Archive for July 2021
U.S. Marina Brokers & Safe Haven Advisors merge businesses to establish SVN | Marinas & Marine Specialty Advisors
Cape Cod, MA and Jupiter, FL– July 21, 2021 – David Kendall, owner of U.S. Marina Brokers, and Mike Howell, owner of Safe Haven Advisors, are pleased to announce they have created a partnership to build the first national marina and marine specialty advisory firm that within SVN’s network of +200 locally registered offices is capable…
Read MoreSVN | Safe Haven Advisors arranges transaction for the Atlantic White Shark Conservancy to create an exhibit at the Long Point Marina in Provincetown
Cape Cod, MA – May 14, 2021 – SVN | Safe Haven Advisors, a specialized commercial real estate and business advisory firm in Mashpee, MA is pleased to announce it has arranged for the Atlantic White Shark Conservancy (“AWSC”) to develop a white shark exhibit on the ground floor of 16 MacMillan Wharf. The property, which…
Read MoreMarineMax Acquires Cruisers Yachts, Will Sell/Service Via Select Retail Network
“Our motto is: We don’t just sell boats, we sell boating,” MarineMax CEO and President Brett McGill tells me when we discuss his company’s acquisition of the esteemed Cruisers Yachts boat builder (with its own heritage dating back to 1904). “And our history has been one of constant innovation, driven by my father Bill McGill’s…
Read MoreBrunswick to acquire Navico
Brunswick Corporation has entered into a definitive agreement to acquire Navico, a global leader in marine electronics and sensors for $1.05 billion. As a result of this acquisition, Brunswick will add the industry leading brands of Lowrance, Simrad, B&G, and C-MAP to its Advanced Systems Group (ASG), which includes the leading Parts & Accessories (P&A) brands…
Read MoreWarbird Marine Holdings Acquires Yellowfin
Warbird Marine Holdings, formed by EagleTree Capital to invest in category-leading boatbuilders and managed by industry veteran John Dorton, announced it acquired Yellowfin Yachts. Financial terms were not disclosed. Yellowfin will be a separately managed sister company to Invincible Boat Co., which Warbird acquired in 2019. “We are delighted to add Yellowfin to our Warbird…
Read MoreWhite River Marine Group acquires Hatteras
White River Marine Group announced a significant expansion of its saltwater manufacturing footprint with the acquisition of Hatteras Inc., in New Bern, North Carolina. The brand will become part of the White River Marine Group. The company’s family of brands includes Tracker, Mako, Ranger, Triton, Tahoe, Nitro and others. The addition will shift the focus…
Read MoreSafe Harbor pays $340M for Fort Lauderdale mega-marina
Safe Harbor Marinas paid $340 million for a superyacht storage and repair facility in Fort Lauderdale. Dallas-based Safe Harbor Marinas, led by Baxter Underwood, bought the Lauderdale Marine Center at 2029 Southwest 20th Street from The Carlyle Group, records show. The property spans 60 acres along the New River’s South Fork. Lauderdale Marine Center was…
Read MoreOneWater Marine completes acquisition of Walker Marine Group
OneWater Marine Inc. has completed the acquisition of Walker Marine Group, marking the largest acquisition in the company’s history, and further expanding its presence in Florida. Walker Marine Group has five locations in southwest Florida to serve its established and growing customer base with new and pre-owned boat sales, quality service and parts, as well…
Read MoreSafe Harbor Marinas Announces Merger Agreement With Sun Communities, Inc.
DALLAS, Sept. 29, 2020 /PRNewswire/ — We are pleased to announce that Safe Harbor Marinas has entered into a definitive merger agreement with Sun Communities, Inc. (NYSE: SUI) and one of its subsidiaries in a transaction for cash and SUI equity valued at $2.11 billion. “We are excited to partner with Sun Communities, a premier real estate investment trust that…
Read MoreMarineMax Expands Great Lakes and West Coast Presence Adding 20 Locations
~Accretive Acquisition of SkipperBud’s & Silver Seas Drives Meaningful Growth~ ~Combined Operation Produced $220 Million in Calendar 2019~ ~Strategically Grows Higher Margin Revenue – Significantly Grows Its Marina Portfolio~ CLEARWATER, Fla.–(BUSINESS WIRE)– MarineMax, Inc. (NYSE: HZO), the nation’s largest recreational boat and yacht retailer, today announced the acquisition of SkipperBud’s and its affiliate, Silver Seas…
Read More