From a Humble Australian Boat Factory to Global Yachting Powerhouse: The Ascendancy of Palm Beach Motor Yachts

When Palm Beach Motor Yachts planted its roots in Palm Beach, Australia in 1995, few could have anticipated the voyage they embarked upon—a 30-year odyssey to become internationally recognized luxury motor yacht brand.

Starting with a modest 100m2 factory crafting the original Palm Beach 38, the company grew at a steady clip. The business expanded, relocating to Mona Vale on Sydney’s Northern Beaches peninsula to accommodate the demand for their superior vessels. The Palm Beach 50 quickly followed the 38, underscoring their reputation for beautifully engineered luxury motor yachts. Soon, the single factory became two, then four.

Barely a decade ago, Palm Beach Motor Yachts drew global attention when it was acquired by Grand Banks Yachts. This catapulted their operations to larger dimensions, relocating their molds to the Grand Banks Yacht shipyard in Malaysia where they are currently headquartered as part of the prestigious GB Marine Group.

With the announcement of the new Palm Beach 107, gears have shifted once more. It won’t be surprising if further new models unveil between it and the Palm Beach 85. Motivated by the producing quality yachts for pleasure at sea, the brand continues to despise stagnation.

Emphasizing the upcoming successful year, the buoyant Richards announced the company’s expansion plans with a whopping 110,000m2 factory space and a dedicated 1,200-person crew. He vowed his commitment to an all-inclusive, factory-direct model that not only sees through the sales but also comprehensive, top-notch service. His singular vision? A satisfied cadre of clients, every single one looked after by the experienced hands of Palm Beach and under the protective umbrella of the GB Marine Group.