Riello Investimenti SGR has acquired a 60% majority stake in Italian boatbuilder Apreamare, strengthening its portfolio of iconic domestic brands, according to Il Sole 24 Ore.

The investment was made through Riello’s ‘Italian Strategy’ fund, which now holds 11 acquisitions.

Apreamare, founded in 1849 and renowned for its traditional Sorrentine gozzo boats, generated more than €20m ($22m) in revenue in 2024, with over a quarter of sales achieved abroad. The company remains under the leadership of president Cataldo Aprea and CEO Rita Pollio, with both families reinvesting to ensure continuity.

Nicola Riello, president of Riello Investimenti, said: “We are very proud of this new operation, which, in line with our approach, has seen the involvement and reinvestment of the Aprea and Pollio families, guaranteeing that managerial continuity, which is a fundamental factor in the experience and development of the nautical sector.”

He added that the transaction includes a major capital injection to support Apreamare’s expansion and the launch of new yacht models, reinforcing Riello’s strategy of backing Italian excellence with strong growth potential.

Cataldo Aprea described Riello’s entry as “a new and ambitious chapter in the history of our shipyard. The objective of this new synergy is to accelerate the brand’s internationalisation and innovation path, without ever betraying our craftsmanship authenticity.”

Apreamare will showcase its full fleet at the Cannes Yachting Festival, including the debut of its Gozzo 48 Cabin.

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