Southern Marinas Holdings LLC, a partnership between a New York-based private investment firm and Southern Marinas, announced the purchase of Bradenton Boat Club in Cortez, Fla.
Bradenton Boat Club is located just off of the intracoastal waterway on Florida’s west coast, with deep-water access to the Gulf of Mexico. The marina features 345 slips with valet boat service, an onsite service department, fuel dock and boat brokerage.
“As Southern Marinas continues to expand its presence in the Florida market, we view the acquisition of Bradenton Boat Club as a welcome addition to our growing portfolio of best-in-class marinas,” said Southern Marinas chief investment officer Andrew Gendron in a statement.
It’s the second acquisition in Florida in the last month; in May, Southern Marinas purchased Riverwatch Marina in Stuart, Fla.
The full-service marina features 368 dry and wet slips, a comprehensive marine service department, fuel dock, boat brokerage and a boat club. For more than 15 years, Riverwatch has been owned and operated by a private investor.
“We are fortunate to acquire such a wonderful asset in a great boating market,” said Gendron in a separate statement. “Riverwatch Marina is the perfect addition to our growing portfolio of marinas that will extend our footprint into the Florida market.”
Over the past six months, Southern has developed “a strong pipeline of assets,” and plans to acquire a select number of best-in-class marinas in the Southeast and other strategically located geographic regions of the country, according to the company.