Anchor South merges with Suntex

Anchor South Investments and its property management company Anchor South Management joined Dallas-based Suntex Marina Investors.
Author:
Updated:
Original:

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.

Related

A Record Q2 for Brunswick

With strong global demand in all its business segments, Brunswick Corp. reported another stellar quarter, posting a 57 percent jump in net sales.

OneWater Adds PartsVu

The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.

Groupe Beneteau Updates Revenue Forecasts, More

The builder saw gains in its boat and luxury-home sectors and made several acquisitions, including a majority stake in Dream Yacht Group.

Golden Manufacturing Expands

The fabricator of aluminum boat lifts and aluminum and concrete floating docks adds 18,000 square feet to its Fort Myers, Fla., headquarters.

GetMyBoat Takes You to the Movies

The boat rental marketplace site teams with Disney’s Jungle Cruise for a contest to win a boat trip or movie tickets.

ConMar Adds to Sales Team

The manufacturers’ representatives add industry vet Brain Steele.

Will Canada Reopen to Boaters?

Set to open its borders to fully vaccinated U.S. residents next month, our neighbor to the north could be facing a strike by Canadian border guards and customs officials. Plus, the Great Lakes welcomes a newly designated marine sanctuary.