Mengi Yay Yachts
Mengi Yay Yachts is a privately held Turkish superyacht builder founded in 1964, constructing bespoke steel and aluminium motor yachts up to 130 meters at its 19,365 m2 Tuzla shipyard for ultra-high-net-worth individuals worldwide.
- Company typePrivate
- Founded1964
- HeadquartersTuzla
- Headcount251–500
- GTM typeB2C
- OfferingHardware or Manufacturing
What Mengi Yay Yachts does
Mengi Yay Yatçılık is a privately held Turkish superyacht builder founded in 1964 by Ramazan Mengi in Istanbul and now led by the founder's sons Huseyin Mengi (CEO) and Mustafa Mengi. The company constructs bespoke steel-hull motor yachts, sailing yachts, and expedition vessels at its 19,365 m2 Tuzla shipyard, which is purpose-built for vessels up to 130 meters in length and employs 250+ personnel including hundreds of engineers and craftsmen. Mengi Yay operates two flagship product lines — the Virtus Series (designed by VYD Studio, available in five sizes from 39m to 52m) and the NL Plus line (designed in partnership with Nuvolari Lenard and engineered with Van Oossanen) — alongside fully custom one-off builds. Technical capabilities include in-house naval architecture, CFD-based hull optimization, RINA-certified construction (including C, Comfort, Green Plus, ICE CLASS 1D, and HELIDECK classifications), smart glass bridge control systems, and R&D investment in hybrid and electric propulsion.
The company sells directly to ultra-high-net-worth individuals through a consultative enterprise field-sales motion, supplemented by referral relationships with the four leading international yacht broker networks (Fraser Yachts, Burgess, Northrop & Johnson, IGY Marina) and a Fort Lauderdale sales office serving North America. Revenue is realized primarily on yacht delivery after approximately 2-year build cycles, with secondary revenue streams from comprehensive refit services (Reviva Refit by Mengi Yay, with 15+ major refit projects delivered since 2017) and lifetime technical support. Notable achievements include the 2016 Aquarius, recognized as the world's most fuel-efficient superyacht at 60 liters/hour consumption at 8.7 knots, and a delivered fleet spanning 19m to 48m+ vessels. The company is now integrating third-generation family members trained at RWTH Aachen, Newcastle University, and Politecnico di Milano, with current active projects spanning NB110 through NB117 across multiple delivery dates from 2026 to 2027.
Mengi Yay Yachts firmographics
Firmographics- Name
- Mengi Yay Yachts
- Legal name
- Mengi Yay Yatçılık
- Website
- https://mengiyay.com
- Company type
- Private
- Founded year
- 1964
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Mengi Yay Yachts is a privately held Turkish superyacht builder founded in 1964, constructing bespoke steel and aluminium motor yachts up to 130 meters at its 19,365 m2 Tuzla shipyard for ultra-high-net-worth individuals worldwide.
- Ownership category
- akta.pro rank
Mengi Yay Yachts industry classification
Industry- Product category
- Luxury Superyacht Manufacturing
- NAICS
- Ship Building and Repairing (336611), Boat Building (336612)
- SIC
- Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Full-Custom Superyacht & Megayacht Manufacturing (IMAJAMAB)
- akta.pro secondary industries
- Semi-Custom Luxury Yacht Manufacturing (IMAJAMAA), Luxury Yacht Hull & Superstructure Fabrication (Composite/Aluminum/Steel) (IMAJAMAG)
Keywords
Where Mengi Yay Yachts is headquartered
LocationHeadquarters
- HQ city
- Tuzla
Offices2 records
Markets served
Mengi Yay Yachts business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Infrastructure, Supply Chain, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Custom Yacht Building: Bespoke superyacht construction from concept to delivery. Each project is custom-designed according to client specifications with typical 2-year build cycles. Revenue is realized upon yacht delivery.
- Refit Services: Comprehensive refit and renovation services through specialized refit division, including interior refinishing, electrical modernization, hull painting, deck improvements, and complete superyacht transformations. Mengi Yay has delivered 15+ major refit projects since 2017.
