Maple Leaf Marinas purchases five Canadian marinas - Trade Only Today

Maple Leaf Marinas purchases five Canadian marinas

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Maple Leaf Marinas LP, a new Canadian company, has purchased five marinas in central Ontario.

The company was formed solely for the purpose of owning and operating the facilities on South Georgian Bay.

“This is an outstanding opportunity to develop the long-term growth of recreational boating,” Ken MacDonald, general manager of Maple Leaf Marinas, said in a statement. “I am passionately motivated by the challenge we have to re-establish our marinas as innovative, industry-leading facilities that set the standard for all marinas in Ontario and beyond.”

Bay Port Yachting Centre, Wye Heritage Marina, Beacon Bay Marina, Bay Moorings Marina and Bridge Port Marina will operate as independent facilities.

MacDonald explained that Parkbridge Lifestyle Communities, which owns retirement communities throughout Canada, owned the marinas and put them up for sale because the corporation wanted to focus on its core business.

MacDonald is a certified marina manager and had supervised the construction of two of the marinas. He managed the marina division for Parkbridge until he retired in 2015. He put together the Maple Leaf Marinas team when he heard the marinas were coming up for sale.

The marinas have more than 2,200 slips, plus dry-stack storage and full chandleries.

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