Sale Announcement | Moby Dick Marina Sold

SVN Marinas is pleased to announce it advised the owners of the Moby Dick Marina on the sale of their business in Fairhaven, MA to a private investment group led by America’s Cup winning sailor, Rome Kirby, and Tristram Worth of VMG Capital.  Founded in 1994 and acquired in 2005 by the Anezis and Zolotas families, the Moby Dick Marina is in a high-visibility location along I-195 in the hurricane barrier protected New Bedford Harbor.  The Marina has a 19,200 SF building with 80 dry-stack slips, 50 in-water slips and 5 moorings. 

Mike Howell, the owner of SVN Safe Haven Advisors and co-Council Chairman of SVN Marinas approached the owners of the Moby Dick Marina about the possibility of selling their marina to capitalize on the robust interest from prospective marina acquirers seeking attractive facilities in the Northeast and across the country. This is the first acquisition for VMG Capital who contacted SVN Marinas in their efforts to develop a larger marina platform.   

SVN Marinas advises on the acquisition and divestiture of marinas, marine properties and marine businesses. SVN Marinas has nearly twenty marina and marine properties publicly listed for sale and numerous other confidential and off-market deals.  For more information about SVN Marinas and available marina opportunities please visit our website.

Read More

Sale Announcement | Sebastian River Marina & Boatyard

David Kendall (SVN | Florida Commercial) advised on the sale of Sebastian River Marina & Boatyard.  We congratulate the new owners and management team on acquiring this unique coastal marina, which is located in a federally designated “Opportunity Zone”.  With it’s close proximity to Sebastian Inlet, Sebastian River Marina & Boatyard is a convenient 120+ slip marina and full service yacht repair facility for boaters from all over Central Florida.  We are excited to see the new owners invest in their vision to build upon the legacy of one of Florida’s most unique coastal marinas.   

Read More

SVN Marinas Advises On The Sale Of Emerald Coast Marine Center To Safe Harbor Marinas

SVN Marinas is pleased to announce it has advised the owners of Emerald Coast Marine Group on the sale of the marina, located in Niceville, FL to Safe Harbor Marinas, a wholly owned subsidiary of publicly listed Sun Communities, Inc. (NYSE: SUI). 

Advising the deal for the seller were David Kendall and Mike Howell, the founding partners of SVN Marinas, a leading marine advisory practice specializing in M&A and business advisory services for marine properties and marine businesses throughout the United States and the Caribbean.

“We congratulate the owners and management team on the sale of this best-in-class marine facility,” said Kendall. “While the price is not disclosed, Emerald Coast Marine Center is one of the largest and most diversified marina complexes in the Florida Panhandle. The leadership team at Emerald Coast had the vision to transform the property from a regional marina into a highly profitable, world class marina complex, which meets the demands and satisfies the recreational boating needs of their customers.”

The Emerald Coast Marine Center is a destination life-style marina on the majestic Emerald Coast of Northwest Florida.  The concept of a marine center provides for a turnkey approach to boat ownership, recreation, storage, and maintenance.  The marina includes a hurricane-rated indoor storage facility accommodating up to 280 boats and 70 wet slips together with a leading regional boat dealership carrying premium brands that include; Beneteau, Blackfin, Crownline, Crest, Crevalle, Hurricane, Key West, Monterey, Nautique, Release, Sea Pro, and Solace.

“David and Mike were instrumental in helping achieve the successful outcome of this transaction,” said Shawn Talpey, President of Emerald Coast. “Together, they are uniquely capable to advise on both marina and marine business transactions that require both market specialization and the sophistication to negotiate complex M&A type marine business transactions.”  

“David and I launched SVN Marinas to provide the transaction expertise required to successfully advise larger and more involved marina and marine transactions requiring both commercial real estate and business expertise,” said Howell.

About SVN & SVN Marinas

SVN is the only national commercial real estate firm with a dedicated marina and marine specialty practice.  SVN Marinas was strategically formed by the merger of U.S. Marina Brokers and Safe Haven Advisors.  Headquartered in Florida and Massachusetts, SVN Marinas is able to transact marinas and marine property anywhere in the United States and Caribbean.  SVN is a leading national commercial real estate firm with more than 200 offices and 1,600 advisors.  For more information on SVN Marinas visit www.svnmarinas.com

Original Article

Read More

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 of transacting anywhere in the United States or Caribbean.  The newly formed partnership will do business as SVN | Marinas & Marine Specialty Advisors, and maintain primary offices in Jupiter, Florida and Cape Cod, Massachusetts. 

David Kendall was the founder of U.S. Marina Brokers, which established itself as a leading marina broker in the Southeastern United States.  Mike Howell was the founder of Safe Haven Advisors after having spent nearly 20 years as an international M&A investment banker with extensive expertise in marine related transactions.  Together the newly created firm will focus on marinas, marine properties, and marine business transactions.

The large and highly fragmented marina and marine industries are experiencing significant consolidation driven by a combination of strategic acquirers, institutional investors, and high net worth family offices.  As a result, competition for attractive assets is at an all-time high and there is a convergence between the acquires of historically passive income driven marinas and actively managed marine property and businesses with significant synergies being realized from the overlap.  SVN | Marinas & Marine Specialty Advisors is uniquely capable of navigating the complexities of this changing market landscape.

Together we have assembled the largest contact database of marina and marine acquires and sellers together with established relationships with key industry participants. Mike Howell, commented that, “I am thrilled to have David as a partner in this venture as he brings a wealth of knowledge about the marina market and has been at the forefront of the development of SVN’s marina specialty practice.”  David Kendall, went on to add, “Mike brings years of experience transacting complicated M&A transactions combined with an intimate knowledge of the marine industry. As partners we will be able to provide sophisticated professional advisory services to buyers and sellers of all types of marine properties and business assets.”

To learn more about SVN | Marinas & Marine Specialty Advisors visit their website at www.svnmarinas.com or www.svnmarine.com.

Read More

SVN | 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 is known as the Long Point Marina, was formerly home to the Whydah Pirate Museum.  SVN | Safe Haven Advisors has been hired by the owners of the Long Point Marina to sell the entire property, which includes the marina, a private residence and commercial space.

SVN | Safe Haven Advisors approached the Atlantic White Shark Conservancy with the idea of developing a cornerstone tenant at the property that could benefit from the property’s unique location adjacent to the ferry terminal, at which 80,000 passengers from Boston and Plymouth arrive each year, and on the pier where another 200,000-300,000 depart on whale watching expeditions.  Cynthia Wigren, Chief Executive Officer and Co-Founder of the AWSC said, “We are thrilled to be opening a second Shark Center to be located in Provincetown and to be connecting with the local community. We are truly grateful to Safe Haven Advisors for presenting us with the opportunity. Provincetown is a perfect location to engage with visitors from all over the world to further our mission to support scientific research, improve public safety, and to educate the community to inspire conservation of Atlantic white sharks.”

The entirety of the Long Point Marina remains for sale offering a +7,700 square foot free-standing structure on MacMillan Wharf, a 4,300+ private residence, coveted deep-water dockage for two 100+ foot vessels, several additional slips with the possibility to reestablish a 75 unit mooring field, and strong cash flow from both the commercial space and marina slips.  SVN | Safe Haven Advisors is specialized in coastal Business developed Commercial Real Estate (BdCRE™) and Special purpose Commercial Real Estate (SpCRE™) as well as a founding partner of SVN’s National Marina & Marine specialty practice. For more information about the Long Point Marina and SVN | Safe Haven Advisors, please visit our website by clicking the link below. 

Visit Our Website

Read More