McMillen Yachts Inc. was founded in 1992 by Earl McMillen III to restore and maintain classic yachts. In 1995 McMillen pioneered the concept of fractional yacht ownership in an effort to allow other people, with a similar interest and less available time, the opportunity to participate in the same mission.
To date, McMillen Yachts has restored dozens of significant yachts and in the process has built the finest collection of classic American yachts in the world. Today, with their office and full service boatyard facility in Newport, RI, McMillen Yachts offers year round use of the yachts in the “fractionally owned” fleet anywhere along the coast of the eastern United States. During the summer months, the fleet bases out of Newport and cruises between New York and Maine. In the Spring and Fall, the yachts cruise the east coast, primarily in the Chesapeake Bay and Georgia/South Carolina low country; and in the winter months they are based in south Florida and cruise both coasts, including the Florida Keys and Bahamas.