The Working Waterfront

Lyman-Morse buys Wayfarer Marine

Camden location valued by new owner

Tom Groening
Posted 2015-07-01
Last Modified 2015-07-01

By Tom Groening

Thomaston-based Lyman-Morse Boatbuilding has purchased Wayfarer Marine in Camden. Lyman-Morse announced the purchase on July 1. The terms of the purchase were not disclosed.

Both boatyards have deep ties to their communities. Lyman-Morse’s history dates back nearly 100 years, while boatbuilding at the Wayfarer site began in the late 1700s.

Lyman-Morse formed in 1978 when Cabot Lyman joined the business then owned by Roger Morse, according to the company website. The business is known for building high-end sailboats, and in its early days, built Friendship sloops.

Wayfarer’s buildings, yard and wharves were used to build wooden minesweepers during the World War II years, and built schooners in the 19th century. Wayfarer was purchased by former MBNA executive Shane Flynn several years ago.

In recent decades, providing service to yachts and smaller recreational boats has emerged as an important revenue sector for both businesses. For Wayfarer, service has been an almost exclusive focus, including providing moorings, water taxi transport and fuel to those visiting the busy and picturesque Camden Harbor.

That setting played a big part in Lyman-Morse’s purchase.

“Location, location, location,” said Marnie Read, who manages PR and marketing for Lyman-Morse. “Wayfarer is a yachting destination. It’s the front door, the Fifth Avenue of that world.”

The Camden site will be known as Lyman-Morse at Wayfarer Marine, but the company will maintain its Thomaston operation on the St. George River.

“As lovely as the St. George River is,” Read said, “you’ve got to come up the river” to access the yard. Wayfarer “has been a tremendous service yard,” she said, “set up to do many things,” including woodworking.

In recent years, Lyman-Morse has diversified its work, expanding into non-marine products through its fabrication and composites divisions. The company has built a large canopy for a college campus and stainless steel equipment for a fish processing operation, she said.

Lyman-Morse currently employs 76 and Wayfarer employs 41. Both crews will remain employed, Read said, and the new company expects to add workers.

Company president Drew Lyman lives in Camden with his family, Read noted.