FORT LAUDERDALE, Fla. - eTradeWire -- FORT LAUDERDALE, FL — September 9, 2026 — Cloud Yachts announced a strategic collaboration between Ken Cage, CEO of IRG, and Eddy Denison, CEO of Cloud Yachts, creating an end-to-end solution for recovering, managing and selling distressed yachts and aircraft.

The venture combines Cage's decades of high-value asset recovery experience with Cloud Yachts' expertise in yacht brokerage, valuation, technology and marketing.

One call. From recovery to resale.

"When a multi-million-dollar yacht or aircraft becomes distressed, recovering the asset is only the beginning," said Cage. "The lender ultimately needs its money back. This partnership gives lenders and attorneys a more complete solution from recovery through disposition."

Cage and IRG have completed more than 3,000 repossessions over the past 20 years, according to Cage, involving aircraft, yachts, RVs and other high-value assets. IRG also handles insurance claims, salvage and subrogation matters and, according to Cage, has secured two U.S. government contracts involving boats and aircraft.

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Cage has appeared on The Today Show, CNN, CBS, Fox & Friends, Fox Business and Bloomberg Television, and his work has been featured by The Wall Street Journal, USA Today and Entrepreneur.

"I've spent my career chasing airplanes, yachts and other high-value assets all over the world," Cage said. "After thousands of recoveries, you learn that getting possession is only half the battle. Now we can combine IRG's recovery capabilities with Cloud Yachts' technology, marketing and sales expertise for lenders and attorneys alike."

"Ken knows how to get the asset back. We know what to do with it once he does," said Denison. "Our objective is one coordinated path from recovery through final disposition."

Repossessions Could Increase

"Based on what we're seeing in the field and hearing from lenders, I believe we could see a meaningful increase in boat and aircraft repossessions over the next six to twelve months," Cage said. "The circumstances are different from 2008, but lenders are again paying attention to distressed recreational assets."

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The service targets lender repossessions, attorney- and government-directed vessel arrests and seizures, defaults, bankruptcies, abandoned assets and complicated ownership situations.

Cloud Yachts will also bring its technology, digital marketing and sales capabilities into aviation, working with IRG on remarketing recovered aircraft.

"Make no mistake — we're still going after airplanes," Cage said. "IRG will continue recovering aircraft, and now we can bring Cloud Yachts' marketing and sales capabilities into that business as well."

One asset. One team. One exit strategy.

Media & Business Inquiries

Ken Cage — Primary Contact
CEO, IRG
407-967-6030
ken@cloudyachts.ai