The International Yacht Restoration School and the Museum of Yachting, both located in Newport, RI announced their plans to merge. These are 2 great maritime institutions that should benefit greatly from consolidation.
Sharing the same lineage, these organizations have real potential to complement each other. IYRS president Terry Nathan has done a great job during his tenure in focusing and executing the strategy of his organization while the Museum of Yachting has been without a chief executive for a number of years. This merge should bring together 2 staffs without a lot of overlap. Finally, in a small city like Newport, it will provide some donors a single choice of support which will hopefully lead to more meaningful gifts over time for a combined institution.
This can truly be a winning merger for all of the various stakeholders and both boards should be applauded for the courage to make it happen.