Safe Harbor Marinas Sold

Blackstone Infrastructure to acquire US marina chain in $5.65bn deal

Blackstone announced today that funds managed by Blackstone Infrastructure have agreed to acquire Safe Harbor Marinas, the largest marina and superyacht servicing business in the US, from Sun Communities Inc for $5.65bn.

Safe Harbor owns and operates 138 marinas across the US and Puerto Rico and is the industry leader in the boat storage and servicing industry.

Heidi Boyd, senior managing director in Blackstone’s infrastructure business, says: “Marinas benefit from key long-term thematic tailwinds including the growth of travel and leisure as well as population inflows into coastal cities. We believe Safe Harbor is the best positioned company in this sector, and we look forward to working with their terrific team to invest behind their existing marinas and to expand their footprint.”

The transaction builds on Blackstone Infrastructure’s diverse portfolio and speaks to the strong momentum of the business, which is said to have grown approximately 40% year-over-year since inception, now managing $55bn of assets as of 31 December 2024.

Blackstone Infrastructure invests in leading companies in sectors with strong tailwinds. Its portfolio of companies include QTS, the largest data centre provider in the US; AirTrunk, the largest data centre platform in the Asia-Pacific region; Carrix, the largest marine terminal operator in North America; and Invenergy, the largest private renewables developer in the US, among others.