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Rice Brother Corporation / Theodore D. Wells Design

Bluewater / 55 Coastal Cruiser

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Carver / 440 Aft Cabin

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I wanted to take a few minutes to express my sincere thanks and appreciation for the quality of service I have received over the years. I have been doing business with Cooper Capital Specialty Salvage, LLC since 2000 and have purchased well over 60 different items from them. I have bought everything from jet skis to yachts to diesel engines. Through my relationship with Cooper Capital Specialty Salvage, LLC, I was able to purchase my dreamboat that would have otherwise been out of my reach. Thank you for the all around great service. I am a loyal Cooper Capital Specialty Salvage, LLC customer and will remain so in the future.

I have been dealing with Cooper Capital for almost 15 years. Every transaction I have had with them has been handled professionally and proceeded without difficulty. My latest purchase was a 74’ Spencer Sport fisherman located in Puerto Rico. We had the boat temporarily patched and shipped to Philadelphia, PA. We then towed her to our repair yard using our 91’ Burger, which I purchased from Cooper back in 2003!

• John Patnovic
• Chestertown, MD

I run a small boat repair and sales facility in Bristol, RI and have purchased several boats from Cooper Capital Specialty Salvage, LLC for reconditioning. I have always found Cooper to be a terrific source for the types of watercraft that I can market in my area.

• Dave Parker, Parker Marine
• Bristol, RI

I am a boat repairer in Sweden and I have tried to work with several of the salvage companies in the United States and have found CCSS, LLC to be the most friendly, straightforward, and honest, of the group. I have bought several boats from them and will continue to do so in the future.

• Jonny Lagg, Lagg's Marine
• Boxholm, Sweden

I never had the opportunity to thank you for what you do. You got one excellent operation with a wonderful staff that makes you and your Company stand out in the industry......Keep it up......you guys are some of the good things that come out of a natural disaster......

I own a boat and heavy equipment repair facility in the Seattle area and I have worked with CCSS,LLC for the past five years. Our company has bought and provided services for CCSS, LLC and have always considered them to be in a league of their own. We work with insurance companies and vendors every day, but rarely find a company with as much integrity as Cooper Capital.

• Bruce Hood, Central Collision

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TRENDING LOCALLY

Hundreds of damaged boats up for auction at salvage yard along burnt store road.

One man’s trash is another man’s treasure, and there are many boats to choose from.

The salvage yard’s hours, where the boats are held, are Thursday through Saturday, 11 a.m. to 4 p.m.

BOAT OF THE MONTH

35' Silverton 2002 - 352

Introducing the 2002 Silverton 352, recently affected by water intrusion up to the cabin flooring due to an open thru hull fitting during season launch.

Search Our Inventory

We specialize in the sale of Yachts, Boats and more…

This week’s featured listings.

35' Silverton 1997 351

33' Sea Ray 1998 330 DA

23' Stingray 2013 225

Ronald F Milardo

Ronald f. milardo - founder of cooper capital specialty salvage.

A resident of Lyme, Connecticut, Ronald F. Milardo has owned and operated Cooper Capital Specialty Salvage, LLC, since 1996. In his leadership position with the marine salvage management business, he has helped recover thousands of assets following natural catastrophes nationwide. In addition to facilitating the recovery of items, he has overseen their transport, marketing, and sale. Over the past 28 yeas, Ronald F. Milardo has managed the recovery of more than 30,000 assets.

Mr. Milardo holds a bachelor of arts in political science from Brown University, where he was a member of the varsity hockey team. For more than 30 years, he drew on his hockey experience to coach youth teams in Middlesex County.

Ronald Milardo is a long-time supporter of community organizations such as the Boys and Girls Club of Newport County and the Connecticut Cancer Foundation. An avid boater and fisherman, he maintains membership in the New York Yacht Club, the Fort Lauderdale Mariners Club, and the Essex Yacht Club.

Other Media

Local News | LoveBug yacht towed out of West River after…

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Baltimore Sun eNewspaper

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Local News | LoveBug yacht towed out of West River after overturning in July, partially sinking

Salvage vessels from Donjon Marine Co., the New Jersey-based firm that worked to raise the yacht over the last two weeks, departed from the West River with the LoveBug in tow shortly before sunrise Saturday morning, according to VesselFinder, a marine traffic site.

