Family Values

The scale of Steve Hudson’s waterfront home in Fort Lauderdale, Florida, and the amenities inside and out—a private cinema, a billiard room, a well-stocked wine cellar, an expansive pool with swim-up bar and 240 feet of private bulkhead—are indicative of a guy who’s experienced considerable success in life. Most reach that threshold later on, in their 40s or 50s. But Hudson, now 37, found it early by throwing the full force of his talents and energies behind growing his father’s carting business, sharing in the management of their video rental franchises, making real estate deals in South Florida, and expanding the full-service yacht brokerage, charter and management company International Yacht Collection into an industry player.

Closer inspection of Hudson’s home and its environs, though, suggests some shifting priorities in his life. Removable mesh panels enclose the pool. A collection of plastic farm machinery and construction equipment is scattered about the small but well-kept lawn. There’s a brand new Lazzara LSX Quad 75 tied to the bulkhead—equipped with custom baby gates. (Click image to enlarge)

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Hudson’s lifestyle is in transition from that of a driven bachelor businessman to one where his young family plays a central role. The Lazzara, the first big boat he’s owned, plays a fundamental role in that transition.

"Business-wise, I’ve accomplished a lot of things," Hudson says. "Now it’s family time."

Boats and boating have figured into Hudson’s life from childhood. Born in Fort Lauderdale, he was always a water rat. His parents bought him his first boat, a 13-foot Boston Whaler, at age eight. Like many kids growing up in Florida, he was a surfer, and he still indulges in a lifelong passion for scuba diving.

Growing up, his family owned a succession of Hatterasses and eventually a 122-foot motor yacht. Summers, he, his mother and his sister would stay on the family yacht in the Bahamas and his father would fly over on weekends. As he got older, he became more involved in running the boats, one summer helping move the Hatteras up the coast to Nantucket. The family boating experience and all it entails is what Hudson is chasing today with the Lazzara.


Top: The Hudsons’ Lazzara ready for action. Bottom: The spacious, airy salon and helm. (Click images to enlarge)


"I want my children to have the same kind of experiences I had growing up," he says.

After graduating from Southern Methodist University with a degree in business economics, he went to work with his father establishing and managing a half-dozen Blockbuster franchises in Melbourne, Florida. Eventually he returned to Fort Lauderdale and went to work for his father helping grow the family carting business through mergers and acquisitions. His life was rewarding but hectic, with many nights spent on the road.

During that period, his parents bought a 112-foot motor yacht called Bon Bon. Hudson oversaw a refit that extended her 10 feet. He then managed the complete refit of a 102-foot Crescent Beach the family bought as an investment. His mother ended up giving it to his grandmother as an 80th birthday present. His grandmother used Lady Jean quite a bit, and Hudson oversaw the charter operations when she was not using it, eventually selling the boat for a profit.I started looking at what I was paying the brokers and thought, maybe I should get into that business as well," Hudson muses.

Realizing he didn’t really know the brokerage business, he bought a two-year-old company called International Yacht Collection. Eight years later, IYC has 45 employees and offices in St. Maarten, Monaco, Nassau, Newport and Palm Beach. In May, he sold the company to Trinity Yachts for an undisclosed sum.


Top: The galley and dining area. Bottom: A family portrait. (Click images to enlarge)



While the physical trappings of his lifestyle suggest considerable affluence, Hudson is an affable, approachable guy with a ready smile and the beginnings of a mid-life goatee. He walks with a limp, the result of a serious hunting accident two years ago. His father, Harris "Whit" Hudson, ad he are very close, through their business ventures as well as their family time. He is the nephew of Wayne Huizenga, owner of the Miami Dolphins and an accomplished businessman with a legendary Midas touch. He says his father and his uncle have proved great role models.

"I’ve always been around business leaders—my father, my uncle—all my business career," he says. "I’ve concluded you can’t stand still. You’ve got to continue to build. Either you go out and acquire or somebody comes in and acquires you."

The sale of IYC to Trinity was unplanned and unexpected, but fortuitous, Hudson says. Had the sale not happened, the next logical expansion of the business would have been to get into yachtbuilding. A deeper commitment, though, would have put him on the road more than he would have liked, away from his wife and young children.

"They were looking to vertically integrate downward, and I was looking to vertically integrate upward," he says of Trinity Yachts.

