Skip to main content

Southern Marinas Acquires N.C. Facility

1_Southern_Marinas_picture 1

Southern Marinas Holdings II announced its purchase of Ocean Isle Marina in North Carolina.

“We are fortunate to acquire such a wonderful asset in this vibrant boating community,” Andrew Gendron, principal and chief investment officer with Southern Marinas, said in a statement.

Ocean Isle Marina, located along the Intracoastal Waterway in Ocean Isle Beach, is about 10 minutes from an inlet that accesses the Atlantic. The full-service marina offers year-round storage and transient dockage, with 460 dry and wet slips accommodating boats to 40 feet.

2_Southern Marines_picture 3

The marina also has a service department, fuel dock, ship’s store and boat rentals.

Southern Marinas Holdings II is a partnership between a Denver-based private investment firm and Southern Marinas.

Related

1_LIMESTONE

Limestone Secures Financing for Expansion

The company said the $6 million in credit will be used to improve its Tennessee manufacturing facility and buy new equipment.

1_MCKENZIE

Mastry Marine Names Repower Center

St. Augustine, Fla.-based McKenzie Marine is the engine distributor’s latest designated Suzuki Repower Center.

1_VANDERBILT

Vanderbilt Ships First Pontoon

The company said the 700T Series was the first model shipped from its new Fort Wayne, Ind., factory and was delivered to The Marina in Angola, Ind.

1_CHIPS.ACT

NMMA Celebrates CHIPS Act

The legislation aims to return semiconductor manufacturing to the U.S. and allows businesses to deduct R&D costs in the same year they are incurred.

1_COX

Cox Marine Hires Sales and Support Staff

The diesel outboard builder this week brought aboard a new regional sales director, regional sales manager and an aftersales manager.

1_DEALEROUTLOOK

Boating Interests Lose Wind Farm Battle

The Ohio Supreme Court has ruled that a proposed wind farm off the Cleveland, Oh., waterfront meets planning requirements.

1_INFLATION.JULY

July Inflation Data Lags June

Consumer Price Index results may indicate that inflation has peaked, and Producer Price Index data was below market expectations.

1_YAMAHA

Yamaha Posts Higher Sales, Profit

The company’s first half 2022 net sales increased to $1.93 billion, and segment income rose to $330 million.