- Lifetime Support: Ongoing technical support, maintenance, and service for yachts throughout their operational life. Includes remote assistance and shipyard services when needed.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Mengi Yay Yachts product offering
Product offeringCore offering
Mengi Yay Yachts designs and builds custom superyachts ranging from approximately 30 to 130 meters, with steel hulls and aluminium superstructures. The company operates two semi-custom series (NL Plus line in collaboration with Nuvolari Lenard, and the Virtus series designed by VYD Studio), and offers a full suite of supporting services including naval architecture, engineering, refit (via the Reviva Refit brand), and lifetime support. Each vessel is built to client specifications over a typical 2-year build cycle.
Product overview
Mengi Yay Yachts is a Turkish superyacht builder established in 1964, specializing in custom superyacht construction. The company operates two main product lines: the NL Plus (Nuvolari Lenard Plus) series designed by Nuvolari Lenard featuring NL 50 Plus through NL 65 Plus models, and the Virtus series designed by VYD Studio available in 39M, 43M, 44M, 47M, and 52M/XP sizes. Beyond new construction, Mengi Yay offers comprehensive services including custom build, design, engineering, refit (through Reviva Refit brand), and lifetime support. The company currently has multiple yachts under construction (NB 110 through NB 117 series) and maintains an extensive delivered fleet ranging from 19m to 48m motor yachts, sailing yachts, and expedition vessels.
Differentiator
Problem solved
Functional benefit
Brands
- Virtus: A product line of yachts developed by Mengi Yay, designed by VYD Studio, shaped by 60 years of custom yacht building experience. Available in 5 sizes: 39M, 43M, 44M, 47M, and 52M.
- NL Plus
- Reviva Refit by Mengi Yay
Products and services
- NL Plus (Nuvolari Lenard Plus) Series
- Virtus Series
- Custom Build Service
- Design Services
- Engineering Services
- Reviva Refit Services
- Lifetime Support
Quantifiable outcome
- Aquarius - World's most fuel-efficient superyacht: 60 liters/hour at 8.7 knots, enabling 4,138 nautical mile range with 33,000 liters of fuel
- +1 more outcomes
Companies that use Mengi Yay Yachts
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Mengi Yay Yachts technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature5 records
Mengi Yay Yachts partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Fraser YachtscoreInternational yacht brokerage partnership. Fraser Yachts team visited Mengi Yay shipyard in November 2025 as part of ongoing relationship for client referrals.
- Northrop & JohnsoncoreInternational yacht brokerage partnership. Northrop & Johnson team participated in shipyard visit alongside Fraser Yachts and IGY Marina.
- IGY MarinacoreMarina services partnership. IGY Marina SuperYacht Division team visited Mengi Yay shipyard as part of industry collaboration.
- BurgesscoreInternational yacht brokerage partnership. Burgess team visited Mengi Yay shipyard in November 2025, demonstrating active broker relationship.
- Reviva Refit by Mengi YaycoreMengi Yay's dedicated refit brand offering comprehensive superyacht transformation services. R15 project (M/Y Mirabella) demonstrates capabilities in full refit programs including interior refinishing, electrical modernization, hull painting, and deck improvements.
- Nuvolari LenardcoreCollaboration with renowned Italian superyacht design studio Nuvolari Lenard for the NL Plus line. The partnership combines Nuvolari Lenard's 30+ years of design expertise with Mengi Yay's 61 years of production experience. Multiple projects have been delivered including the NL 52 Plus, NL 60 Plus, and NL 65 Plus series.
- Van OossanencoreEngineering partnership for the Nuvolari Lenard Plus 52 project. Van Oossanen provides naval architecture and engineering services for high-efficiency hull designs that optimize performance, fuel consumption, and comfort.
- VYD StudiocoreDesign partnership for the Virtus Series. VYD Studio designs the elegant and creative exteriors for the Virtus line, which spans five sizes (39M, 43M, 44M, 47M, 52M) and has produced 10 hulls to date.
- Endaze DesignminorInterior design partnership for the Serenitas II modern trawler project, featuring contemporary and modern lines.
- Dykstra & PartnersminorDesign partnership for the Gwelio sailing yacht project. Dykstra & Partners designed the 42-meter classic sailing yacht that is considered one of the world's best-designed classic yachts.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Mengi Yay Yachts competitors and assessment
Company assessmentBroad incumbents
- Sanlorenzo: Italian superyacht builder (publicly listed) producing semi-custom and custom yachts from 24m to 70m+. Overlaps in product category and customer base, but with broader model range including smaller yachts and stronger brand recognition among European buyers.
