Koch Industries invests in Safe Harbor Marinas

Publish date:

Safe Harbor Marinas, the world's largest owner and operator of marinas, said that Koch Real Estate Investments, an affiliate of Koch Industries, has completed an investment in the company. It did not specify how much money was involved in a statement announcing the deal.

Safe Harbor said the investment came shortly after it added a 70th property to its portfolio. It owns and operates marinas in 18 states.

"We are excited to welcome Koch to our team," said Baxter Underwood, CEO of Safe Harbor Marinas, in the statement. "We spent several months evaluating potential investment partners for the next phase of our company's growth and development; Koch emerged as the favorite given their long-term perspective, high standard of excellence and integrity."

Jake Francis, managing director of Koch Real Estate Investments, said Safe Harbor could become a “long-term partner” for his company. "We like the assets, the management team, and the industry," Francis said.

Both companies are based in Dallas. Koch said it has invested about $80 billion in acquisitions and other capital expenditures since 2003.