The fleet which included two tugs, crane barges and the yacht, passed under the Bay Bridge just after 8:30 a.m.

The LoveBug is being towed alongside the Farrell 256, a 200-foot crane barge, for safety, as the yacht is a “dead ship,” or a vessel without power, said Steven Newes, senior vice president of Donjon.

On Monday, Newes said the salvage team planned to tow the yacht north through the bay and the Chesapeake and Delaware Canal to the mouth of the Maurice River in New Jersey. Departure was expected to happen Tuesday , with delivery to a smaller vessel for transport to a shipyard along the river originally slated for Wednesday evening.

Why the salvage team’s voyage was delayed is unclear.

The vessels’ departure marks the end of several weeks of work to raise and free the submerged LoveBug from the muddy bottom of the West River. The LoveBug had settled into the mud “quite a bit,” Newes said, complicating efforts to place slings underneath the yacht to lift it.

Mud was also found inside the yacht once it was lifted, Newes said, which needed to be removed to patch the yacht and “render it safely afloat” for towing.

Until salvage crews pulled the LoveBug from the water, the yacht had remained aground in the same location between Beverly Beach and Shady Side for almost four weeks. Though the yacht was originally resting on its starboard, or right, side, it rolled some before salvage began.

The Italian-built yacht was sailing south on the Chesapeake Bay from Annapolis on July 27 when it began to tip over. The Coast Guard received a Mayday call at 12:36 p.m., but by the time crews arrived, the five people on board had been rescued by a good Samaritan and a nearby towboat. Paramedics tended to two of the passengers, according to the Anne Arundel County Fire Department, but both declined to be treated.

The LoveBug, which cost between $110,000 and $125,000 to charter for a week, was not operating as a charter when it overturned, said Hunter Dortenzo, a Natural Resources Police spokesperson.

Though VesselFinder, a marine traffic site, indicated the LoveBug is owned by Bees Honey LLC, a limited liability company based in the Marshall Islands, Federal Communications Commission records show otherwise.

The yacht’s shipboard radio station license is registered to Jabulani Charter Florida, a Florida-based limited liability company with a Rockville mailing address. The licensee should be the vessel owner, according to an FCC spokesperson. Efforts to reach the person listed as the licensee were unsuccessful.

The Natural Resources Police and the National Transportation Safety Board are conducting separate investigations into what happened to the yacht.

One tugboat tows, and another pushes the Lovebug up the Chesapeake Bay, south of the the Bay Bridge. south of the Bay Bridge. Kent Island is visible in the background. The 103-foot yacht capsized at the mouth of the West River on July 27. (Natalie Jones/Staff photo)

One tugboat tows, not pictured, and another pushes the Lovebug up the Chesapeake Bay, south of the the Bay Bridge. south of the Bay Bridge. Kent Island is visible in the background. The 103-foot yacht capsized at the mouth of the West River on July 27. (Natalie Jones/Staff photo)

One tugboat tows, and another pushes the Lovebug up the Chesapeake Bay, as goes under the Bay Bridge. The 103-foot yacht capsized at the mouth of the West River on July 27. (Jeffrey F. Bill/Staff photo)

One tugboat tows, not pictured, and another pushes the Lovebug up the Chesapeake Bay, as it approaches the Bay Bridge. The 103-foot yacht capsized at the mouth of the West River on July 27. (Jeffrey F. Bill/Staff photo)

One tugboat tows, not pictured, and another pushes the Lovebug up the Chesapeake Bay, as goes under the Bay Bridge. The 103-foot yacht capsized at the mouth of the West River on July 27. (Jeffrey F. Bill/Staff photo)

Aug. 31, 2024: One tugboat tows, another pushes the Lovebug up the Chesapeake Bay, past Sandy Point State Park. The 103-foot yacht capsized at the mouth of the West River on July 27. (Jeffrey F. Bill/Staff photo)

One tugboat tows, another pushes the Lovebug up the Chesapeake Bay, past Sandy Point State Park. The 103-foot yacht capsized at the mouth of the West River on July 27. (Jeffrey F. Bill/Staff photo)

One tugbo tows, another pushes the Lovebug up the Chesapeake Bay, past Sandy Point State Park. The 103-foot yacht capsized at the mouth of the West River on July 27. (Jeffrey F. Bill/Staff photo)

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