- Lürssen: German megayacht builder producing custom vessels up to 150m+. Overlaps in custom superyacht construction but operates at a significantly larger scale and dominates the >80m megayacht segment where Mengi Yay is just beginning to compete.
Direct peers
- Bilgin Yachts: Turkish custom superyacht builder with shipyard in Istanbul, delivering bespoke motor yachts from ~30m to 80m+. Direct competitor in the same Turkish shipyard cluster, sharing similar broker networks and client base.
- Feadship: Dutch builder of fully custom luxury superyachts from ~40m to 100m+ in steel and aluminum. Comparable in custom-build model, UHNWI targeting, and high-end finish, though with stronger brand positioning in the largest megayacht tier.
- Turquoise Yachts: Turkish custom superyacht builder (formerly Proteksan-Turquoise) based in Istanbul, building steel-hull vessels up to 80m+. Most direct geographic peer competing for the same UHNWI clients with similar product offerings.
- CRN (Ferretti Group): Italian builder of fully custom steel/aluminum megayachts from 40m to 90m+. Competes head-to-head with Mengi Yay in the custom superyacht segment serving UHNWI clients with bespoke projects and similar naval architecture partnerships.
- Heesen Yachts: Dutch custom superyacht builder delivering all-aluminum and steel-hull vessels from ~50m to 70m+. Comparable in product category (custom motor yachts), customer segment (UHNWI), and use of in-house naval architecture.
- Benetti: Italian megayacht builder (part of Azimut-Benetti Group) constructing custom and semi-custom superyachts from 30m+ in steel, aluminum, and composite. Directly comparable in product category, target UHNWI customers, and broker-led GTM motion.
- Oceanco: Dutch custom superyacht builder creating bespoke motor yachts typically 80m+ in steel and aluminum. Comparable in full-custom delivery model and UHNWI client base, though focused on the larger megayacht tier.
Emerging players
- Damen Yachting: Dutch custom superyacht builder (SeaXplorer, Amels line) producing explorer and luxury motor yachts typically 50m–100m+. Comparable in custom build delivery and UHNWI segment, with growing overlap in the explorer yacht category where Mengi Yay also operates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Mengi Yay Yachts social profiles
Digital presenceMengi Yay Yachts compliance and trust
Trust signalCompliance9 records
Mengi Yay Yachts financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mengi Yay Yachts leadership team
Management profileNumber of profiles
Profiles6 records
Mengi Yay Yachts funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mengi Yay Yachts M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mengi Yay Yachts
What does Mengi Yay Yachts do?
Mengi Yay Yachts designs and builds custom superyachts ranging from approximately 30 to 130 meters, with steel hulls and aluminium superstructures. The company operates two semi-custom series (NL Plus line in collaboration with Nuvolari Lenard, and the Virtus series designed by VYD Studio), and offers a full suite of supporting services including naval architecture, engineering, refit (via the Reviva Refit brand), and lifetime support. Each vessel is built to client specifications over a typical 2-year build cycle.
Is Mengi Yay Yachts a public or private company?
Mengi Yay Yachts is a private company. It is classified as family owned and is currently operating.
When was Mengi Yay Yachts founded?
Mengi Yay Yachts was founded in 1964. It employs 251 to 500 people.
Where is Mengi Yay Yachts based?
Mengi Yay Yachts is headquartered in Tuzla.
How does Mengi Yay Yachts make money?
Three revenue lines are on record. Custom Yacht Building is the primary driver. The others are refit Services and lifetime Support.
Who are Mengi Yay Yachts's main competitors?
Broad incumbents on record are Sanlorenzo and Lürssen. Direct peers are Bilgin Yachts, Feadship, Turquoise Yachts, CRN (Ferretti Group), Heesen Yachts, Benetti and Oceanco. Damen Yachting is listed as an emerging player.
Does Mengi Yay Yachts have an API?
No public API is recorded for Mengi Yay Yachts.
What industry is Mengi Yay Yachts in?
Mengi Yay Yachts's product category is Luxury Superyacht Manufacturing. Its primary akta.pro industry code is IMAJAMAB, Full-Custom Superyacht & Megayacht Manufacturing, with a secondary code of IMAJAMAA, Semi-Custom Luxury Yacht Manufacturing. Its NAICS code is 336611 and its SIC code is 3730.