OneWater completes PartsVu acquisition

OneWater Marine Inc. announced that it has completed the previously announced acquisition of PartsVu (“PartsVu”), an online marketplace for OEM marine parts, electronics and accessories. PartsVu enhances the Company’s presence in the marine parts and accessories sector while helping reduce exposure to the cyclicality of boat sales.

“We are thrilled to officially welcome the PartsVu team to the OneWater family as we continue to execute on our strategic growth initiatives and drive increased value for our stockholders. The strength of our combined business further solidifies our leadership position in the marine industry and, notably, in the high margin parts and accessories business,” said Austin Singleton, chief executive officer for OneWater.

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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.

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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. 

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