Donald Tofias buys Sparkman & Stephens
Published on August 31st, 2018
Newport, RI (August 31, 2018) – Sparkman & Stephens has announced that Donald Tofias (Newport, RI) has purchased the iconic yacht design and brokerage firm. Tofias, a lifelong sailor and founder of the W-Class Yacht Company, will assume the role of President of the firm having purchased 100% of the assets.
Over the past 30 years Tofias has owned and campaigned a Waldo Howland and Ray Hunt, Jr. Concordia Yawl, a W. Starling Burgess Cutter, and for the past 20 years, W-Class Racing Yachts, including the W.76 sloops, designed by Joel White, which will now be marketed by Sparkman & Stephens.
Donald Tofias said, “We intend to preserve the history of Sparkman & Stephens, while at the same time building and expanding on its great tradition in yacht design and brokerage.”
The company will be headquartered in Newport, RI.