Anchor South Investments and its property management company Anchor South Management joined Dallas-based Suntex Marina Investors.
The Anchor South companies are now wholly owned subsidiaries of Suntex.
Anchor South will continue to be headquartered in Knoxville, Tenn., and headed by president Mitchell Jones. Suntex will continue to be based in Dallas and led by Johnny Powers, founding principal and CEO.
With this merger, the companies will own and operate 29 marinas in the United States and the Caribbean.
“We are thrilled to join forces with Anchor South,” Suntex founding principal and head of acquisitions Bryan Redmond said in a statement. “Their team shares our passion and commitment for offering the best in customer service and the highest quality of marina life experience possible, while also delivering strong financial results for our investors, owners and stakeholders.”
“Joining forces with Suntex will allow us to position the combined company as the most sought-after investor and operator in this exciting segment of the industry and enhances our ability to deliver quality experiences to boaters across the U.S. and Caribbean,” Anchor South Management president Alicia Jones said.