Please select your home edition
Edition
Belvedere

Cigarette Racing sells to Lionheart Capital & Billionaire Entrepreneur John H. Ruiz

by Cigarette Racing 28 May 2021 09:01 PDT
Cigarette Racing Team 59' Tirranna Powerboat © Cigarette Racing

Cigarette Racing Team, synonymous with high-powered luxury performance powerboats, has new ownership with big plans for growth of the company and the future of boat racing in across the globe. Lionheart Capital, led by Founder and CEO, Ophir Sternberg, has partnered with billionaire entrepreneur, John H. Ruiz, to purchase the iconic American brand from longtime owner of two decades, Skip Braver.

"After 20 years of building the Cigarette product line and brand, I look forward to seeing Ophir and John's vision for the company become a reality. Lionheart Capital and John H. Ruiz share my commitment to quality and performance, as well as my passion for Cigarette's brand, and I'm confident in their ability to take the company to even greater heights based on their own successful ventures, resources and business knowledge," said Skip Braver, former owner of the Cigarette Racing Team.

Cigarette Racing Team specializes in custom-made, hand-crafted, high-performance powerboats. Its clientele has the most discerning taste for luxury and performance. Cigarette's reputation as the market's premier powerboat builder has roots deep in offshore racing's history where performance made its early run for glory. From its inception in 1969, the company grew in size and reputation, based on the hard-racing, fast-lane living of its founder, Don Aronow.

"I am thrilled about our acquisition of Cigarette Racing and believe that Cigarette Racing's brand is daring, defiant and pushes barriers. With that, my partner John H. Ruiz and I, look forward to taking the company into its next chapter where we build upon the legacy of the brand and create significant value in the future through powerful partnerships and unique collaborations, production amplification and increased distribution channels," said Ophir Sternberg, co-owner of Cigarette Racing.

Since its inception, the Cigarette brand has grown in sophistication, becoming a product excellence company which focuses on impeccable engineering and beautiful design. Cigarette now builds the finest powerboats for the most loyal and discriminating performance boaters, using only the best in materials, technology and workmanship.

"Ophir and I both are excited about Cigarette Racing and what we can contribute to the company," said John H. Ruiz, co-owner of Cigarette Racing. Ruiz, who brings expertise in building hugely successful technology platforms, is excited about incorporating the most cutting-edge technological advancements, innovations and safety features to take performance to the next level. "I have been an avid fan for decades. I personally own numerous Cigarette hand-crafted powerboats and believe that the brand is on the verge of a new wave of acceleration. Cigarette Racing is such an iconic American name in the world of boating, that it is truly an honor to be a part of the continuation of its legacy that's been going strong for over 50 years and look forward to taking it into unchartered waters."

Always on the cusp of redefining luxury, Cigarette recently collaborated with Italian Architect and Designer Giorgio Cassetta, the 2019 World Superyacht Award winner, to create a boat of unconventional strength and style. That know-how and innate elegance with a passion for new challenges, led Poltrona Frau to array the interiors of the powerful Tirranna 59'.

Cigarette as a lifestyle is visible on waterways around the world, but it started and continues to be headquartered in Miami, Florida. Cigarette Racing powerboats range from $600K to $3.5M. For more information, please visit www.cigaretteracing.com.

Related Articles

Copa del Rey MAPFRE surpasses 100 entries
Still almost two months to go until the start The Copa del Rey MAPFRE continues to exceed expectations — and this year, it's doing so well in advance. Posted on 23 May
America's Cup: Big changes in crew line-up
Women and Youth crews to sail in AC75 in the next Cup - Final Draft of AC38 Protocol Historic changes are proposed in the Final Draft of the Protocol released by the America's Cup Defender. For the first time a Female and Youth crew members will be part of the six-crew lineup on board the all-electric AC75s. Posted on 23 May
America's Cup: The Blitz of Statements
Various parties associated with the America's Cup released statements calling for more transparency Various parties associated with the America's Cup released statements calling for more transparency in the America's Cup. Emirates Team New Zealand responded by releasing what is tagged as the Final Draft of the Protocol. Posted on 23 May
IMA Maxi Europeans overall
Bella Mente successfully defends her IMA European Championship title The 20 remaining yachts competing in the IMA Maxi European Championship, organised by the Circolo del Remo e della Vela Italia in conjunction with the International Maxi Association, took part in a final coastal race today in a 8-14 knot southwesterly. Posted on 22 May
Cape Horn Hall of Fame nominations close by 30 May
Public nominations open for just a little longer The International Association of Cape Horners (IACH) is calling for nominations for new inductees to the Cape Horn Hall of Fame. Posted on 22 May
America's Cup: Emirates Team NZ respond
Emirates Team New Zealand has responded to the statements sent overnight (NZT) Emirates Team New Zealand has responded to the statements sent overnight by two Challenger teams calling for more transparency in the negotiations over the Protocol and venue for the 38th Match. Posted on 22 May
World Foiling Congress 2025 concludes
Event attracted top industry leaders, experts, and stakeholders The second edition of the World Foiling Congress took place this week at Palazzo della Borsa in Genova (Italy), attracting top industry leaders, experts, and stakeholders from across the global Foiling Community. Posted on 22 May
J/70 UK Grand Slam 2 at Royal Southern Yacht Club
7 races for the North Sails May Regatta Having suffered through some tough conditions in Grand Slam 1, the forecasts were looking hopeful for the second event of the UK J/70 Season. As we got closer to the event it was anyone's guess as to how the racing would pan out. Posted on 22 May
6mR Worlds return to Seawanhaka Corinthian YC
Oyster Bay and Long Island Sound are renowned as some of the best sailing waters in the world Founded in 1871 and located on Oyster Bay, New York, SCYC is America's oldest yacht club and its association with the Sixes goes right back to the class's foundation in 1907. Posted on 22 May
Steering the Course kicks off to #AccelerateAction
World Sailing's global women's sailing festival gets under way soon The 2025 edition of Steering the Course, World Sailing's global women's sailing festival, gets under way on 23 May with a week-long focus on #AccelerateAction in support of this year's International Women's Day theme. Posted on 22 May
MySail 2025Hyde Sails 2024 - One DesignVaikobi 2024 December