Safe Harbor Marinas Acquired in $5.65 Billion Blackstone Deal
Deal News | Feb 25, 2025 | Simpson Thacher & Bartlett
Blackstone Infrastructure has entered into a definitive agreement to acquire Safe Harbor Marinas from Sun Communities for $5.65 billion. This acquisition, which is expected to benefit from the expertise of Simpson Thacher & Bartlett as legal advisors, marks a significant move in the marina and boat storage industry, given Safe Harbor's leading position with 138 marinas under its management across the U.S. and Puerto Rico. The transaction was agreed upon on February 24, 2025, and involves complex financing and regulatory processes.
Sectors
- Private Equity
- Marine Transportation
- Real Estate
Geography
- United States – Safe Harbor Marinas operates 138 marinas across the U.S., and Blackstone Infrastructure is a U.S.-based entity.
- Puerto Rico – Safe Harbor Marinas operates in this region as part of its U.S. footprint.
Industry
- Private Equity – The article discusses a significant acquisition by a Blackstone Infrastructure, a private equity firm.
- Marine Transportation – Safe Harbor Marinas operates in the marina and superyacht servicing industry, which falls under marine transportation.
- Real Estate – The transaction involves property assets, as Safe Harbor Marinas owns and operates 138 marinas.
Financials
- $5.65 Billion – The transaction value for the acquisition of Safe Harbor Marinas by Blackstone Infrastructure.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blackstone Infrastructure | Bidding Company/Buyer | Company | A private equity firm focusing on infrastructure investments, acquiring Safe Harbor Marinas. |
| Safe Harbor Marinas | Target company | Company | The largest marina and superyacht servicing business in the U.S., being acquired by Blackstone Infrastructure. |
| Sun Communities, Inc. | Selling Company/Vendor | Company | The current owner of Safe Harbor Marinas, selling the company to Blackstone Infrastructure. |
| Simpson Thacher & Bartlett | Legal advisor | Company | Providing legal advisory services to Blackstone Infrastructure in this transaction. |
| Whitney Salinas, Danielle Jackson, Justin Vilinsky, Joe DeQuinzio, Raelissa Glennon-Zukoff, Chris Brown, Tom Howland, Jackie Song, Richard Jamgochian | Legal advisors | People | Members of the Simpson Thacher & Bartlett team handling different aspects of the legal advising for the transaction. |