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.
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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.”

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