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Port 32 Acquires Three Florida Marinas

Port_32_Marinas_Naples

Port 32 Marinas acquired three Florida marinas — in Naples, Marco Island and Cape Coral — from Walker Marine Group, the company said in a statement. They are the company’s first acquisitions since its announced recapitalization, backed by Fireside Investments.

The three marinas comprise around 1,015 slips, as well as sales and service by long-term tenant OneWater Marine. With its Florida investments in Palm Beach Gardens, Fort Lauderdale, Tampa and Tierra Verde — and three marinas it manages in Charleston, S.C. — Port 32 now has more than 4,100 dry and wet slips, and approximately 140,000 square feet of commercial tenant space.

“We are delighted to welcome the Walker marinas, their employees and customer base to Port 32,” CEO Joe H. Miller IV said in the statement. “These are high-quality assets which fit tremendously well with our strategy of acquiring best-in-class facilities in each of our target markets.”

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