In 1955, cousins Clinton and Everett Pearson began building fiberglass dinghies in their garage on County Street in Seekonk, Massachusetts.

To raise the capital to acquire facilities to meet the demand, the cousins made Pearson Yachts public in April 1959.

Upon returning to Rhode Island, the cousins purchased the old Herreshoff Yard as an additional production site.

By the end of the year, the newly founded Pearson Yachts had over one hundred employees and was turning out nearly one boat per day.

At that time TPI Composites, formerly known as Tillotson-Pearson, purchased the rights to the Pearson Yachts brand name.