Crescent was founded in 1985 in the small Canadian town of Crescent Beach and, within just 15 years, became one of the country's largest shipbuilders.

The growing order book necessitated an expansion of production capabilities, leading the company to relocate to a new facility in Richmond, a suburb of Vancouver, where it began constructing yachts up to 30 meters in length.

In the early 2000s, the shipyard faced a series of challenges that led to a halt in production.

During this period, the founder's grandson, Tim Charles, established a separate company, Platinum Marine. In 2015, Platinum Marine acquired the Crescent brand and relaunched production. This revival was marked by the launch of the 44-meter superyacht M/Y MUCHOS MAS (model Crescent 145) in 2016, which received numerous awards at the 2017 Fort Lauderdale International Boat Show.

Today, Crescent Custom Yachts' main production facility is located in Richmond on the Fraser River, with ocean access. The site spans 42,000 square meters and includes 6 covered sheds, the company’s design department, workshops, and a 330-ton crane.

In addition to building yachts under the Crescent brand, the facility is also used for constructing vessels for the Platinum Marine brand.

Crescent Custom Yachts offers clients 8 models of semi-custom yachts ranging from 35 to 50 meters: CRESCENT 108′, 110′, 115′, 117′, 130′, 145′, 155′, and 164′. The shipyard also undertakes fully custom projects, providing maximum flexibility in layout and interior design to meet the specific needs of each client.

The largest yacht built by the shipyard to date is the 50-meter M/Y DANZANTE BAY, which was delivered to its owner in 2023.