Sedan, Flybridge, and Extended Flybridge configurations, featuring V-Warp Technology for superior performance and fuel efficiency.
• Palm Beach 65 (PB65) Large Classic Series luxury motor yacht with extended flybridge options and multiple configurations, designed for owner-operators requiring spacious accommodations and superior sea handling.
• Palm Beach 70 (PB70) Flagship Classic Series model featuring extensive customization options including Skylounge, Flybridge, Extended Flybridge, and Sedan configurations with V-Warp Technology.
• Palm Beach 85 (PB85) Large Classic Series luxury motor yacht offered in Skylounge, Flybridge, and Sedan configurations, representing the pinnacle of Palm Beach craftsmanship in the Classic Series.
• Palm Beach 107 (PB107) The largest model in the Classic Series, featuring a Skylounge configuration and embodying 32 years of luxury yacht design, innovation, and performance excellence.
• Palm Beach GT50 GT Series sporty luxury motor yacht combining elegant design with high performance using V-Warp Technology. Features 17.1M length, twin Volvo IPS 800S engines, 32-knot cruise speed, and 332 NM cruising range at 21 knots with 25 G/H fuel consumption. Available in Sedan and Outboard configurations.
• Palm Beach GT60 Alpha model of the Palm Beach GT range featuring next-generation construction and design technology for unrivaled performance. Offers 19.85M length, twin Volvo IPS engines, up to 40-knot top speed, and 622 NM cruising range. Available in Sedan and Jet Drive configurations.
• Palm Beach GT70 Flagship GT Series model epitomizing elegance and performance with a sleek silhouette. Features 24M length, twin 1,000-horsepower Volvo Penta D13s with IPS 1350s, three staterooms including full-beam master suite, and tender garage.
• Palm Beach GT70 RS Flagship GT RS Series model defining next-generation offshore performance luxury motor yachts. Features triple Volvo Penta IPS 1350s engines delivering 1,000hp each, 24M length, exceptional fuel efficiency, and exhilarating speed for discerning yachtsmen.
• Palm Beach GT60 RS High-performance GT RS Series variant featuring Quad V12 600 Outboards for maximum power and speed, representing the sportiest expression of the GT60 platform.
• Palm Beach GT50 RS Performance-focused GT RS Series variant with Quad V8 500 Outboards, delivering enhanced speed and sporty appeal while maintaining GT50 luxury features.
• Palm Beach Pre-Owned Yacht Brokerage Certified pre-owned yacht brokerage program operated through preowned.palmbeachmotoryachts.com, featuring rigorous 12-month structural warranty regardless of vessel age, stem-to-stern inspections, and direct connection to Palm Beach factory expertise for buyers and sellers of pre-owned Palm Beach and Grand Banks yachts.
• Yacht Service, Maintenance, and Parts Comprehensive yacht maintenance, servicing, and parts provided through facilities in Stuart, Florida. Services include stem-to-stern inspections, detailing, warranty work, and yacht club accommodations for service customers.

Quantifiable outcome

• GT50 achieves 332 NM cruising range at 21 knots with only 25 G/H fuel consumption
• +2 more outcomes

Named customers5 records

Segments1 record

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

Two partnerships are on record, tiered major and core.

• Rolex Sydney Hobart Yacht RacemajorStrategic or Co-development Partner · 24 October 2025Palm Beach Motor Yachts acquired the legendary offshore racing yacht Wild Oats XI (100-foot maxi yacht) and will compete in the 80th Rolex Sydney Hobart Yacht Race in December 2025, rebranding the vessel as Palm Beach XI. The race is one of the world's most prestigious offshore yacht races, starting from Sydney, Australia.
• Grand Banks Yachts Ltd.coreOthers · 1 January 1966Palm Beach Motor Yachts is a subsidiary of Grand Banks Yachts Ltd., a Singapore-based company established in 1966. Grand Banks is a leading luxury yacht builder known for the Grand Banks and Palm Beach brands. This parent-subsidiary relationship provides Palm Beach Motor Yachts with operational infrastructure, manufacturing expertise, and global distribution network support.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ferretti Group: Ferretti Group (Hong Kong-listed, Italian) owns Ferretti Yachts, Riva, Pershing, and others, offering luxury motor yachts from 35ft to 100ft+. The company's broad portfolio and global dealer network place it as a direct competitor to Palm Beach across flybridge, sedan, and high-performance segments.
• Grand Banks Yachts: Grand Banks Yachts is the parent company of Palm Beach Motor Yachts and itself produces luxury motor yachts (GB series, East Bay series) from 42ft to 85ft. While a sibling brand under the same parent, Grand Banks competes in adjacent segments (trawler-style and long-range cruising) with overlapping dealer networks and customer base.
• Sunseeker International: Sunseeker is a British luxury motor yacht builder producing yachts from 38ft to 131ft across sport, flybridge, and superyacht segments. The brand's emphasis on performance, premium customization, and global dealership presence makes it highly comparable to Palm Beach Motor Yachts in target customer and product positioning.
• Azimut Yachts: Azimut is part of the Italian Azimut-Benetti Group and produces luxury motor yachts from 34ft to 120ft+. As one of the largest global luxury yacht builders, Azimut competes directly with Palm Beach's Classic and GT Series in the same owner-operator segment across flybridge, sedan, and S-class sport yachts.
• Viking Yachts: Viking Yachts is a US-based builder of luxury sportfishing and convertibles from 38ft to 92ft, with the Valhalla Boatworks high-performance center console spin-off. Viking's emphasis on performance, hull engineering, and tournament-grade construction makes it a comparable peer, particularly for Palm Beach's GT RS performance models.
• Bertram Yachts: Bertram is a US-based luxury sportfishing and motor yacht builder with heritage dating to 1960, producing yachts from 30ft to 61ft. Comparable to Palm Beach in American DNA, owner-operator focus, and offshore performance positioning, though smaller in scale and more focused on sportfishing.
• Princess Yachts: Princess Yachts is a UK-based luxury motor yacht manufacturer offering a comparable range of flybridge, sedan, and sport yachts from 40ft to 95ft. Like Palm Beach, Princess targets owner-operators and emphasizes performance, craftsmanship, and customization, making it a direct competitor in the premium luxury motor yacht segment.
• Hinckley Yachts: Hinckley is a US-based luxury motor yacht and sailing yacht builder known for superior craftsmanship, proprietary construction techniques (e.g., carbon-fiber JetStick), and direct-to-owner sales. Comparable to Palm Beach in American luxury positioning, owner-operator focus, and emphasis on hand-built quality.

Regional players

• Riviera Australia: Riviera is an Australian luxury motor yacht manufacturer producing yachts from 39ft to 78ft across sport, flybridge, and SUV collections. Despite overlapping product categories with Palm Beach, Riviera primarily serves the Australian and Asia-Pacific markets and is therefore a regional rather than direct US competitor.

Emerging players

• Chris-Craft: Chris-Craft is a US heritage luxury boat builder producing runabouts, launches, and mid-size motor yachts from 22ft to 38ft. While smaller and more focused on day boats and tenders than Palm Beach's 42ft+ range, Chris-Craft shares the American luxury DNA, classic styling, and owner-operator customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/pbmotoryachts
• Facebookfacebook.com/palmbeachmotoryachts
• LinkedInlinkedin.com/company/palm-beach-motor-yachts

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Palm Beach Motor Yachts