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TAMPA — Lazzara Yacht Corp., a private, family-owned yacht manufacturer based in Tampa, received a capital investment from The Crest Group LLC, a residential and commercial developer based in Hauppaugue, N.Y.
Investment terms were not disclosed, but Lazzara did lay out its growth plans for the next two years in a release announcing the transaction.
Lazzara plans to enter 25 new markets across the globe during the next 24 months, officials said in a release, including New York, Athens, Tokyo, Moscow and Istanbul. The company will also launch five new yacht models, each measuring between 52 and 120 feet.
“For the last 20 years we've had a family-owned, primarily U.S.-focused, business model,” said Lazzara chairman Dick Lazzara. “It's time to broaden our horizons.”
The company's main manufacturing facility is located in Tampa on Tyson Avenue.
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