The incorporated name for the company is Traditional Watercraft, Inc. Production facilities are located on five acres of ground with 52,000 square feet (4,800 m2) of covered manufacturing space in central Pinellas County.
[1] Island Packet Yachts is a subsidiary of Traditional Watercraft, Inc., founded by naval architect Bob Johnson in 1979.
The Allens started with just 13 employees, and today they are over 50, with many returning craftsmen who have over 20 years of experience building Island Packet Yachts.
Original owner and Naval Architect Bob Johnson is also the recipient of the 1999 "Industry Award for Leadership" presented by SAIL magazine.
[3] In January 2017, Darrell and Leslie Allen took ownership of the company, focusing on reinvigorating the Island Packet brand by introducing a new model (IP349) and allowing for new owners to specify certain aspects of both interior and rig configuration.