Skip to main content

Safe Harbor Marinas plans ‘future acquisitions’

Safe Harbor Marinas said it will make its formal debut as the largest owner and operator of marinas in the country at the IMBC.

Safe Harbor Marinas said it will make its formal debut as the largest owner and operator of marinas in the country at the International Marina & Boatyard Conference, which opens Wednesday in Fort Lauderdale.

Safe Harbor, which formed last year and is backed by American Infrastructure MLP Funds, said it recently completed acquisitions from four marina owners and operators and has plans to “aggressively grow through future acquisitions.”

The IMBC will be held from Wednesday through Friday at the Broward County Convention Center. Safe Harbor will be at booths 838/840.

The company said its management team is composed of industry veterans with an average of 30 years of marina experience.

Safe Harbor said it owns/manages 31 marinas across 12 states totaling more than 20,000 wet and dry slips and is processing additional acquisitions. The company said it is looking to selectively acquire coastal and inland marinas by acquiring whole portfolios or individual properties.

Safe Harbor expects to deploy more than $500 million of capital in acquisitions through equity and debt commitments. In certain situations it said it will consider bringing in marina owners as equity partners.

“We have created a brand and strategy that will benefit marina owners, operators and the boating community in both the short term and the long term,” Safe Harbor Marinas CEO Marshall Funk said in a statement. “As a result of our scale, all of our properties will benefit from additional revenue and cost-saving opportunities.”

“With the launch of the newly formed Safe Harbor Marinas, we have created the nation’s largest owner and operator of marinas,” American Infrastructure MLP Funds managing director Ryan Barnes said. “We are focused on the numerous opportunities in this sector and have a strategy to create a lasting partnership in the marina industry.”


Employees Assume Ownership of Imtra Business

Creating an employee stock ownership plan (ESOP), the New Bedford, Mass.-based company has sold ownership rights to its employees.

Raymarine Cyclone Radars Win Good Design Award

The company’s next-generation, open-array radar design won the 2021 global design award in the “research and technology” category.

Brunswick Announces Winners of Sustainability Awards

The new program recognizes excellence in sustainable, responsible practices among Brunswick employees and teams.

Eager Anticipation

The industry awaits the debut of the integrated Discover Boating Miami International Boat Show

Multihull Mover

With two new 28-foot models, Aquila continues to maximize the presence of power catamarans in the broader marketplace

A New Space Jam

Boaters want bigger, more powerful multifunction displays, and designers are innovating to meet the demand

Nothing but Net

The SeaPen portable dry dock makes storage easier for the increasing number of outboard-powered boats

Upgrading a Marina Management System

Technology can help streamline marina operations, increase revenue and optimize the guest experience

High-Tech Vision

The latest advancements in low-light cameras make it safer to navigate when visibility wanes