Target Information

Bain Capital and BlueWater Marinas have recently announced their acquisition of Glyn’s Marine, a notable dry slip marina and service center located on Nantucket Island, Massachusetts. This acquisition was officially completed on August 11, 2025, through an exclusive joint venture that emphasizes the acquisition and management of premium storage-focused marinas in prime boating locations along the East Coast.

Established over 30 years ago, Glyn’s Marine is strategically situated in the heart of Nantucket Island. It has built a strong reputation over the years for providing exceptional winter storage and a wide range of marine services. Originally launched as a modest service facility, Glyn’s has expanded to become one of the largest providers of marine services and storage on the island, catering to the needs of local boaters.

Industry Overview

The marina and boating industry in the United States, particularly in regions like Massachusetts, has been experiencing significant growth. As the recreational boating sector continues to expand, market demand for marina services has increased. This growth trend is fueled by a rise in leisure boating activities and the increasing number of boat owners seeking quality storage and maintenance services.

In Massachusetts, Nantucket holds a prominent position as a desirable boating destination. Its picturesque landscapes, combined with robust boating infrastructure, attract both local and visiting boaters. The island's unique geographical location provides boaters with unparalleled access to the waters of Cape Cod and beyond, making it a prime locale for marina operations.

Moreover, the demand for high-quality marina facilities is further enhanced by the influence of environmental considerations. As awareness of sustainability grows, marinas that prioritize eco-friendly practices and services are becoming increasingly sought after by consumers who value sustainable boating experiences.

Consequently, the marine services sector is set for continued expansion, with increasingly competitive offerings. Facilities that can provide a combination of convenience, comprehensive services, and favorable locations are likely to thrive in this evolving market landscape.

Rationale Behind the Deal

The strategic acquisition of Glyn’s Marine serves as an important milestone for the joint venture between Bain Capital and BlueWater Marinas. This investment aligns with their mutual goal of developing a portfolio focused on high-quality, storage-centric marina properties. Glyn’s stands out as an ideal asset due to its established reputation and a dedicated boating community.

The joint venture believes that their combined operational expertise will enhance the service offerings at Glyn’s Marine while also honoring its long-standing dedication to quality. The acquisition presents an opportunity to set a precedent for future investments in the Northeast region of the United States.

Investor Information

Bain Capital is a prominent global investment firm known for its strategic approach to acquiring and managing assets across various sectors. With a focus on maximizing value and operational efficiency, Bain Capital has considerable experience in real estate investments, particularly in establishing successful partnerships in niche markets.

BlueWater Marinas, on the other hand, has emerged as a leader in the marina industry, specializing in managing and developing high-quality marina facilities. With a commitment to excellence in customer service and facility management, BlueWater has a proven track record of enhancing property values through targeted operational improvements.

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The acquisition of Glyn's Marine is a promising investment, as it positions Bain Capital and BlueWater Marinas strategically within a lucrative and expanding market. This deal not only enhances their portfolio but also highlights their commitment to quality and community engagement in the boating sector.

Investing in established operations like Glyn’s, which has a strong reputation and loyal customer base, is expected to yield significant returns. Through their operational expertise, Bain Capital and BlueWater can implement improvements that could further increase the marina's attractiveness and profitability.

Moreover, the decision to invest in Nantucket is commendable, given the island's status as a prime boating destination. With its growing number of boaters, Glyn's Marine is well-poised to benefit from increasing demand for storage and marine services in the years to come.

As the boating industry continues to evolve, the focus on sustainability and community engagement will become increasingly important. Bain Capital and BlueWater are well-positioned to lead the way in adapting to these changes, suggesting that Glyn's Marine could serve as a benchmark for future investments in this sector.

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