About Pinnacle Yachts
Pinnacle Yachts was founded by Patricia Feracota, Gary Feracota and Randall Smith -- avid sailors and accomplished business people.
The Pinnacle Objective
"To provide responsible people the opportunity to enjoy a quality yacht for a reasonable price without the burden of maintenance, through a professionally managed fractional program."
Pinnacle's fractional yachting and instruction programs have been a roaring success. In Chicago, the city of our origin, we have been entirely sold-out each year since our formation in 1998.
Over the years our team has grown to include the best and brightest from various backgrounds. Experts in decision sciences, yacht maintenance, boater education and financial management have come together to comprise the Pinnacle team.
Pinnacle is aligned with the world's foremost yacht manufacturers. Our fleet operates in the finest metropolitan marinas. We have invested heavily in proprietary technology for optimal shared-yacht scheduling and maintenance with great success. We have a superb safety record. We are -- and have always been -- profitable and financially stable. Pinnacle members sail with a company having the reputation, skills and resources to make their experience highly enjoyable and entirely worry-free.
We are also thankful to be in a position to create and underwrite the Pinnacle Foundation, a 501(c) 3 public charity. The Foundation provides funding for organizations that have a big impact on the lives of others through the arts, education and community service.
Much of the credit for Pinnacle's success goes to our hundreds of loyal members -- most of whom have been with us for many years. Pinnacle members have had a powerful voice in the direction the company. Our membership has driven the creation of Pinnacle's unique scheduling approach and technology, fleet composition, and program offerings. To members old and new we send our sincere and many thanks.
Pinnacle Yachts was conceived by Patricia. She serves as its President and principal shareholder.
Patricia is a Trimmer of the yacht 77 foot yacht OCEAN, the largest racing sailboat in Chicago. She has raced the Chicago MAC, Bayview MAC, Queen's Cup and other Midwestern distance races.
Patti has also crewed aboard the Volvo 70 foot yacht Monster Project in the prestigious RORC Caribbean 600.
She has also explored Greece and the Caribbean extensively by sailboat.
Patrica serves on the Board of Directors of MOMENTA, the dance company of the Academy of Music and Movement; the formost institution for the serious study of dance for people across the entire physiological and economic strata.
Prior to forming Pinnacle, Patricia was an auditor at Deloitte & Touche where she served the firm's most important client.
Patricia holds a BS in Accounting from the University of Illinois.
Gary had a long and distinguished career as a management consultant. He was a Partner at Deloitte Consulting where he led the firm's manufacturing practice in Chicago. He was also a consultant with Andersen Consulting (now Accenture).
Gary served as turn-around CEO for a software company, consummating the favorable sale of the firm to a private investment group.
Gary served on the Board of Directors of Mercury Air Group, a billion dollar then publicly-traded company that provides services for fractional jets, commercial airlines and military airports globally. He was the Chairman of the Audit Committee, Chairman of the Finance Committee, and a member of the Strategy, Nominating, and Compensation Committees.
He served on the Annual Fund Board, and on the Distinguished Alumni Committee of the University of Chicago Graduate School of Business (now the Chicago Booth School of Business).
Gary currently is a Board Member of the USCG sanctioned Chicago Harbor Safety Committee. He also served on the Chicago Park District Lakefront Advisory Board.
Gary is Founder and President of the Pinnacle Foundation, NFP, a 501(c)3 public charity that supports the arts, education and community service. Funds are raised by providing unique on-the-warer experiences.
Gary is Captain and Person in Charge of the 77 foot yacht OCEAN, Chicago's largest racing sailboat. He has campaigned this yacht extensively in the Midwest.
He also raced the Volvo 70 foot yacht Monster Project in the Royal Ocean Racing Club's Caribbean 600, and the infamous Fastnet race off England and Ireland.
He has considerable experience sailing the waters of Greece and the Caribbean. Gary also has made an 1,800 mile Atlantic Ocean passage and a 1,300 mile Caribbean Sea passage.
Gary was elected 2014 Yachtsperson of the Year by Lake Michigan Sail Racing Federation Area III for his philanthropic efforts and contributions to the sport of sailing.
The Chicago Yachting Association, a collective of twenty-five yacht clubs and marine organizations, selected Gary as 2015 Yachtsperson of the Year for outstanding leadership.
Gary is an Eagle Scout. He is thankful to the fine men and women who took him under their wings and taught him about leadership and integrity.
Gary holds an MBA from the University of Chicago Graduate School of Business (now the Booth School of Business), a Bachelor in Energy Technology / Physics from Northern Illinois University, and has completed the curriculum in Corporate Governance at Harvard Business School.