Since April 30 when Michael Reardon, founder of Daedalus Yachts, announced that he had purchased Catalina Yachts, which also builds True North motorboats, rumors have been circulating about the health of the business and the status of the boat building operations.
This week, Catalina’s president Patrick Turner issued the statement below to bring America’s boating community up to speed on the current state of affairs at one of America’s oldest and most respected boat building companies.
I want to share an important update directly with those who matter most to this company — our owners, future owners, and the broader sailing community that has supported Catalina for more than 50 years.
We have initiated a temporary production pause while we reorganize key areas of our operation. Like many manufacturers in today’s environment, we are navigating short-term financial challenges. Rather than pushing ahead in a way that could compromise quality or consistency, we have chosen to take a responsible pause while we finalize the support needed to move forward stronger.
This decision reflects our commitment to Catalina’s long-term health — not just the next boat out of the factory, but the thousands that already exist and the many more still to come.
What This Means for Catalina Owners & Buyers
All existing boat orders remain in place and will be fulfilled.
Our dealer network remains available to assist with sales, service, and warranty matters.
This is not a setback in spirit — it is a reset in structure. Catalina has weathered many challenges over the decades, and each one has made us more resilient. This moment will be no different.
I am deeply grateful for the loyalty and passion of this community. Catalina has never been just a boatbuilder — it is a family of sailors, dreamers, and doers who believe in adventure and independence. That spirit is alive and well.
I will continue to share updates as we move through this transition and return to production with renewed strength.
Thank you for being part of the Catalina story. The best chapters are still ahead.