The Trinity deal will allow him to focus on building other businesses—an activity he loves. Towering above all else, though, is a commitment to his family, both immediate and extended. His marriage and fatherhood and the hunting accident helped him sort out his priorities. Prior to the Trinity sale, Hudson had been roughly splitting his time between IYC and the family real estate holding company, Hudson Capital Group. His plan had been to dial back a bit and smell the roses on the Lazzara with his wife of three-and-a-half years, Jeannie, and his children, ages one and two.

As a bachelor he owned a number of small, fast boats including several center-console runabouts, but those boats weren’t appropriate for the kind of boating experience he wants his family to share. He loves to go fast, but he needed something with more amenities.He started looking at express-style boats in the 45- to 55-foot range, but generally wasn’t impressed with what he saw. Then he had a conversation with Dick Lazzara about a boat the company was developing: the LSX Quad 75. At first, the boat was a bit larger than he wanted. But he found Lazzara’s business and personal ethics to be in line with his own and he warmed up to the idea. He was also intrigued by the promise of the new Volvo Penta IPS drives the boat was designed around.


Top
: The aft deck of the LSX Quad 75 is perfect for intimate dining or world-class sun worshipping. Bottom: The full-beam master is spacious and well-appointed. (Click images to enlarge)

"I said, ‘OK, Dick; if it does all you say it’s going to do, I’ll buy Hull No. 2,’ and we did the deal on a handshake," says Hudson. "I didn’t know the price; I didn’t know what it would do. But I did know whatever it was, Dick would certainly deliver on that handshake."

A year later, he walks around the boat just as a new father would, pointing out with pride the features and modifications he and Jeannie made to personalize it. For instance, Hull No. 1, a spec boat that had its debut at last year’s Fort Lauderdale boat show, was fitted out with a modern European interior. Steve and Jeannie spec’d their interior out with softer, more traditional American hues—blues and whites.

The LSX Quad is a four-stateroom yacht with a bright, spacious salon with a retractable sunroof on the bridge deck, a minimalist glass helm integrated into the space and a spacious galley and dining area amidships and down. The central companionway between the guest staterooms has electronically opaqueable glass which, when in the see-through mode, allows an open, full-beam feel in what is typically a narrow, confining space.

The Hudsons made few alterations to the base boat. They did spec out one of the guest staterooms with convertible twins for the kids. The shower stall in that stateroom has a small lip at the base to permit them to bathe the
children. The master aft and VIP forward are elegant spaces with a mix of leather and joinery befitting the finest Italian builds. They had Lazzara build baby gates at several key points below and on either side deck, and they added a glass panel under the helm to keep their curious toddlers from toddling into trouble. They plan to install an aft-facing closed-circuit camera and upgrade the audio system.

But the feature that makes the yacht unique and has attracted the most attention is its power plant.

"All the technology Volvo Penta has put into it is what really excites me," he says.

The LSX Quad 75 is the first yacht equipped with four Volvo Penta IPS drives. The IPS features out-drives with forward-facing props paired with diesel inboards. It offers quieter, more economical operation, quicker acceleration and it takes up less space on the boat than conventional diesel systems of similar horsepower. The compactness of the system allows for more than 10 feet of additional accommodations space in the yacht, according to Lazzara.

The propulsion system is integrated through a single joystick control for precise low-speed maneuvering. It will move the boat directly sideways.

"It takes some getting used to," Hudson says of the joystick control, "but once you do, you could run a slalom course in reverse."

What role will he play with IYC under the Trinity ownership?

"Merely a consultant," he says with a chuckle. "Actually, after the acquisition, I’m the only one who won’t have a job."

But he has plenty to keep him occupied with his real estate operations and his drive to make deals. No matter what, though, the new Lazzara will keep things in balance.

"Through boating, my parents were able to spend that much more time with their kids," he says. "That’s what I want to do with my kids as they get older."

Lazzara Yachts at 813-835-5300. www.lazzara.com

Yacht Specs

Yacht Type: Motor Yacht
Draft: 3' 6" (1.07m)
LOA (Actual length): 76' 9" (23.39m)
LWL (Length of water line): 62' 1" (18.92m)
Displacement: 39 tons
Power: 4x Volvo Penta IPS 600
Max Speed: 35 kts
Cruise Speed: 31 kts
Range: 400 nm
Beam: 18' 2" (5.54m)